The 1975-S No S Proof Dime, widely regarded as the world’s most valuable modern U.S. coin, is set to be auctioned on October 27th by GreatCollections. This highly rare coin, owned by an Ohio family for over 45 years, is one of only two known examples missing the “S” mint mark, a small but significant error that has turned it into a coveted item among collectors.
Discovery and Significance
The 1975-S No S Proof Dime was part of a proof set minted at the San Francisco Mint, which should have included an “S” mint mark on the dime. In 1975, the U.S. Mint produced 2.84 million proof sets, but only two sets without the “S” mint mark have been discovered, both by the same individual in California in the late 1970s.
These dime error coins were sold to coin dealer F.J. Vollmer and have since become legendary in the numismatic world. The Ohio family purchased their No S dime from Vollmer in 1978 for $18,200, a significant sum at the time, equivalent to nearly $90,000 today.
According to Scott Schechter and Jeff Garrett, co-authors of 100 Greatest U.S. Modern Coins, the 1975 No S Proof Dime ranks as the #1 modern U.S. coin. The coin has been graded PCGS Proof-67 and approved by CAC (Certified Acceptance Corporation) with the considerable public interest and could fetch over $500,000 at auction.
1975-S No S Auction History and Values
The 1975 No S Proof Dime auction history shows its increasing value over time. In 2011, the second known example sold for $349,600 at a Stack’s Bowers Galleries auction. In 2019, the same coin sold for $456,000 at Heritage Auctions. Shortly after, it was sold privately for $516,000 to the owner of the only complete collection of Roosevelt Dimes ever formed.
The current auction represents the first time this particular dime, owned by the Ohio family, has appeared in public sale. It is expected to attract a great deal of attention from collectors, with the current bid already reaching $250,000. The dime will be on display at the Great American Coin & Collectibles Show in Tampa, Florida, from September 11-14 before heading to the auction block in October.
What Makes the 1975-S No S Proof Dime Special?
The 1975 No S Proof Dime is significant because of its extreme rarity and the historical context of its creation. During this time, proof coins were struck with extra care for collectors, and the absence of the “S” mint mark is an unusual and highly collectible error.
GreatCollections Auction 1975 No S Dime PR67 CAC
Mint inspectors likely discovered this early in the first run and stopped the majority of these error dimes from being released, making the two known examples incredibly rare.
This coin stands apart from other 1975 dimes made in Philadelphia as it is a Proof coin which was only minted in San Francisco.
Collectors’ and Investors’ Interest
For collectors, the 1975 No S Proof Dime is considered a “holy grail” of modern numismatics. Its rarity, combined with the fact that only two are known to exist, drives its value. The proof coin is also in excellent condition with a Proof-67 grade, making it even more desirable.
For investors, owning a piece of modern coinage history like the 1975 No S Proof Dime can be a lucrative long-term asset. Over the years, its value has consistently appreciated, and it is expected to continue doing so due to its uniqueness.
Beware of Misleading Offers and Counterfeits
The rarity of the 1975 No S Proof Dime has led to opportunistic sellers falsely advertising common 1975 dimes as rare coins. With nearly 586 million 1975 Roosevelt Dimes produced without a mint mark, many sellers exploit the confusion between regular circulation coins and the rare proof errors. Buyers must carefully verify the authenticity and provenance of such coins, as common 1975 dimes without an “S” are not valuable.
This discovery is a reminder of how valuable certain error coins can be, especially when such a limited number of examples exist.
The 1921 Morgan Silver Dollar has a significant place in numismatic history. This mintage year, the U.S. Mint restarted production of $1 coins following a 17-year hiatus.
This is the final year the Morgan $1 coins were issued for circulation since the Peace Dollar was introduced in the Fall of 1921.
What is the 1921 Morgan Silver Dollar?
The Morgan Silver Dollar is one of the most iconic and widely collected coins in American numismatic history. It was minted from 1878 to 1904, and then again in 1921.
First introduced in 1878, the Morgan Silver Dollar came about due to Western mining companies lobbying Congress to stabilize the price of silver following the Civil War.
Passed in 1878, the Bland-Allison Act required the U.S. Treasury to buy large quantities of silver for coinage. This was intended to support the silver mining industry and to reintroduce silver currency.
The Morgan is often associated with the silver mining boom of the American West and the design reflect economic and political climate of the late 19th century. The debate between the gold standard and bimetalism was a central issue in American politics during this era.
1921 Morgan Silver Dollar Values
Circulated 1921 Morgan $1 Coin
The 1921 mintage was large and these coins are more common than earlier Morgans. However, in uncirculated or higher-grade conditions they still hold a premium for collectors.
Condition
Description
Value Range
Good (G-4)
The coin will show significant wear and major design elements are present but heavily worn
$30 to $40
Very Good (VG-8)
Moderate wear is visible, and the design details are clearer but still worn down
$35 to $45
Fine (F-12)
More details on the coin’s design, such as the hair and feathers, are visible but still worn
$40 to $50
Very Fine (VF-20 to VF-30)
Details such as Liberty’s hair and the eagle’s feathers are clearer, though still worn
$50 to $70
Extremely Fine (EF-40)
Light wear is evident on the highest points of the coin, but overall, the details are sharp
$75 to $90
Almost Uncirculated (AU-50 to AU-58)
These coins show only slight signs of wear on the highest points and maintain much of their original luster
$100 to $150
Brilliant Uncirculated (BU)
BU coins show no signs of wear, retains its original mint luster, may have bag marks, dings or other minor imperfections
$150 and up
1921 Morgan Silver Dollar Condition, Description and Values
Heavily worn or cull condition 1921 Morgan Silver Dollars generally hold little numismatic value and are typically priced at or near their melt value. However, some exceptions, such as mint errors, clashed dies, off-center strikes, or doubled dies where even a heavily worn or cull Morgan Dollar can fetch a premium.
1921 Morgan Silver Dollar Mintage Amounts
More than 86,730,000 Morgans were minted in 1921 across all US Mint locations.
Location & Mint Mark
Mintage Amount
Notes
Philadelphia Mint (No Mint Mark)
44,690,000
The Philadelphia Mint produced the majority of the 1921 Morgan Dollars.
