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October 27, 2024October 28, 2024

Collecting Numismatic Half Dollar Coins

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While many investors buy silver coins for the intrinsic worth, some half dollar coins carry significant numismatic value that can enhance a tangible asset portfolio.

In this article, we will explore the rich history of U.S. Mint half-dollar coins and highlight some of the most valuable examples from different eras.

The U.S. Mint Half-Dollar

Although they are used less often today, the half-dollar coin has been a cornerstone of American currency since its introduction in 1794. Over the centuries, it has undergone numerous changes. From the early Flowing Hair and Draped Bust designs to the more familiar Walking Liberty and Franklin halves.

1794 Flowing Hair

The 1794 Flowing Hair half dollar holds a notable place in American numismatic history as the first half dollar coin issued by the U.S. Mint.

The age and scarcity make 1794 Half Dollar valuable among collectors.

As an example of how the condition can effect the value, a specimen in VF35 condition sold for over $50,000 in a Heritage Auctions event, while a 1794 Half Dollar graded NGC AU55 sold for roughly $150,000 at a Stack’s Bowers auction.

Draped Bust (1796–1807)

The Draped Bust Half Dollar was one of the earliest half-dollar designs. It features a portrait of Liberty with flowing hair draped in cloth on the obverse and an eagle on the reverse.

1806 Draped Bust Half Fine Condition — 1806 Draped Bust 50 Cent Coin with Fine Details

There are two sub-types within the Draped Bust series. The “Small Eagle Reverse” was produced from 1796 until 1797 and shows a small eagle within a wreath on the back.

blank — 1801 to 1807 Half Dollar Heraldic Eagle Reverse

The “Heraldic Eagle Reverse” was minted from 1801 to 1807, featuring a more prominent, heraldic-style eagle with a shield.

The Draped Bust with 15 stars is a rare variant. A PCGS VF30 1797 Draped Bust 50 Cent Piece fetched around $100,000, while another in NGC XF40 condition sold for over $200,000.

Capped Bust (1807–1839)

Introduced in 1807, the Capped Bust half dollar depicts Liberty wearing a Phrygian cap on the obverse and an eagle with a shield on the reverse.

The Capped Bust Series also features two subtypes. The “Lettered Edge” type was issued from 1807 until 1836, featuring the face value inscribed around the edge with the phrase “FIFTY CENTS OR HALF A DOLLAR.”

Capped Bust 50 cents Reverse — Capped Bust 50 c Reverse

The “Reeded Edge” type was introduced in 1836 and issued until 1839. This variety introduced the modern reeded edge and slight design modifications.

The 1838-O is significant as the first half dollar coins minted in New Orleans. With fewer than 20 known examples, one sold for $493,500 at a Stack’s Bowers auction in 2008, and another worth $632,500 at a Heritage Auctions event in 2015.

Seated Liberty (1839–1891)

The “Seated Liberty” features Liberty seated on a rock, holding a shield and a liberty pole with a cap. The reverse shows an eagle clutching arrows and an olive branch.

There are three distinct varieties in the Seated Liberty Series. The “No Motto” type was minted without the “IN GOD WE TRUST” motto until 1865.

Arrows were added to the date from 1853 to 1855 and again from 1873 to 1874 to indicate a change in the weight and composition. The motto “IN GOD WE TRUST” was added on a ribbon above the eagle after the Civil War. The “With Motto” type was minted from 1866 to 1891.

Barber Half Dollar (1892–1915)

Designed by Charles E. Barber, the Barber Half Dollar coins feature a classical depiction of Liberty wearing a Phrygian cap and laurel wreath on the obverse and an eagle clutching arrows and an olive branch on the reverse.

The heraldic eagle is similar to the Great Seal of the United States.

Key Date Barbers

Date	Notes	Value Range in Circulated Grades
1892-S	The first year of the Barber half dollar series from the San Francisco Mint.	$125 – $32,000
1893-S	Another lower mintage.	$100 – $2,500
1896-O	Low mintage from New Orleans Mint.	$50 – $115,200
1896-S	Low mintage from San Francisco Mint.	$300 – $1,500
1897-O	Most examples from New Orleans are heavily circulated and can be difficult to find in higher grades.	$120 – $700
1901-S	Scarce in all grades, with uncirculated coins commanding significant premiums.	$150 – $800
1904-S	Another low-mintage coin that is rare in higher grades.	$120 – $700
1913	One of the lowest mintages in the series, making it valuable across all conditions.	$100 – $500

Walking Liberty (1916–1947)

Minted from 1916 until 1947, the Walking Liberty is considered to be one of the most beautiful U.S. coin designs. Designed by Adolph Weinman, the obverse depicts Lady Liberty striding toward the sunrise, draped in the American flag, holding laurel and oak branches symbolizing civil and military glory. The reverse features a majestic eagle perched on a mountain pine sapling.

