A beautifully toned 1916-D Winged Liberty Head dime grading Mint
State 66 full bands with a green Certified Acceptance Corp. sticker
led Heritage’s Feb. 26
to March 1 Professional Numismatists Guild Invitational
auction in metropolitan Dallas.
The sale totaled more than $6.5 million as of March 3.
The key date “Mercury” dime, in an older Professional Coin Grading
Service first generation green label holder, sold for
$94,000. The “rattler” holder
(as it is called) is slightly smaller than current PCGS slabs and
was used during PCGS’s first few years.
The dime is a 20th century key with a low mintage of 264,000 pieces.
In 1916, the U.S. Mint transitioned away from Charles Barber’s design,
which had been in use since 1892, and moved to Adolph A. Weinman’s
more modern design. In 1916, the Philadelphia Mint struck dimes of
both designs. The San Francisco Mint struck 5,820,000 Barber dimes in
1916 while Denver struck only the new “Mercury” dimes.
As the lot description shares, “Earlier in the year, the
Philadelphia and San Francisco Mints had struck more than 22 million
and 10 million examples of the new Mercury dime design respectively.
These quantities were sufficient to satisfy commercial demand, and on
November 24  Mint Director von Engelken ordered the Colorado
branch mint to cease production of all denominations save the quarter
dollar, explaining the low mintage of D-mint dimes. So the mintage and
availability of the 1916-D dime was limited to the small number of
coins struck prior to the Director’s orders.”
Among coins with fully struck bands on the fasces on the reverse,
PCGS has graded 20 examples of this date in MS-66 full bands, two more
in MS-66+ full bands and just two in MS-67 full bands, one of which
brought $152,750 at a Nov. 1, 2013, Heritage auction.
Another example grading PCGS MS-65 full bands brought $43,475 at
Heritage’s PNG auction. A different example sold last year for just
under $10,000 is the subject of this Coin World Market Analysis.
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