Denver Mint (D Mint Mark)
20,345,000
First time the Denver Mint produced Morgan Silver Dollars
San Francisco Mint (S Mint Mark)
21,695,000
Produced coins for circulation, in addition to the famous 1921-S Zerbe Proof
1921 Morgan Mint Marks and Mintage Amounts
NGC MS63 Graded 1921-D Morgan $1 Coin
Morgan Dollar Design
The coin was crafted by George T. Morgan, an English engraver who worked for the U.S. Mint. His skill is evident in the intricate details of Lady Liberty and the eagle.
Obverse
On the front of the coin, you’ll find a depiction of Lady Liberty wearing a Phrygian cap and her hair is adorned with wheat and cotton.
Obverse of an 1882-S Morgan Silver Dollar Value: $45 to $1,500, depending on condition
Above her head, the words “E PLURIBUS UNUM” (which means “Out of Many, One”) wrap around the edge of the coin along with thirteen stars, highlight the unity of the original thirteen colonies.
Reverse
Reverse of an 1882-S Morgan Silver Dollar BU
On the reverse, the Majestic bald eagle with its wings spread wide, symbolizing strength and freedom.
The eagle holds an olive branch in its right talon (for peace) and arrows in its left (to signify readiness for defense).
The Mintmark for coins minted outside of Philadelphia is located at the bottom of the reverse above the “D” and “O” in the word DOLLAR.
Inscriptions and Edge
The top edge of the reverse features the words “UNITED STATES OF AMERICA,” while the bottom proudly states “ONE DOLLAR,” making it clear what the coin is worth.
The edge of the 1921 Morgan Silver Dollar is reeded with 189 reeds around the circumference.
George T. Morgan
George Morgan was recruited to join the U.S. Mint in 1876 through the efforts of then Director of the U.S. Mint, Henry Linderman, who was seeking to revitalize American coinage.
Linderman recruited Morgan, who was working for the Royal Mint in London as an assistant engraver, and offered him the opportunity to come to the United States.
Morgan accepted the offer and was brought on as an “assistant engraver” under Chief Engraver William Barber.
One of Morgan’s first tasks was creating a new design for the silver dollar, marking the beginning of his long career. His fresh perspective, combined with his European training, allowed him to craft a coin that remains highly regarded among numismatists today.
Other Morgan Series Key Dates
In addition to the 1921 Morgan Silver Dollar, the Series offers many other valuable key dates due to their rarity, historical significance, or unique characteristics.
First Year of Issue – 1878 Morgan
This is the inaugural year for the Morgan Dollar and is highly collectible. Several varieties exist, including the 7 Tail Feathers and 8 Tail Feathers variations, which refer to the number of feathers on the eagle’s tail depicted on the reverse.
Scarce 1893-S Morgan Dollar
The 1893-S Morgan Dollar is considered the rarest and most valuable in the series. The San Francisco mint produced only 100,000, making it highly sought after in higher grades. The highest-selling Morgan Silver Dollar ever auctioned was the 1893-S Morgan Silver Dollar for $735,000 in 2018.
1889-CC Morgan Dollar Carson City Mint
The 1889-CC is another rare coin, minted at the Carson City Mint, which makes it especially desirable. The Carson City mint is known for producing some of the most collectible Morgans. Only 350,000 coins were minted, and it is one of the most valuable Carson City Morgans.
1895 ProofMorgan Dollar
Often referred to as the “King of Morgan Dollars,” the 1895 Proof Morgan Dollar is famous for having no known regular strike versions. Only 880 proof coins were minted, making it extremely rare. Many believe that any 1895 Morgan Dollar found today is likely from the proof mintage. Depending on market conditions and grading, an 1895 Proof Morgan is worth $40,000 to $55,000 at auction.
1904 Morgan $1 Coin – Last YearPre-Hiatus
The 1904 Morgan Dollar is notable as it was the last year the Morgan dollar was struck before production halted. After 1904, no Morgans were produced until 1921.
1921 Morgan Silver Dollar Mint Marks
The Morgan Silver Dollar was minted at five different U.S. Mint locations over the years, and each of these mints has its own distinct mint mark, contributing to the coin’s variety and collectibility.
Mint Location
Mint Mark
Years Minted
Philadelphia
None
1878-1904 & 1921
Carson City
CC
1878-1893 only
San Francisco
S
1878-1904 & 1921
New Orleans
O
1879-1904 only
Denver
D
1921 only
Mint Marks and Years Minted
The Philadelphia Mint, which served as the main minting location, did not use a mint mark. Morgan Dollars from Philadelphia were produced from 1878 to 1904 and then again in 1921.
Carson City, identified by its “CC” mint mark, produced Morgan Dollars from 1878 to 1893. Carson City coins are especially popular among collectors due to the mint’s relatively low production volume.
The San Francisco Mint, denoted by the “S” mint mark, also struck Morgan Dollars during the same periods as Philadelphia — from 1878 to 1904 and in 1921. San Francisco Morgan’s are known for high-quality strikes and are often valued for their sharp details.
New Orleans, with the “O” mint mark, minted Morgan Dollars from 1879 to 1904. The New Orleans Mint was known for inconsistent production quality and softer strikes compared to other mints.
Lastly, the Denver Mint, marked with a “D,” produced Morgan Dollars only in 1921. The Denver 1921 Morgan Silver Dollar’s one-year-only status adds to their collectible value.
Why VAM 1921 Morgan Dollars More Valuable
Many Morgan error coins are classified under the Van Allen-Mallis (VAM) system, developed by Leroy Van Allen and A. George Mallis in the 1960s.
NGC MS61 1921 Morgan $1 VAM-44 Wide Reeds
The VAM system identifies distinct anomalies and characteristics in the dies used to strike Morgan (and later Peace) dollars. These varieties are identified by small changes or errors in the coin design, such as doubled die features, overdates, or misplaced mint marks.
In general, Morgan VAMs that are scarce are worth much more than regular coins. However, not all VAM varieties command a premium. The value of each variety depends on the rarity, the grade, and the specific characteristics. Collectors with a keen interest in U.S. Mint history or unique coin features are often willing to pay more for certified VAM Morgans.
Some of the most sought-after VAMs include the 1878-P 7/8 Tail Feathers, the 1879-P Reverse of 1878, and the 1887-P Doubled Ear.