1946 Walking Liberty Half Obverse and Reverse — 1946 Walking Liberty Half

The 1921-S Walking Liberty stands out as a key date due to its low mintage of just 548,000 coins. During recent auction events, a PCGS MS65 graded coin sold for $188,000. Another, graded NGC AU58, realized $12,000 in a recent sale.

Date	Notes	Value Range
1916-S	As an early issue, the 1916-S has a lower mintage compared to its Philadelphia counterpart
1917-D and 1917-S Obverse Mintmark	In 1917, the mintmark was moved from the obverse to the reverse. Coins with the mintmark on the obverse are scarcer and more sought after by collectors.
1919-D and 1919-S	These coins have low mintages and saw heavy circulation.
1921, 1921-D, 1921-S	The 1921 issues are key dates in the series with very low mintages. The 1921-D is particularly scarce in higher grades, making it one of the most valuable coins in the series.
1938-D	Although later in the series, the 1938-D has a low mintage and is considered a semi-key date.

Walking Liberty Key Dates

The 1938-D had a mintage of only 491,600, making it the lowest mintage among the late-date half dollar coins in the series. In auction sales, a PCGS MS68 graded coin sold for $14,100 in 2018. Another example, graded MS67, realized $4,935 at a Heritage Auctions event.

Franklin Half Dollar Coins (1948–1963)

John R. Sinnock designed this coin featuring Founding Father Benjamin Franklin on the obverse and the Liberty Bell on the reverse. The small eagle to the right of the Liberty Bell was included to fulfill the legal requirement of depicting an eagle on silver coins.

Value Ranges of Franklin Key Dates

Date	Notes	Value Range
Full Bell Lines (FBL)	Franklins are more valuable when they exhibit Full Bell Lines on the Liberty Bell’s image on the reverse.
1949-S	Known for weaker strikes, making FBL coins scarce and more valuable.
1950-D	Another issue where FBL coins are harder to find, increasing their desirability among collectors.
1951-S	Perhaps the most challenging date to find with Full Bell Lines.
1953-S	Notorious for weak strikes, making FBL coins extremely rare and valuable.
1955 “Bugs Bunny” Variety	A die clash error gives Franklin the appearance of buck teeth, resembling Bugs Bunny.
Proof Cameo Coins (1961 and 1962)	Proof coins with strong cameo contrasts are scarce. Cameo proofs from these years are more valuable than standard proofs.

Early proof Franklin half dollar coins with deep cameo contrasts are scarce. In recent auctions, a PR68 Deep Cameo coin sold for $22,325 in 2017. While another, graded PR67 Deep Cameo, realized $7,050.

Kennedy (1964–Present)

Quickly introduced after President John F. Kennedy’s assassination in 1963, the obverse was designed by Gilroy Roberts and features a portrait of Kennedy. The reverse displays the Presidential Seal, which Frank Gasparro created.

Kennedy Half Dollar Key Dates and Values

Key Date	Notes	Value Range
1964 Accented Hair Proof	This variety features extra hair detail above President Kennedy’s ear. Only initial proof strikes before a design modification.	Proof: $200 MS67: over $1,500
1964-D Doubled Die Obverse (DDO)	Error coin with noticeable doubling on the obverse inscriptions around in “WE TRUST” and the date.	Circulated: $50 to $100. MS65 $500 to $1,000.
1970-D	Lowest mintage circulation issue. Issued only in mint sets.	Uncirculated: $15 to $35 MS67: up to $150.
1970-S Proof	Low mintage proof.	PR65: $15 Higher grades:up to $50
1974-D Doubled Die Obverse (DDO)	Features doubling on the obverse inscriptions around “IN GOD WE TRUST” and “LIBERTY.”	Circulated Grades: $15 to $30. MS65: up to $150 MS67: up to $500.
1987-P and 1987-D	Only available in mint sets.	Circulated: $2 and $5. Uncirculated: $15 MS67: up to $50.
1998-S Matte Finish	Part of the special Robert F. Kennedy commemorative set.	PR65: around $500 PR67: $800.
2014-W 50th Anniversary Gold Proof	A special issue struck in 3/4 oz of .9999 fine gold to commemorate the 50th anniversary of the Kennedy half dollar.	$2,500 to $3,500

The “Accented Hair” variety of the 1964 Kennedy half dollar was part of the initial proof strikes. It is believed that Jacqueline Kennedy requested the mint soften the hair details leading to a design change after some coins were minted. In terms of auction sales, a PR70 Deep Cameo example sold for over $20,000, while a PR69 Deep Cameo coin realized $3,055 at a Heritage Auctions event.

