The 1938 Mercury dimes have value as both numismatic coins and as silver bullion. Keep reading to learn more about these silver coins.

1938 Dime

Specifications

Type: Mercury Dime
Year: 1938
Face Value: $0.10
Composition: 90% silver, 10% copper
Silver Weight: 2.25 grams
Total Weight: 2.5 grams
Current Silver Bullion Value: $1.27

Mercury dimes are also known as Winged Liberty Head dimes. The US minted the 1938 dime with no mint mark and also the 1938 D dime and 1938 S dime. The mint mark can be found on the reverse side of the coin.

Series Location Quantity Minted
1938 Philadelphia 22,190,000
1938 D Denver 5,537,000
1938 S San Francisco 8,090,000

Value

This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $1.27 as of October 22, 2019. This melt value is calculated from the current silver spot price of $17.50 per ounce.

The 1938 dime with no mint mark is worth around $3 in very fine condition. In extremely fine condition the value is around $3.25. In uncirculated condition the price is around $10 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $30.

The 1938 D dime is worth around $3 in very fine condition. In extremely fine condition the value is around $4. In uncirculated condition the price is around $18 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $35.

The 1938 S dime is worth around $3 in very fine condition. In extremely fine condition the value is around $3.50. In uncirculated condition the price is around $20 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $42.

Proof coins are available and they are each valued at around $300 in PR 65 condition. There were only 8,728 proof coins minted.

 

Sources:

The Red Book


See also:

1939 Dime
1937 Dime
1936 Dime