VAM 1A Clashed E 1921 Morgan Silver Dollar
Clashed die errors occur when the obverse and reverse dies strike each other without a planchet in between, leaving impressions from one die on the other. When this happens, features from one side of the coin appear faintly on the other side.
On the obverse, you might spot traces of the eagle’s wing or wreath from the reverse side. These marks are usually found around the front of the neck of Liberty’s profile as a faint outline of the eagle’s wing.
1889-O Morgan $1 Clashed “E” PCGS AU55 – Value: $1,500-$2,000
On the reverse, you may find remnants of Liberty’s portrait, including the outline of Liberty’s chin or nose near the eagle’s wings. Though these marks are generally subtler on the reverse, they are still noticeable upon closer inspection.
NGC 1891-O Weak “E” Clash VAM-3A Morgan $1 XF45 Value Range: $400-$600
In some cases, parts of letters from one side of the coin may be transferred to the other, making for a highly collectible clashed die error. For example, fragments of the “E” from “E PLURIBUS UNUM” might appear on the reverse, or reverse lettering elements may appear on the obverse. These lettering clashes are particularly sought after by collectors.
1921 Off-Center Morgan Mint Error
Off-center strikes occur when the planchet is not properly aligned between the dies during the striking process, resulting in an off-center design.
1921-D Morgan Denver Mint Error Coin Struck 7% Off-Center Value Range: $10,000 to $12,000
These errors can range from slightly off-center to dramatically misaligned, and they generally sell for thousands at auction.
Double Strikes
Double strikes occur when a coin is struck twice by the dies, creating a doubled or overlapping design. These errors are highly sought after for their distinctive appearance and rarity.
1880-O Morgan $1 VAM 4 Hot Lips PCGS AU53 – Value: $1,250 – $1,500
Die Breaks and Cuds
Die breaks and cuds are mint errors resulting from cracks or breaks in the die. These errors can create raised lines or blobs on the struck coins, adding a unique touch to your collection.
Closeup of a 1921 Morgan Die Break
Morgan Dollar GSA Hoard
The Morgan GSA Hoard was a large collection of uncirculated coins discovered in U.S. government vaults in the 1960s and early 1970s. These had been left over from the production and were minted between 1878 and 1904, and later in 1921. The hoard is named after the General Services Administration (GSA), the federal agency responsible for cataloging and selling these coins to the public after they had been forgotten for many years.
1882-CC Morgan $1 BU GSA Slab – Value: $300-$400
these coins were rediscovered during an audit of Treasury vaults in the 1960s. The GSA hoard largely contained coins from the Carson City Mint (CC), which was known for producing fewer Morgan dollars than other U.S. mints. Recognizing their numismatic value, the U.S. government held a series of public auctions that ran from 1972 to 1980.
Many Morgans from the hoard were in mint-state condition. The fact that they had been stored away for decades left them preserved in near-original condition, which is extremely rare for coins of this age.
The coins were auctioned in special black plastic GSA holders. These coins kept in their original GSA packaging adds to their collectible value today.
Created to commemorate the 200th anniversary of the United States’ independence, the US Bicentennial Quarter was minted only in 1975 and 1976. Due to their unique reverse design, they are among the most iconic coins in American numismatic history.
However, not all are created equal. Some Bicentennial quarters are worth more than others, particularly those with specific mint marks and conditions or those that contain silver. Let’s explore some factors that make certain Bicentennial quarters valuable and how to identify those containing silver.
Historical Context
In the mid-1970s, the U.S. Mint celebrated the nation’s anniversary by holding public competition for commemorative reverse designs for the quarter, half-dollar, and dollar coins. The Mint held a public competition for the quarter to choose the reverse design.
1976-S Quarter (25 cents) Bicentennial San Francisco Mint
The winning design, created by Jack L. Ahr, features a colonial drummer boy with a victory torch encircled by 13 stars, symbolizing the original thirteen colonies. The obverse of the coin retains the familiar portrait of George Washington.
These coins were minted in 1975 and 1976, but all bear the dual date “1776-1976” to signify the Bicentennial. No 1975-dated quarters were produced. While most were released into circulation, proof versions were also minted for collectors.
The Bicentennial quarters were produced in large quantities by the U.S. Mint at three primary locations: Philadelphia, Denver, and San Francisco. In addition to the standard circulation coins, proof and silver proof versions were produced specifically for collectors. Below is a breakdown of the mintages from each mint location, including the proof varieties.
Mint Mark
Mintage Amount
Notes
Philadelphia Mint (None)
809,784,016
Denver Mint “D”
860,118,839
San Francisco Mint “S”
– Clad Proof Strikes
7,059,099
– 40% Silver Uncirculated Strikes
11,000,000
– 40% Silver Proof Strikes
4,000,000
Coins from the Philadelphia Mint were struck for general circulation. Almost 810 million 1776 Quarters were issued without a mint mark. While they are not particularly rare, high-grade examples can still be valuable.
The Denver Mint produced the most significant number of coins: More than 860 million Bicentennial Quarters were issued with the “D” mint mark. Although most are worth their face value, a notable number of valuable error coins from the Denver Mint exist.
The San Francisco Mint produced Proof Bicentennial Quarters intended for collectors. These coins were issued in both clad and 40% silver variations.
Clad-proof strikes were produced as part of the standard proof sets sold to collectors, featuring a mirror-like finish. The mirror-like appearance of these proof coins provides a visual distinction against regular strikes.
San Francisco also issued two varieties of 1776-1976 Silver Quarters. The 40% silver uncirculated strikes were included exclusively in Uncirculated Sets.
Similarly, the 40% silver proof strikes were included in a unique three-coin Silver Proof Set, which also included the Bicentennial half-dollar and dollar coins.
Valuable 1976 Bicentennial Quarters
While over a billion 1776-1976 quarters were minted, just a fraction of them are worth more than their face value. The Bicentennial Quarter’s value depends on several factors, including condition, rarity, and whether it contains silver.
Full Drum Details
1976 Quarter with Full Drum Details (FDD)
Many of the coins destined for circulation contained weak strikes, and the details on the drum on the reverse are a sign to look for.
Quarters that have been circulated typically show signs of wear, diminishing their value. Uncirculated, Mint State and Proofs with high grades are generally worth more.