Conclusion

Investing in numismatic silver half dollars offers the dual benefit of owning tangible assets with intrinsic silver value and the potential for appreciation. While most circulated coins like the 1964 Kennedy, Franklin, and Walking Liberty half dollars are popular for their silver content, those with rare dates, mint errors, and high-grade specimens are worth significantly more. As always, thorough research and consultation with reputable dealers are essential when venturing into numismatic investments.

October 26, 2024October 26, 2024

The Most Valuable Barber Quarter

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The most valuable quarter of the Barber series is the 1913-S Barber Quarter. This coin is renowned for its scarcity, low mintage, and historical significance, making it one of the most prized coins in U.S. numismatics.

What Is the Barber Quarter Series?

The Barber coinage series includes dimes, quarters, and half dollars minted from 1892 and 1916. These coins, designed by Charles E. Barber, Chief Engraver of the U.S. Mint, feature Lady Liberty on the obverse, wearing a Phrygian cap and laurel wreath, while the reverse displays an eagle with outstretched wings. Barber quarters are collectible for the simplicity of their design.

The 1913-S: Most Valuable Barber Quarter

With only 40,000 coins minted, the 1913-S Quarter has the lowest mintage of any regular-issue. Combined with its limited survival rate makes it a treasure among collectors. The value of the 1913-S can range from $2,000 in even low grades to more than $60,000 in the highest grades.

1913-S Barber Quarter MS66 Value $50,000 to $60,000 — 1913-S Quarter Dollar PCGS MS66 CAC Value Range: $50,000 to $60,000

Why Is This Coin Famous?

The 1913-S Barber Quarter is famous due to its scarcity, especially in higher grades. With only 40,000 coins minted, many were lost or heavily circulated, making well-preserved examples extremely rare. As the last coin minted in San Francisco before the series ended in 1916, it represents a final chapter in Barber coinage history.

1913-S Barber Quarter Values

Condition	Value
Good (G-4)	$2,000 – $2,500
Very Fine (VF-20)	$4,000 – $5,000
Extremely Fine (EF-40)	$10,000 – $12,000
About Uncirculated (AU-50)	$18,000 – $20,000
Mint State (MS-60)	$25,000+
Mint State (MS-65)	$50,000 – $60,000

Other Barber Quarters Worth Thousands

Several other quarters from the Barber era are also highly valuable, especially in high grades:

1. 1896-S Barber Quarter

The 1896-S Quarter is valuable because of its low mintage; few high-grade examples have survived. Along with the 1901-S and 1913-S, it is one of the “Big Three” rare Barber Quarters.

Mintage: 188,039

Condition	Value
Good (G-4)	$1,000
Very Fine (VF-20)	$2,000
Extremely Fine (EF-40)	$5,000
About Uncirculated (AU-50)	$10,000
Mint State (MS-60)	$15,000+
Mint State (MS-65)	$30,000+

1896-S Barber Quarter Values. Known for its low mintage and rarity, especially in mint condition.

1901-S Barber Quarter

The 1901-S Quarter is often considered the “holy grail” of a collection. Only 72,664 coins were minted in San Francisco, making it the lowest mintage Barber Quarter of any regular issue.

Many surviving examples are well-worn due to heavy circulation, and finding higher-grade examples makes it one of the most challenging coins to acquire.

Condition	Value
Good (G-4)	$4,000
Very Fine (VF-20)	$8,000
Extremely Fine (EF-40)	$20,000
About Uncirculated (AU-50)	$40,000
Mint State (MS-60)	$50,000+
Mint State (MS-65)	$100,000+

Values Table for the 1901-S Barber Quarter

3. 1914-S Quarter

While it doesn’t reach the legendary status of some others, the 1914-S Barber Quarter is highly sought after due to its low mintage.

Out of the 264,000 coins minted at the San Francisco Mint, many of these quarters saw heavy circulation and their features worn away. Low mintage and high demand among collectors make it a valuable coin.

Condition	Value
Good (G-4)	$200
Very Fine (VF-20)	$500
Extremely Fine (EF-40)	$1,200
About Uncirculated (AU-50)	$3,000
Mint State (MS-60)	$5,000+
Mint State (MS-65)	$10,000+

Why Were Barber Quarters Minted in 90% Silver?

At the time, U.S. quarters were minted in 90% silver as part of a standard precious metal composition for circulating coinage. This silver content helped stabilize the coins’ intrinsic value and ensured durability.

