Rare 1919 Mercury Dime Valued at $103,500 – The Mercury Dime, officially known as the Winged Liberty Head Dime, is one of the most beloved coins in American numismatics. Minted from 1916 to 1945, this series features Adolph A. Weinman’s iconic design of Lady Liberty wearing a winged cap symbolizing freedom of thought. Among the many issues in the series, the 1919-S Mercury Dime stands out due to its rarity and historical significance.
Recently, a Full Band Regular Strike version with a satin finish and sharp details sold for an astonishing $103,500 at auction. This article explores the allure of this coin, its unique characteristics, and why authentication by PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Corporation) is essential to confirm its rarity and maximize value.
Table of Contents
Chart: Key Details of the 1919-S Mercury Dime
| FEATURE | DETAILS |
|---|---|
| Year/Mint Mark | 1919-S (San Francisco Mint) |
| Obverse Design | Winged Liberty Head designed by Adolph A. Weinman |
| Reverse Design | Fasces with olive branch |
| Metal Composition | 90% silver, 10% copper |
| Weight | 2.5 grams |
| Diameter | 17.9 mm |
| Edge | Reeded |
| Unique Features | Full Bands on fasces; satin finish; sharp strike details |
| Estimated Value (MS65) | Up to $103,500 |
| Authentication Required | Professional certification by PCGS or NGC |
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The Story Behind the 1919-S Mercury Dime
Historical Context
The Mercury Dime was introduced in 1916 during a period of artistic renaissance in U.S. coinage. Designed by sculptor Adolph A. Weinman, it replaced the Barber Dime and quickly gained popularity for its elegant and intricate design. The reverse side features a fasces—an ancient Roman symbol of authority—wrapped with an olive branch to represent peace and strength.
The 1919-S Mercury Dime was minted at the San Francisco Mint during a time when World War I had recently ended, and economic recovery efforts were underway. However, production numbers for this issue were relatively low compared to other years, making it a key date in the series.
Rarity and Popularity
With a mintage of just 18.14 million, the 1919-S Mercury Dime is not the rarest in the series but gains significant value when found in high grades with specific attributes like Full Bands. Collectors prize these coins for their aesthetic appeal and scarcity in top condition.
What Makes the 1919-S Mercury Dime Special?
Several factors contribute to the extraordinary value of the 1919-S Mercury Dime, particularly those graded MS65 or higher with Full Bands:
1. Full Bands
One of the most critical aspects of grading Mercury Dimes is the clarity of the bands on the fasces on the reverse side. These horizontal lines must be fully separated and distinct to qualify as “Full Bands.” Achieving this level of detail requires optimal striking pressure and pristine dies, which were not always consistent during the early 20th century.
2. Satin Finish
While most Mercury Dimes exhibit a standard frosty or lustrous surface, some specimens feature a satin finish—a smooth, matte-like texture resulting from experimental minting techniques. These variations are highly sought after by collectors.
3. Sharp Strike Details
Coins struck with exceptional precision display crisp lettering, well-defined facial features on Liberty, and intricate details on the fasces. Such examples stand out visually and command premium prices.
4. Condition Rarity
Few 1919-S Mercury Dimes survive in gem condition (MS65 or higher). Many were circulated heavily, leaving only a small fraction in uncirculated states. When combined with Full Bands and a satin finish, these coins become exceedingly rare.
Record-Breaking Sale: Why Did It Fetch $103,500?
The recent sale of a 1919-S Mercury Dime for $103,500 underscores its status as a numismatic treasure. Several factors contributed to this impressive price:
- Rarity: Only a handful of 1919-S Mercury Dimes possess all three desirable traits—Full Bands, satin finish, and sharp strike details.
- Demand: High-grade Mercury Dimes are perennial favorites among collectors, driving fierce competition at auctions.
- Certification: The coin was professionally authenticated and graded by PCGS or NGC, ensuring its legitimacy and maximizing buyer confidence.
This combination of rarity, quality, and provenance makes such coins a sound investment for serious collectors.
Importance of Authentication by PCGS or NGC
In the world of rare coins, counterfeit pieces and altered specimens abound. To protect your investment and ensure accurate valuation, professional authentication by PCGS or NGC is crucial.
Why Choose PCGS or NGC?
- Expert Analysis: Both organizations employ experienced graders who use advanced technology to evaluate coins.
- Encapsulation: Certified coins are encapsulated in tamper-proof holders with labels indicating their grade and unique serial number.
- Market Confidence: Coins graded by PCGS or NGC are universally accepted and often sell for higher prices than raw (ungraded) counterparts.
For the 1919-S Mercury Dime, obtaining a Full Bands designation along with a high numerical grade (e.g., MS65 or better) can exponentially increase its market value. Without proper certification, even a genuine example may fail to realize its full potential.
Factors Influencing Value
Several elements determine the worth of a 1919-S Mercury Dime:
1. Grade
Higher-grade coins (MS65 and above) are exponentially rarer and more valuable. Each incremental increase in grade can double or triple the coin’s price.
2. Full Bands
The presence of Full Bands significantly enhances value. For example, a 1919-S Mercury Dime without Full Bands might sell for $1,000, while one with Full Bands could fetch over $50,000.
3. Eye Appeal
Coins with original luster, minimal marks, and attractive toning are more appealing to collectors and command higher premiums.
4. Historical Significance
As part of the Mercury Dime series—a classic representation of early 20th-century American artistry—the 1919-S carries additional cultural weight.
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Tips for Collectors
If you’re interested in acquiring a 1919-S Mercury Dime—or any rare coin—consider the following advice:
- Research Extensively: Study population reports from PCGS and NGC to understand how many examples exist in various grades.
- Prioritize Certification: Always purchase coins graded by reputable services like PCGS or NGC.
- Inspect Before Buying: Examine high-resolution images and read detailed descriptions before committing to a purchase.
- Set a Budget: Determine your spending limit to avoid overspending on impulse buys.
- Consult Experts: Seek guidance from trusted dealers or fellow collectors to make informed decisions.
Conclusion
The 1919-S Mercury Dime with Full Bands, satin finish, and sharp details represents the pinnacle of numismatic excellence. Its recent sale for $103,500 highlights not only its monetary value but also its enduring appeal as a piece of American history. For collectors, owning such a coin is a testament to their dedication and passion for preserving the nation’s heritage through rare and beautiful artifacts.
In the world of coin collecting, few treasures rival the splendor of the 1919-S Mercury Dime. Its blend of rarity, craftsmanship, and historical significance ensures that it will remain a cherished possession for generations to come.