Mint State (M.S.): Bicentennial quarters that are graded MS65 or higher exhibit sharp details and few, if any, imperfections. Depending on the exact grade and market conditions, such coins are worth between $20 to $30.
1976-S 25c Silver Washington Quarter Proof PCGS PR69DCAM 40% Silver
Proofs are struck using a unique process that creates a mirror-like finish. The U.S. Mint sells these coins directly to collectors and never intended them for circulation. Bicentennial proof quarters, particularly those in perfect PR70 condition, can fetch prices ranging from $10 to $50 or more, depending on demand.
Bicentennial Quarter Error Varieties and Values
1776-1976 Bicentennial Quarter Doubled Die Varieties
Doubled die coins result from a minting error where the die used to strike the coins has a misaligned or doubled image. Bicentennial quarters with doubled die errors are rare and can be pretty valuable. The most famous doubled die variety for the Bicentennial quarter is found on the obverse, where the doubling is evident in the inscriptions “LIBERTY” or “IN GOD WE TRUST.” These coins can sell for $100 or more, depending on the extent of the doubling and the coin’s condition.
Off-Center Strikes
Off-center strikes occur when a coin is not correctly aligned with the die during striking, resulting in a missing portion of the design. Bicentennial quarters with significant off-center strikes are uncommon and can be worth several hundred dollars, especially if the date and design elements are still clearly visible.
1976 D Quarter, Double Clip
A clipped planchet is a coin struck on a metal blank that was not fully formed. These errors result in a coin with a missing section, usually along the edge. Bicentennial quarters with clipped planchets are relatively rare and can be worth $50 to $150 or more, depending on the size and location of the clip.
How to Verify Silver Bicentennial Quarters
There are a few methods you can use to tell if your Bicentennial quarter contains silver:
1776-1976 U.S. Mint Bicentennial Silver Uncirculated Set with Original Government Packaging (OGP)
Mint Mark: As mentioned earlier, Bicentennial silver quarters have an “S” mint mark, indicating they were struck at the San Francisco Mint.
Weight: Silver quarters weigh more than their clad counterparts. A 40% silver Bicentennial quarter weighs approximately 5.75 grams, compared to 5.67 grams for a copper-nickel-clad quarter.
Edge Inspection: The edge of a Bicentennial silver quarter will appear uniformly silver. In contrast, a clad quarter will show a distinct copper stripe along the edge due to the copper core.
Ping Test: Silver quarters produce a distinct, high-pitched ringing sound when dropped on a hard surface, unlike the duller sound of a clad coin.
Conclusion
The Bicentennial quarter is a beloved piece of American history, and while most are only worth their face value, some can be valuable. Quarters in high-grade condition, with mint errors, or those containing silver are the ones to look out for. Whether you’re a seasoned collector or a casual enthusiast, watching for these valuable coins can be rewarding and enjoyable.
If you come across a Bicentennial quarter in your pocket change, take a closer look—with silver prices trending higher, you might have a small piece of history worth more than you think.
The 1916-D Mercury Silver Dime is one of the most sought-after coins in American numismatics. It was the inaugural year for the Mercury Dime series and is a prized piece among collectors due to its low mintage, historical significance, and rarity.
The value of the 1916-D Mercury can vary widely based on condition, with high-grade examples commanding significant premiums.
All branches of the US Mint were transitioning from the Barber to the Mercury in 1916, and the Denver branch faced limited demand for dimes and focused more on producing other denominations, resulting in the mintage of only 264,000 Mercury dimes.
Mercury Dime Historical Context
The early 20th century saw a push for more artistic and symbolic designs on American coins, and the Mercury Dime, officially known as the Winged Liberty Head Dime, was introduced in 1916.
The context for the Mercury Dime’s introduction stemmed from the Coinage Act of 1890, which mandated that coin designs could be changed every 25 years.
The design of the Mercury Dime was chosen through a process led by the U.S. Mint and Treasury Secretary William McAdoo. A design competition was held, and sculptor Adolph A. Weinman’s design was highly praised and chosen for its classical elegance.
Symbolism
The obverse features Liberty with a winged Phrygian cap, representing freedom and liberty of thought. The reverse displays a fasces (a bundle of rods with an axe), a symbol of strength and unity, alongside an olive branch symbolizing peace.
Winged Liberty Dime Obverse and Reverse Designs
The symbolism of unity and peace was particularly poignant given that the coin was introduced at the height of World War I when the notions of peace and national strength were critical.
1916 Mercury Dime Mintage
Philadelphia Mint (No mint mark): 22,180,080
San Francisco Mint (S): 10,450,000
Denver Mint (D): 264,000
The 1916-D Mercury Dime had the lowest mintage of the entire 29 year history of the Mercury Dime series.
1916-D Rarity and Values
The 1916-D Mercury Dime stands out as one of the most coveted coins in American numismatics due to its exceptionally low mintage. The Denver Mint produced a mere 264,000 dimes that year, making it one of the most valuable coins in the series, especially in higher grades.
The value of a 1916-D Mercury Dime varies greatly depending on its condition, or grade. Understanding the different grading conditions is essential when assessing the coin’s value. These coins are over one hundred years old and many were circulating for decades before being discovered by a collector in some spare change.
Good (G4)
Circulated 1916 Mercury in good to fine condition
In Good condition, the 1916-D Mercury will still appear heavily worn. Most of the major design elements, such as Lady Liberty’s profile and the fasces on the reverse, will be significantly worn down. The details in Liberty’s hair will be nearly flat, and the winged cap will have lost most of its details. The inscription “LIBERTY” may still be visible but faint. The “D” mintmark on the reverse might be worn but should still be visible.
Value Note: Even in worn condition, the scarcity of the 1916-D Mercury gives it a high value compared to other coins with examples in this condition fetching $800 to $1,000.
Fine (F12)
A Fine 1916-D Mercury will show moderate wear. Liberty’s profile will be more defined, though the hair will be mostly flat. The wings on her cap will show basic outlines but lack finer details. On the reverse, the fasces will show the distinct shape of the axe but will be missing finer lines. The “D” mintmark will be clear. Mercury Dimes in Fine condition are a great choice for budget-conscious collectors who want to own the quintessential key date without paying the premium for higher grades.