Over decades of circulation, most Barber Quarters have become extremely worn, with details on Lady Liberty and the reverse eagle barely visible.

Coins in slick or extremely worn conditions are less collectible. However, each has roughly 0.1808 troy ounces of silver, giving them intrinsic value tied to the silver spot price. Because of this, they are often bought and sold by bullion investors for their melt value as a way to accumulate “junk silver” without paying high premiums.

Conclusion

These Barber Quarters represent some of the rarest and most valuable coins in the series, especially prized in high grades due to their low mintages and survival rates. Collectors highly value these coins for their beauty, historical significance, and the rarity that comes with limited production and heavy circulation.

September 16, 2024October 23, 2024

Rare 1996-W Dime Values and other Roosevelt Dimes Worth Money

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Roosevelt Dimes have been a staple of American coinage for nearly 80 years. These ten-cent pieces are not just everyday change; they can also be hidden treasures for coin collectors. Beyond their silver content is an assortment of rare editions, mint errors, and low mintage years, with some Roosevelt dimes worth a hefty price on the market.

The Roosevelt Dime, introduced in 1946, was a tribute to Franklin Delano Roosevelt, the 32nd President of the United States, whose efforts during the Great Depression and World War II left a lasting legacy.

Roosevelt was also deeply involved in the March of Dimes, a campaign dedicated to fighting polio. This disease had personally affected him. The U.S. Mint issued the Roosevelt Dime, in honor of his work and life to forever immortalize his image on the nation’s 10-cent coin.

Collecting Roosevelt Dimes

While the Roosevelt Dime may not be the rarest coin in U.S. history, it offers collectors numerous opportunities to discover valuable pieces, especially those minted in silver from 1946 to 1964.

Roosevelt dimes have a rich history and relatively consistent design and are still in circulation today. If you start looking through your change, you could potentially find a rare dime in your pocket. Coin collecting can be more than a hobby; it can become a passion that combines history, art, and treasure hunting.

Roosevelt Dime History

The Roosevelt Dime was first struck on January 30, 1946, just a year after FDR’s death—what would have been his 64th birthday. Designed by Chief Engraver John R. Sinnock, the obverse features a left-facing profile of Roosevelt, while the reverse displays a torch flanked by olive and oak branches, symbolizing peace and strength.

Roosevelt’s role in establishing the March of Dimes made the choice of placing him on the dime natural. The slogan for the March of Dimes, a public health campaign founded in 1938, inspired millions of Americans to donate dimes to support the fight against polio.

Roosevelt Dime Values

Roosevelt Dimes minted between 1946 and 1964 contain 90% silver, making their value largely dependent on the price of silver. Roosevelt Silver Dimes are often sold in bulk as junk silver, but higher-quality examples can fetch a premium.

Common dated silver dimes in circulated condition typically sell for about $2 to $3, depending on the current silver market.

In better condition (XF or AU), these dimes can sell for $3 to $6, especially if they exhibit sharp details and minimal wear.

Roosevelt silver dimes minted from 1946 to 1964 that are heavily circulated, scratched, bent, or worn are worth silver melt value.

Key Dates and Valuable Dimes

While billions of Roosevelt Dimes have been minted since 1946, a few key dates stand out due to their rarity or historical significance.

1949-S Roosevelt Dime

With a relatively low mintage of 13.5 million, the 1949-S is a crucial date in the series. In Mint State condition with Full Bands (a designation that indicates a sharp strike with fully visible horizontal bands on the torch), this coin can be worth $65 to $100 in circulated grades. The most valuable 1949-S Dime was sold at auction in 2022 for $6,000.

1950-S Roosevelt Dime

Another scarce date, the 1950-S, has a similar low mintage of just over 20 million coins. In MS66 with Full Bands, it is valued at around $35.

1951 Proof Deep Cameo (DCAM)

Proof dimes from the early 1950s, especially those in Deep Cameo condition, can fetch a significant premium. A 1951 Roosevelt Dime in PR68 Deep Cameo sold for $23,500 at auction.

1964-D Doubled Die Reverse

One of the rarer doubled die varieties in the Roosevelt Dime series, the 1964-D Doubled Die Reverse can be worth $300 or more, depending on the condition.

1996-W Roosevelt Dime

This coin, struck at the West Point Mint to recognize the Roosevelt Dime’s 50th anniversary, was only available in Mint Sets. In high grades, it can fetch between $10 and $45.

