The 1916 Mercury dimes have value as both numismatic coins and as silver bullion. Keep reading to learn more about these silver coins.

1916 Mercury Dime

Specifications

Type: Mercury Dime
Year: 1916
Face Value: $0.10
Composition: 90% silver, 10% copper
Silver Weight: .07234 oz.
Total Weight: 2.5 grams
Current Silver Bullion Value: $1.20

Mercury dimes are also known as Winged Liberty Head dimes. The US minted the 1916 Mercury dime with no mint mark and also the 1916 D Mercury dime and 1916 S Mercury dime. The mint mark, when present, can be found on the reverse side of the coin.

Series Location Quantity Minted
1916 Philadelphia 22,180,080
1916 D Denver 264,000
1916 S San Francisco 10,450,000

Value

This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $1.20 as of December 07, 2019. This melt value is calculated from the current silver spot price of $16.57 per ounce.

The 1916 Mercury dime with no mint mark is worth around $4 in good condition. In very fine condition the value is around $8. In extremely fine condition the value is around $15. In uncirculated condition the price is around $35 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $150.

The 1916 D Mercury dime is very rare and valuable in any condition. This coin is worth around $800 in good condition. In very fine condition the value is around $4,000 and in extremely fine condition the value is around $6,000. In uncirculated condition the price is around $12,500 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $25,000.

Lastly the 1916 S Mercury dime is worth around $4 in good condition. In very fine condition the value is around $12 and in extremely fine condition the value is around $20. In uncirculated condition the price is around $42 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $215.

Grading System

Good- The date and the letters are clear. The bands and lines in the fasces have been completely worn away.

Very fine- Each of the diagonal bands are completely visible.

Extremely fine- There is only a small amount of wear on the diagonal bands. Liberty's braids and the hair before her ear are completely visible.

MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.

MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable.

 

Sources:

The Red Book


See also:

1917 Dime