Extra Fine (XF40)
Example NGC Certified 1942/41-D Mercury Dime Graded XF40
In a Very Fine condition, there is noticeable detail in Liberty’s hair and winged cap. Some individual strands of hair will be visible, though not fully sharp. The winged cap will also show more depth and separation between the wing elements. On the reverse, the fasces and axe will begin to show sharper lines. The lines running through the fasces will still be partially worn but clearly visible.
Value for Collectors: Collectors who prefer more detailed coins may target this grade as a balance between affordability and maintaining the coin’s historical aesthetics with values ranges from $6,000 to $10,000.
Almost Uncirculated (AU50)
In Almost Uncirculated condition, the 1916-D Mercury will have only light wear on the highest points of the design. Liberty’s hair and the wings on her cap will have most of their detail intact, though there may be slight wear on the highest points. The reverse will show sharp details on the fasces, with clear lines separating the bands and distinct textures on the axe. An AU50 example represents a coin that is very close to mint state but comes at a significantly lower price than a fully uncirculated example.
Certified 1916-D Mercury Dimes
Investors and collectors should strongly consider focusing on certified 1916-D Mercury Dimes when adding one to their collection.
Counterfeits are common due to the coin’s rarity and high value. Buying a coin certified by a reputable grading service like PCGS or NGC from a trusted dealer helps to ensure authenticity.
When consider this coin as an investment, third-party certified coins come with a guaranteed grade that makes it more liquid and easier to sell.
1916-D Values
Here are the general value ranges based on the coin’s condition:
The highest Mercury Dime values are for coins in Mint State (MS) condition, which exhibit no wear and retain their original mint luster.
The Denver Mint
The Denver Mint officially began coin production on February 1, 1906, with the first coins struck being $20 double eagles. The Denver Mint’s history dates back to the discovery of gold in the Rocky Mountains in 1858.
In 1860, a private mint known as Clark, Gruber & Company was established in Denver that produced territorial gold coins that were used locally.
The United States Treasury purchased the Clark, Gruber & Company mint in 1862 for $25,000. It operated as an assay office where gold could be deposited and exchanged for coins produced at other mints.
Congress authorized the establishment of a new mint facility in Denver in 1895. Construction began in 1897 and completed in 1904.
Throughout the 20th century, the Denver Mint became one of the largest producers of coins in the United States and continues to produce billions of coins annually. In addition to circulating coins, the mint produces commemorative coins, coin sets, and medals. The “D” mint mark distinguishes all coins issued by the Denver Mint.
The American quarter dollar coin, commonly referred to as the “quarter,” has been a cornerstone of U.S. currency since its initial release in 1796.
With a face value of 25 cents, or one-quarter of a dollar, the quarter has undergone several transformations in its material composition while retaining its iconic status in U.S. coinage.
Though the purchasing power of a quarter has dramatically declined it remains an essential piece of everyday transactions and a popular collector’s item.
From the inception of the quarter in 1796 until 1964, these coins were minted with a composition of 90% silver and 10% copper. This alloy was a longstanding standard for U.S. silver coinage, tracing its origins back to European traditions of using precious metals in currency. The use of silver gave these coins intrinsic value beyond their face denomination, making them both practical for trade and desirable for their precious metal content.
In 1965, the US Mint abandoned using silver for circulating coins due to rising silver prices and began issuing modern clad quarters that are still in use today.
Early American Quarters
The designs of the quarter have evolved over the years. Starting with the Draped Bust Quarter 1796, followed by the Capped Bust and Seated Liberty Designs were the mainstays of the 19th century.
1796 – Draped Bust Quarter: The first quarter was minted in 1796, featuring the Draped Bust design by Robert Scot. This design depicted Liberty with flowing hair and a draped bust on the obverse and an eagle surrounded by a wreath on the reverse.
Draped Bust Quarter
1804-1838 – Capped Bust Quarter: Following the Draped Bust design, the Capped Bust quarter was introduced. Designed by John Reich, this coin featured Liberty wearing a cap on the obverse and a simplified eagle on the reverse.
1838-1891 – Seated Liberty Quarter: The Seated Liberty design by Christian Gobrecht was used from 1838 to 1891. This design showed Liberty seated on a rock, holding a shield and a pole with a cap on the obverse, and an eagle with a shield on the reverse.
These early American quarters were minted in much lower quantities than today, making them highly sought after by collectors. Even worn and circulated Draped Bust quarters from the early 1800s can be worth $600 to $4,000 depending on the condition and year.
20th Century Quarters
1892-1916 – Barber Quarter: The Barber quarter, designed by Charles E. Barber, was in circulation from 1892 to 1916. This design featured Liberty with a laurel wreath on the obverse and a heraldic eagle on the reverse.
Even though Barber quarters are sometimes mixed with junk silver, these coins are prized by collectors. The value of common date Barber quarters can range from $10 to $15 in good condition up to around $100 in extra fine condition. Higher grades and uncirculated Barber quarters can command thousands at auction. Recently, a 1913-S Barber Quarter in Good (G4) condition realized over $2,500 at a Heritage Auctions event.
1916-1930 – Standing Liberty Quarter: Introduced in 1916, the Standing Liberty quarter was designed by Hermon A. MacNeil. It depicted Liberty standing with a shield and an olive branch on the obverse and an eagle in flight on the reverse.
Circulated Standing Liberty Quarter
The value of an early Standing Liberty quarter in circulated but good condition with a fully visible date can vary significantly based on the specific year and mint mark. The Type 1 design which showed bare breasts on the obverse, was initially shunned by the public. These coins were issued only in 1916 and early 1917 before being replaced with the Type 2 design. Type 1 Standing Liberty quarters in good condition are much rarer and in good condition are worth up to $300, while uncirculated coins typically sell for thousands at auction.
1932-Present – Washington Quarter: The Washington quarter was first issued in 1932 to commemorate the 200th birthday of George Washington. Designed by John Flanagan, this coin features a profile of Washington on the obverse and an eagle with outstretched wings on the reverse. All Washington quarters minted before 1965 are made from 90% silver and is valued based on the intrinsic value of the metal.
The current circulating coin is a derivative of Flanagan’s original design, maintaining the iconic image of Washington.
State Quarters Program and America The Beautiful Quarters
The U.S. Mint has used the quarter as a canvas for commemorative coin programs, most notably the State Quarters Program (1999-2008), which featured unique designs for each of the 50 states.
