1916 Dime
CoinTrackers.com has estimated the 1916 Mercury Dime value at an average of $3, one in certified mint state (MS+) could be worth $195. (see details)...
Type:Mercury Dime
Year:1916
Mint Mark: No mint mark
Face Value: 0.10 USD
Total Produced: 22,180,000 [?]
Silver Content: 90%
Silver Weight: .0723 oz.
Silver Melt: $1.97
Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $3, while one in certified mint state (MS+) condition could bring as much as $195 at auction. This price does not reference any standard coin grading scale. So when we say average, we mean in a similar condition to other coins issued in 1916, and mint state meaning it is certified MS+ by one of the top coin grading companies. [?].
Additional Info: 1916 was the 1st year that the Mercury (actually named the Winged Liberty) dimes were minted. These beautiful dimes are 90% silver. If a mint mark was placed it would be on the reverse, near the word 'one' but you wont find one on this coin as it was minted in Philadelphia. Fully struck versions of this coin worth more.
Numismatic vs Intrinsic Value:This coin in poor condition is still worth $1.03 more than the intrinsic value from silver content of $1.97, this coin is thus more valuable to a collector than to a silver bug. Coins worth more to a collectors may be a better long term investment. If the metal prices drop you will still have a coin that a numismatic would want to buy.
The 1916-D Mercury Dime – A Very Dangerous Dime. One of the 20th century’s scarcest coins is the 1916-D Mercury Dime. It is rare in terms of supply and demand, rather than in pure dollars. While it is a valuable Mercury Dime, it is not considered a rare coin. However, there are not enough 1916-D coins to meet the demand from collectors and investors. The new Winged Liberty Head design introduced on the dime in 1916 was created by Adolph A. Weinman, a sculptor who had another numismatic claim to fame beginning that year: the Walking Liberty half dollar.
Want more info? Then read Coin Collecting Investment an article that details the benifits of coin collecting as a way to build wealth. Also learn how to properly store your coins.
Current silver melt value* for a 1916 No mint mark is $1.97 and this price is based off the current silver spot price of $27.22 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value.
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**When we say that 22,180,000, of these coins were produced or minted in 1916 this number doesn't always match the actual circulation count for this coin. The numbers come from the United States mint, and they don't reflect coins that have been melted, destroyed, or those that have never been released. Please keep that in mind.
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***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value.Call or visit your local coin dealer for more information.
Junk Mercury Dimes For Sale
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Circulating Coins- Year of Issue: 1796 to Present
- Authorizing Legislation: Coinage Act of 1792
Background
The “Roosevelt” theme is the current design of the U.S. 10-cent coin. The U.S. Mint first issued this design in 1946, soon after the death of President Franklin D. Roosevelt. The Mint released it on January 30 of that year to honor his birthday. The obverse (heads) shows Roosevelt’s profile. The torch, olive branch, and oak branch on the reverse (tails) represent liberty, peace, and strength.
The dime was a logical choice for honoring Roosevelt because he supported the March of Dimes, a program that raised funds for research to find a cure for polio. He contracted polio when he was 39 years old.
The Mint made the first dimes in 1796. They were small silver coins. The designs from 1796 to 1837 showed Liberty on the obverse and an eagle on the reverse. In 1837, a wreath design replaced the eagle. Liberty, in various forms, stayed on the dime until 1946.
From 1916 to 1945, the Mint produced the “Mercury” dime designed by Adolph A. Weinman. The obverse showed a profile of Liberty wearing a cap with wings to represent freedom of thought. The design got its name because it reminded people of the Roman god, Mercury. A fasces – a bundle of rods tied around an axe – and an olive branch appeared on the reverse. The two symbols represented America’s military readiness and the desire for peace. The Mercury dime is considered one of the most beautiful coins in our country’s history.
In 1965, the Mint removed silver from the dime and the composition became copper-nickel clad.
Other Circulating Coins:
Penny Nickel Quarter Half Dollar
Read MoreRead LessCharacteristics
Obverse (heads): Shows the left-facing bust of Franklin D. Roosevelt featured since 1946.
Reverse (tails): Displays a torch with an olive branch on the left and an oak branch on the right. The torch signifies liberty, the olive branch peace, and the oak branch represents strength and independence.
1916 Dime Mintage
Obverse Inscriptions
- LIBERTY
- IN GOD WE TRUST
- Year
1916 Dime Barber
Reverse Inscriptions
- UNITED STATES OF AMERICA
- E PLURIBUS UNUM
- ONE DIME
Mint and Mint Mark
Specifications
| Composition | Weight | Diameter | Thickness | Edge | No. of Reeds |
|---|---|---|---|---|---|
Cupro-Nickel Balance Cu | 2.268 g | 17.91 mm | 1.35 mm | Reeded | 118 |
Artist Information
1916 Dime
- Sculptor: John Sinnock