The 1931-S Mercury Dime is a highly sought-after coin among collectors. Produced during the Great Depression, this coin is notable for its limited mintage and historical significance. This guide will provide you with essential details about the 1931-S Mercury Dime, including its history, market data, and specifications.
The Mercury Dime, also known as the Winged Liberty Dime, was first introduced in 1916. By 1931, the coin was approaching the end of its production cycle. Due to the economic challenges of the Great Depression, the production numbers for the Mercury Dime were much lower than usual, making it a rare find for collectors today.
History of the 1931-S Mercury Dime
In 1931, the U.S. Mint produced dimes at three locations: Philadelphia, Denver, and San Francisco. However, due to the economic downturn, only a small number of dimes were minted. The 1931-S Mercury Dime, produced in San Francisco, is particularly valuable due to its limited mintage and subsequent rarity.
Production Locations
| Mint Location | Year | Number of Dimes Produced |
|---|---|---|
| Philadelphia | 1931 | |
| Denver | 1931 | |
| San Francisco | 1931 | 1,800,000 |
Market Data and Noteworthy Specimens
The 1931-S Mercury Dime is known for its rarity, especially in higher grades. Below is a table of some notable specimens and their market values:
Notable Specimens
| Coin Grade | Auction House | Date | Price | Additional Details |
|---|---|---|---|---|
| PCGS MS67+FB CAC #13196867 | Heritage Auctions | Nov 29, 2007 | $20,700 | Sold for $270,250 in June 2019, upgraded coin |
| PCGS MS67FB+ CAC #25014827 | Legend Rare Coin Auctions | Dec 15, 2016 | $27,025 | Known for rainbow toning and high grade |
| PCGS MS67FB #84033402 | Stack’s Bowers | Aug 22, 2024 | $8,400 | Pale champagne hue with scattered toning |
| PCGS MS67FB CAC #27236894 | Heritage Auctions | May 4, 2022 | $22,800 | Brilliant with minor ticks |
Specifications of the 1931-S Mercury Dime
Understanding the technical details of the 1931-S Mercury Dime can help collectors determine its value. Here are the specifications:
Coin Specifications
| Attribute | Details |
|---|---|
| Country | United States of America |
| Year of Issue | 1931 |
| Denomination | 10 Cents (USD) |
| Mintmark | S (San Francisco) |
| Mintage | 1,800,000 |
| Alloy | 90% Silver, 10% Copper |
| Weight | 2.5 grams |
| Diameter | 17.9 mm |
| Edge | Reeded |
| Obverse Designer | Adolph A. Weinman |
| Reverse Designer | Adolph A. Weinman |
| Quality | Business Strike |
Conclusion
The 1931-S Mercury Dime is a rare and valuable coin due to its limited production and historical context. Collectors highly prize it, especially in high grades. Understanding its history, market value, and specifications can help you make an informed decision if you are considering adding this coin to your collection. The Mercury Dime not only reflects a critical period in U.S. economic history but also showcases the artistry of early 20th-century coin design.
FAQ’s
What makes the 1931-S Mercury Dime so valuable?
The 1931-S Mercury Dime is valuable due to its limited mintage of just 1,800,000 coins, produced during the Great Depression. Its rarity and historical significance, combined with high demand among collectors, contribute to its high market value.
How can I identify a high-grade 1931-S Mercury Dime?
High-grade 1931-S Mercury Dimes are identified by their crisp details, minimal wear, and full bands on the fasces (the bundle of rods on the reverse). Coins graded MS67+FB or higher are particularly sought after for their exceptional condition.
Where can I find market values for the 1931-S Mercury Dime?
Market values for the 1931-S Mercury Dime can be found through reputable auction houses, such as Heritage Auctions and Legend Rare Coin Auctions. Professional grading services like PCGS and NGC also provide current population reports and pricing guides.