In more recent years, the Mint has continued to use quarters for other commemorative series, including the America the Beautiful Quarters series, highlighting national parks and other significant U.S. landmarks.
The programs produced billions of quarters, but within these mintages, there are notable errors and rarities that can be extremely valuable that you can look for in your change.
These error coins and varieties are often worth significantly more than their face value, making them important finds for numismatists. Below are some of the most notable and valuable error coins from both programs.
1999 Delaware Spitting Horse Error
Error Type: Die Crack
Value: $20 to over $100
This error appears as a die crack extending from the horse’s mouth on the reverse, making it look like the horse is “spitting.” Depending on the severity of the die crack, these errors can range from $20 to over $100, with some high-grade examples fetching even more.
2004 Wisconsin Extra Leaf High and Low Errors
Error Type: Die Gouge
Value: $100 to $1,500+
On the reverse of some 2004 Wisconsin quarters, there is an extra leaf on the corn stalk. There are two varieties: the “High Leaf” and the “Low Leaf.” These varieties occurred due to a die gouge. The “Extra Leaf” varieties are highly sought after and can sell for between $100 to $1,500 or more, depending on condition and grade.
1999 Georgia State Quarter Clad Layer Missing
Error Type: Missing Clad Layer
Value: $200 to $1,000
Some Georgia state quarters were struck without the outer copper-nickel clad layer, revealing the copper core beneath. This type of error significantly affects the coin’s appearance, with the quarter having a copper color. Missing clad layer errors can be worth between $200 and $1,000 depending on the severity and condition of the coin.
2020-W American Samoa Bat Quarter
Error Type: Doubled Die
Value: $50 to $200
Some of the West Point-minted 2020 American Samoa “Bat” quarters feature doubling in the letters and designs on the reverse. These quarters can range from $50 to $200, depending on the grade and extent of the doubling.
More Quarters Worth Money
1. 1916 Standing Liberty Quarter
Mint Mark: No mint mark; minted in Philadelphia.
Value: In mint state (MS) condition, it can fetch prices upwards of $25,000 to $100,000 or more, depending on the grade.
The 1916 Standing Liberty Quarter is the first year of issue for the Standing Liberty series and had a very low mintage of only 52,000 coins.
Designed by Hermon A. MacNeil, the 1916 quarter features Lady Liberty standing in a flowing gown with a shield and an olive branch.
Due to its rarity and historical significance, even lower-grade examples can fetch high prices, and mint-state specimens are extremely valuable, often selling for thousands of dollars at auction.
2. 1918/7-S Standing Liberty Quarter
Mint Mark: “S” mint mark for San Francisco.
Value: In high grades, this coin can be worth $15,000 to over $80,000.
The 1918/7-S Standing Liberty Quarter is a notable and rare error coin, featuring a prominent overdate where a “7” is struck over the original “8” in the coin’s date.
This variety was minted at the San Francisco Mint and is highly coveted by collectors due to its scarcity. In higher grades, especially uncirculated, this coin can fetch prices well into the tens of thousands of dollars.
It’s one of the most famous overdate errors in U.S. numismatics and a key date in the Standing Liberty Quarter series.
3. 1927-S Standing Liberty Quarter
Mint Mark: “S” mint mark for San Francisco.
Value: In high grades, this coin can range from $2,500 to over $30,000.
With a mintage of just over 396,000, the 1927-S Standing Liberty Quarter stands out as one of the key dates in the series.
In circulated conditions, it can be moderately valuable, but in uncirculated or high-grade conditions, its value can rise significantly, often reaching into the thousands of dollars due to its rarity and demand among collectors.
This coin is a must have for collectors aiming to complete a full set of Standing Liberty Quarters.
4. 1932-D Washington Quarter
Details: The first year of issue for the Washington quarter, designed by John Flanagan. The Denver mint had a relatively low mintage of 436,800 coins.
Mint Mark: “D” mint mark for Denver.
Value: High-grade examples can be worth between $5,000 and $30,000.
5. 1932-S Washington Quarter
Details: Another key date in the Washington quarter series with a low mintage of 408,000 coins.
Mint Mark: “S” mint mark for San Francisco.
Value: High-grade coins can range from $5,000 to $25,000.
6. 1950-D/S Washington Quarter
Details: This is a popular over mint mark variety where a “D” was stamped over an “S.”
Mint Mark: “D” over “S” for Denver.
Value: In mint state condition, it can be worth several hundred to a few thousand dollars.
7. 1964-D Washington Quarter
Details: This coin is notable for the doubled die obverse variety, where the date and lettering are doubled.
Mint Mark: “D” mint mark for Denver.
Value: High-grade examples can fetch prices in the range of several hundred to a few thousand dollars, depending on the degree of doubling.
Factors Affecting Value
Condition (Grade): Coins in mint state (MS) condition with no wear are generally more valuable. Coins are graded on a scale from 1 to 70, with higher numbers indicating better condition.
Rarity: Low mintage numbers or coins with unique features, such as errors or varieties, tend to be more valuable.
Historical Significance: Coins from significant years or first-year issues can be more sought after.
Demand: Popularity among collectors can drive up the value of certain coins.
Conclusion
These quarter dollar coins minted since 1900 are some of the most valuable due to their rarity, condition, and historical significance. Collectors and investors prize them for their unique characteristics and the stories they represent in the history of American coinage. If you own any of these coins, it is advisable to have them graded by a professional grading service to determine their condition and maximize their potential value.
Coin shows are events where coin collectors, dealers, and enthusiasts gather to buy, sell, trade, and learn about coins and other numismatic items. They are also events that will have local precious metals dealers from the Los Angeles area onsite.
In the Los Angeles area, you can usually score great deals on hard to find numismatics and collectibles and these events are essential hubs for the numismatic community with a variety of activities and opportunities. Some are small local gatherings, while others are large international conventions.
Southern California Coin Shows
Van Nuys Coin Show
June 23, 2024 – Van Nuys Coin Show – Van Nuys Masonic Hall – 14750 Sherman Way – Van Nuys, CA 91405 Directions
The Van Nuys Coin Show is a staple event for the numismatic community in the central San Fernando Valley. The exact year of its inception is not specified, but it has built a reputation over time for its consistency and the quality of its offerings.
