The 1931-S Mercury Dime is a rare and valuable coin that holds a special place in the world of numismatics. Produced during the Great Depression, this dime stands out due to its limited production and historical significance. In this guide, we’ll explore the history, market data, and specifications of the 1931-S Mercury Dime, helping collectors and enthusiasts understand why this coin is so sought after.
History of the 1931-S Mercury Dime
The Mercury Dime, also known as the Winged Liberty Dime, first appeared in 1916. By 1931, when the coin was nearing the end of its production run, the U.S. Mint faced economic challenges due to the Great Depression. This economic downturn led to a significant reduction in the production of the Mercury Dime, making the 1931-S version, produced in San Francisco, especially rare.
Production Locations
In 1931, the U.S. Mint produced dimes at three locations:
- Philadelphia: Minted a standard number of dimes.
- Denver: Also minted a standard number of dimes.
- San Francisco: Produced only 1,800,000 dimes, making the 1931-S version particularly scarce.
Market Data and Noteworthy Specimens
The 1931-S Mercury Dime is highly valued, especially in higher grades. Here are some notable specimens and their market values:
| Coin Grade | Auction House | Date | Price | Additional Details |
|---|---|---|---|---|
| PCGS MS67+FB | Heritage Auctions | Nov 29, 2007 | $20,700 | Sold for $270,250 in June 2019, upgraded coin |
| PCGS MS67FB+ | Legend Rare Coin Auctions | Dec 15, 2016 | $27,025 | Known for rainbow toning and high grade |
| PCGS MS67FB | Stack’s Bowers | Aug 22, 2024 | $8,400 | Pale champagne hue with scattered toning |
| PCGS MS67FB | Heritage Auctions | May 4, 2022 | $22,800 | Brilliant with minor ticks |
Specifications of the 1931-S Mercury Dime
Here are the key specifications of the 1931-S Mercury Dime that collectors should know:
- 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
The 1931-S Mercury Dime is not just a coin; it’s a piece of American history. Its limited production during a challenging economic period and its unique design make it a prized item for collectors. By understanding its history, market value, and specifications, collectors can appreciate why this coin is so valuable and sought after. Whether you’re a seasoned collector or new to the hobby, the 1931-S Mercury Dime offers a fascinating glimpse into early 20th-century U.S. coinage.
1. Why is the 1931-S Mercury Dime so valuable?
Its value comes from its limited production during the Great Depression and its rarity, especially in higher grades.
2. How can I verify if a 1931-S Mercury Dime is genuine?
You can verify authenticity through professional grading services like PCGS or NGC, visual inspection, and consulting with numismatic experts.
3. What are some notable specimens of the 1931-S Mercury Dime?
Notable specimens include high-grade coins with rainbow toning and brilliant examples, fetching prices from $8,400 to over $27,000.
4. What are the specifications of the 1931-S Mercury Dime?
The coin features a 10-cent denomination, minted in San Francisco, with 90% silver and 10% copper, weighing 2.5 grams.
5. Where can I find or buy a 1931-S Mercury Dime?
You can find this coin through reputable numismatic dealers, auction houses, or specialized coin marketplaces.