Mercury Dimes: A Timeless Series In The Spotlight Again CDN Interview

Product Information

In early November of 2018, I received an email interview request from Joshua McMorrow-Hernandez, editor of CDN Publishing in regrading current market for Mercury Dimes, the article is later published in the December issues of GreySheet Dealer price guide.

Below is a part from the article, click on the link above to read the whole story.

MERCURY DIMES FOR THE REST OF US

While the Hallett Collection boasted dozens of high-flying Mercury dimes closing at auction in the four- and five-figure range, the Mercury dime series offers plenty of options for everyone, including those on more modest budgets. As coin collector and Mercury specialist T. Wong notes, the design by Adolph A. Weinman has a timeless appeal that resonates with a broad cross section of collectors. “The words ‘freedom of thought’ came into my mind,” noted Wong when he ventured into the Mercury dime series many years ago. “It’s also the simplicity and attractiveness of the portrait on the obverse of the Mercury dime that many overly crowded designs in modern coinage can’t be compared with,” he added. “The reverse demonstrates unity and strength by the axe (fasces) and the olive leaves around it symbolize the strength and peace we were after.”

Beyond its transcendent design, he says collectors are also drawn to the series because it’s relatively easy to build most of the collection with the many inexpensive common dates. Wong, president of dimeguru.com, says collectors often overlook some pieces that may appear common due to their high mintages but are now scarce because of later mass melting. “Many early dates before 1934 are keys and semi-keys,” he said. “1926-S would be the collectors’ pick for San Francisco key date because of its low mintage. Finding a high-grade 1923-S is also a challenge. The survival rates are low for early dates, and most were likely sent to the melting pot at the time when silver prices were high in the early 1980s.”

The article mentioned the September, 2018 Legend Rare Coins Regency Auction 28 which shatter the original estimate of a single 1923 S dime graded MS66-FB by PCGS, with a final hammer prize of $105,750 (including the 17.5% buyer fee). The dime is imaged in the showcase.

 

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