North County Monthly Coin Show
July 7, 2024 – North County Monthly Coin Show – Embassy Suites Anaheim Hills – 3100 East Frontera, Anaheim, CA 92806
The North County Monthly Coin Show is a popular event held in Anaheim that caters to coin collectors, dealers, and enthusiasts. Investors and collectors can find a variety of dealers and sellers to buy, sell, and trade coins and other numismatic items. This show is held on the first Sunday of every month, except for months when the Buena Park Coin Show takes place.
Coinarama – San Diego
July 13-14, 2024 – Coinarama – San Diego – Liberty Station Conference Center – 2600 Laning Road – San Diego, CA 92106
Coinarama is one of San Diego’s premier coin shows, attracting coin collectors, dealers, and enthusiasts from across the region for more than 67 years. It provides a platform for buying, selling, trading, and learning about coins and other numismatic items.
Long Beach Expo
Sept 5, 2024 – Long Beach Expo – Long Beach Convention Center – 100 South Pine Ave – Long Beach, CA 90802
The Long Beach Expo has been operating since 1964, making it one of the longest-running coin shows in the country. The show has built a reputation for its high-quality exhibits and extensive range of numismatic offerings. The show is organized by Collectors Universe, the parent company of Professional Coin Grading Service (PCGS), one of the leading coin grading companies in the world.
Buena Park Coin Show
Sept 14, 2024 – Buena Park Coin Show – Retail Clerks Hall – 8550 Stanton Ave – Buena Park, CA 90620
The Buena Park Coin Show is a key event in the Southern California numismatic community. The show features over 50 dealers offering a wide range of U.S. and world coins, currency, tokens, medals, bullion, and numismatic supplies.
In mid-1982, the U.S. Mint changed the composition of the penny due to the rising cost of copper. Post-1982 pennies contain only 2.5% copper with the remainder being primarily zinc.
Collecting pre-1982 pennies can be a hobby that also serves as an investment in copper. The higher copper content in these pennies makes them more valuable as a commodity than their face value and post-1982 counterparts.
Melting down pre-1982 US pennies for their copper value is considered a form of defacing currency and is illegal in the United States.
The intrinsic value of the metal does not change the fact that thee coins are legal tender. Just like Pre-1965 junk silver, there are many advantages to having an easily recognizable coin compared to some melted scrap copper ingot.
Collecting copper mon the practicality and profitability of copper penny collecting depend on copper prices and the feasibility of sorting and storing large numbers of pennies.
Each pre-1982 penny weighs 3.11 grams. Since there are 453.592 grams in a pound, it takes about 146 pre-1982 pennies to make a pound of copper. A typical 5-gallon bucket will hold around 200 pounds of copper pennies, around 30,000 coins with a $300 face value.
In many areas, coin roll hunting for silver coins has become more difficult due to bank service cuts and closures and overall lack of availability of coinage. There are millions of Pre-1982 pennies still in circulation with a higher copper content. Take a look through your change cup and check the dates.
A bank box of pennies contains $25 face value, or 50 standard bank rolls of coins. For any practical amount of penny stacking, you might want to consider some type of automatic penny sorting system.
For those considering stacking copper pennies as an alternative investment, there are some DIY penny sorting setups available through both eBay and Amazon. These devices operate by comparing the weight of a sample coin to those passing through the mechanism.
If you’re still skeptical about the intrinsic value of pre-1982 copper pennies, have a search through some auctions and past sales on eBay to get a sense of the growing market.
Before 1965, U.S. dimes were minted with an alloy containing 90% silver. These coins, often called “junk silver,” derive their value primarily from their silver content rather than numismatic value.
Identifying Silver Dimes
The most straightforward way to identify a silver dime is by its minting date. All dimes dated 1964 or earlier are minted with 90% silver.
Reeded Edge of a Pre-1965 Silver Dime
Additionally, when viewed from the side, silver dimes will have a solid silver appearance along the edge with no visible copper line. Modern clad dimes (post-1965) have a copper edge visible from the side.
Mercury Silver Dimes (1916-1945)
The Mercury Silver Dime was continuously minted by the U.S. Mint from 1916 until 1945. These coins feature Lady Liberty on the obverse wearing a Phrygian cap, which is often mistaken for the Greek God Mercury due to the winged hat.
Design: The Mercury Dime, officially known as the Winged Liberty Head dime, features Lady Liberty wearing a Phrygian cap with wings on the obverse. This design is often mistaken for the Roman god Mercury, hence the name.
Composition: Each dime contains 90% silver and 10% copper.
Historical Significance: Designed by Adolph A. Weinman, the Mercury Dime is considered one of the most beautiful U.S. coins.
Mercury Dime Key Dates
1916-D
1916-D Ten Cent Mercury Dime in Good Condition
Mintage: 264,000 Denver Mint
Significance: Exceptionally low premier mintage of the Mercury dime from the Denver Mint.
Value: Scarce and highly sought after by collectors. Coins in circulated but good condition can command up to $1,000. While graded Mint State 1916-D, Mercury Dimes can fetch over $35,000.
1921 and 1921-D
Mintage: 1,230,000 (Philadelphia) and 1,080,000 (Denver)
Significance: The 1921 and 1921-D are low mintage years due to reduced coin production during the post-World War I economic slump.
Value: These dimes are scarce and command high prices, especially in uncirculated conditions.
Significance: These overdated coins show a “1” underneath the “2” in the date. They are rare and highly prized by error coin collectors.
Value: Values can range significantly based on condition, often starting at several hundred dollars and going up into the thousands.
Silver Roosevelt Dimes (1946-1964)
The Roosevelt Silver Dime was introduced in 1946 and was minted with a 90% silver alloy until 1964. Beginning in 1965, the clad Roosevelt Dime, which is still in use today, was introduced.
1946 Roosevelt Silver Dime
Design: Introduced in 1946, the Roosevelt Dime honors President Franklin D. Roosevelt. The obverse features his portrait, designed by John R. Sinnock.
Composition: Like the Mercury Dime, it contains 90% silver and 10% copper.
Introduction Reason: The dime was introduced shortly after Roosevelt’s death as a tribute to his legacy, particularly his role in founding the March of Dimes.
Roosevelt Dime Key Dates
1949-S
Mintage: 13,510,000
Significance: The 1949-S is a key date because of its relatively low mintage compared to other Roosevelt dimes.
Value: In high grades, this coin can be pretty valuable.
1950-S
Mintage: 20,440,000
Significance: Another semi-key date due to its lower mintage and the demand from collectors.
Value: Prices vary based on condition, but it is more valuable than most other dates in the series.
1951-S
Mintage: 31,630,000
Significance: This year’s mintage was higher than 1949-S and 1950-S, but it is still considered a key date due to collector demand.
Value: Similar to the 1950-S, it holds a premium in higher grades.
Like all 90% silver U.S. coinage, silver dimes are sometimes called “junk silver.” This term is adopted from the coin-collecting industry for coins with little to no numismatic value. Their value lies strictly in the silver content.
Junk silver dimes are a great way to start investing in silver. They are fractional, and you can buy them close to the spot price.
Barber Dimes (1892–1916)
The Barber Dime is a historically significant ten-cent coin featuring a classic design minted by the United States Mint from 1892 to 1916. It is named after its designer, Charles E. Barber, who designed the Barber Quarter and Half Dollar. The U.S. Mint chose Barber’s design after a public competition failed to yield a winning design.
Composition: 90% silver, 10% copper
Silver Content: 0.07234 troy ounces of pure silver
The Barber Dime was minted from 1892 until 1916. It is named after its designer, Charles E. Barber.
Although not universally praised for its artistic appeal, the Barber dime became a staple of U.S. coinage during the late 19th and early 20th centuries.
Barber Design
The obverse features a profile of Lady Liberty wearing a Phrygian cap and a laurel wreath. The inscription “UNITED STATES OF AMERICA” surrounds the portrait, with the minting year at the bottom.
The reverse has a simple design with the words “ONE DIME” in the center, surrounded by a wreath of agricultural products that include wheat, corn, and oak.
Barber Dimes are widely collected due to their historical significance and relatively short production run. While most dates are expected and affordable in circulated conditions, critical dates like the 1894-S and well-preserved coins in higher grades can be pretty valuable.
Modern Silver Proof Dimes
Since 1992, the U.S. Mint has produced silver Proof Sets containing 90% silver Roosevelt Dimes for collectors.
Modern Silver Proof Dimes are special edition coins that differ from the regular circulating dimes in terms of their metal content and production method. They feature a composition of 90% silver and are struck with a high-quality proof finish. These are produced at the San Francisco Mint and bear the “S” mint mark.
High-grade proof dimes graded PR69 or PR70 by professional services like PCGS or NGC are more valuable to collectors.
Silver Dimes in Circulation
The U.S. Mint debuted the Roosevelt Dime in 1946. Billions of silver dimes were minted up until the debasement began in 1965. While many have been smelted for their melt value over the years, plenty are still available in the wild.
The easiest way to tell if you have a silver dime is by looking at the date. All dimes that were minted prior to 1965 contain 90% silver content. If your dime is from 1964 or earlier, it is silver.
Coin roll hunting can be a great way to find silver dimes, depending on the availability of unsearched bankrolls in your area.
Silver Dime Values
At the very minimum, a silver dime is worth its weight in silver. A 90% silver dime has an overall gross weight of around 2.5 grams. Therefore, it has roughly .0715 ozt of silver. Based on the spot price, the intrinsic value of silver is far more than its face value, which is the primary reason the government stopped using silver and switched to clad coins.
An easy way to estimate the value of your silver dimes is to know that each $1.00 Face Value, or ten silver dimes, contains .715 troy ounces of silver. This is a commonly accepted weight that takes into consideration some wear and tear from circulation.
For more information about which silver dimes may be key dates and have some numismatic value.
You can easily compare online dealer prices for 90% silver dimes:
Cleaning old coins is a topic that often divides coin collectors and numismatists. Generally, experts advise against cleaning coins, as doing so not only removes the patina, it can also scratch their surface and will most likely diminish their value, especially for collectible or antique coins.
Coin collectors and numismatists prefer coins with their original, uncleaned surfaces.
However, if you have circulated 90% junk silver coins that you wish to clean for personal enjoyment and are not concerned about their collectible value, there are a variety of gentle methods you can use.
The simplest and least invasive method is to use soap and warm water. Soak the coins in warm water with a mild dish soap like Dawn and then gently rub them with your fingers or a soft cloth. Avoid using any abrasive materials that can scratch the coin.
For coins with heavy buildup, an olive oil soak can sometimes loosen grime over time. Place the coins in a container filled with olive oil and leave them for a week or longer. This method is very slow and can take quite a while to show results.
Vinegar and Salt can be used for cleaning base metal coins such as common modern pennies. Mix vinegar with a teaspoon of salt and soak the coins in the solution for a few minutes before rinsing them thoroughly with distilled water. Be aware that this can potentially damage the coin’s surface and is not recommended for valuable or antique coins.
Electrolysis is often used by professionals and involves passing an electric current through a solution with the coin as an electrode. It can be effective but also risky, and should not be attempted without proper knowledge and equipment.
There are a variety of commercial products in the form of liquids, foams and creams specifically designed for silver cleaning. For really grimy 90% junk silver, cleaning creams like Wrights Silver Cleaner, available from Amazon, often produce excellent results when used with a soft cloth. If you decide to use one of these, follow the instructions carefully.
If you have old coins that may collectible value, it’s best to consult a professional before attempting any cleaning. Professional conservation involves techniques and substances that are not readily available to the public and is performed by experts with an understanding of the chemistry of coins and the effects of various cleaning methods.
Always test any cleaning method on a coin of little or no value before attempting it on anything more valuable. And remember, if a coin is valuable or if you’re unsure of its value, it’s best to leave the cleaning to the professionals.
All dates and prices are subject to change by the United States Mint and some on-sale dates may experience delays without prior notice due to limited resources. Additional products may be added to the schedule at any time and updates will be posted as they become available.
Release Date
Product
January 4, 2024
Commemorative Coin Program Harriet Tubman 2024 – Proof Five-Dollar Gold Coin (24CJ) – Proof Half Dollar (24CN) – Proof Silver Dollar Coin (24CL) – Three-Coin Proof Set (24CR) – Uncirculated Five-Dollar Gold Coin (24CK) – Uncirculated Half Dollar (24CP) – Uncirculated Silver Dollar Coin (24CM)