Factors That Affect Value The Most

Understanding which Roosevelt dimes are valuable requires knowledge of several primary factors:

Mint Errors: Mistakes made during minting can make a coin rare.
Low Mintage Years: Years with fewer coins produced can add scarcity.
Condition: Coins in better condition (higher grades) often command higher prices.

Roosevelt Dime Error Coin Values

Out of the billions of Roosevelt Dimes issued over the years, coins with mistakes and errors are bound to occur. Mint errors can significantly elevate the worth of a Roosevelt dime. These errors might include misstrikes, off-center strikes, or double dies. Below is a table listing some notable mint errors and their approximate market values.

Error Type	Description	Estimated Value ($)
Double Die	Duplicate images on the coin	$50 – $1,000
Off-center Strike	Coin struck off-center	$30 – $500
Broadstrike	Coin broader than usual	$20 – $200
Clipped Planchet	Portions of the coin missing	$10 – $150
Mule Error	Coin struck with mismatched dies	Over $1,000

Notable Dime Error Coins

1975 No-S Proof Dime

GreatCollections Auction 1975 No S Dime PR67 CAC — 1975 No-S Proof Dime

The 1975 No-S Proof Dime is among the rarest and most valuable modern U.S. coins. It is a proof dime struck at the San Francisco Mint, usually including an “S” mint mark for proof coins. However, a few 1975-proof dimes were produced without this “S” mint mark due to a minting error, making them highly sought after by collectors.

This coin is among the rarest and most valuable error coins in the Roosevelt Dime series. Only two examples of this proof dime exist; one sold for $456,000 at auction in 2019.

1982 No P Mint Mark

1982 No-P is the first instance where the Philadelphia Mint accidentally produced a coin without its mint mark.

Usually, dimes struck at the Philadelphia Mint after 1980 bear a “P” mint mark on the obverse (front) of the coin, just above the date.

1982 "No P" 10C Roosevelt Dime NGC MS63 — 1982 “No P” 10C Roosevelt Dime NGC MS63

In 1982, some Roosevelt Dimes were accidentally struck without the “P” mint mark. Circulated 1982 No-P dimes can be worth between $50 and $200, depending on the condition. Uncirculated, they can range between $200 and $400, with higher-grade examples (MS65 or better) commanding up to $500 or more, depending on the strength of the strike.

1965 Silver Planchet Dime

The 1965 Silver Planchet Roosevelt Dime was minted during a significant transitional period for U.S. coinage. Starting in 1965, the U.S. Mint switched from silver to a copper-nickel-clad composition for dimes, quarters, and half dollars.

However, some dimes were mistakenly struck on leftover 90% silver planchets from 1964, making these error coins highly desirable among collectors.

The 1965 Silver Planchet Dime is a highly sought-after error coin, with value varying depending on condition and demand. Typically, these coins can be worth $4,000 to $7,000 in circulated condition, while mint-state or uncirculated coins can fetch $7,000 to $10,000.

In 2019, a 1965 Silver Planchet Roosevelt Dime graded MS62 by PCGS sold for $9,000. Higher-grade examples have sold for over $10,000 at auctions.

1969-D Repunched Mint Mark

Some 1969-D dimes display a repunched mint mark, which occurs when the mint mark is applied to the coin’s die more than once in slightly different positions. If the mint mark punch shifted slightly or was struck more than once, it would result in a repunched mint mark.

RPM errors were more common before the mid-1980s when mint marks began to be applied to the master hub instead of individually punched onto each die.

The value of a 1969-D RPM Roosevelt Dime depends on the coin’s condition and the visibility of the punch. For coins in circulated condition, values can range from $10 to $25, while uncirculated coins are worth between $50 and $75. Higher-grade examples, depending on the error coin’s condition and extensiveness, can be worth $100 to $1,500.

1999-D Broad Struck on a Cent Planchet

The 1999-D Roosevelt Dime Broad Struck on a Cent Planchet is a notable and rare error coin. The Roosevelt Dime design was mistakenly struck on a copper planchet intended for a cent (penny) rather than the usual copper-nickel-clad planchet for dimes.

The coin will have the design of a Roosevelt Dime, but its size and weight will differ because it was struck on a larger copper cent planchet. This results in a broad strike, where the design does not fit properly on the smaller or larger planchet and appears stretched or incomplete, especially near the edges.

This type of mint error is known as a wrong planchet error, and it results in a very unusual and collectible coin. Only a few of these coins exist; they can sell for $6,000 or more.

Certified Roosevelt Dime Values

Certified coins graded by reputable companies like the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC) can significantly increase the value of a Roosevelt Dime. High-grade coins with Full Bands or Full Torch designations are particularly desirable among collectors.

For example, a 1950 Roosevelt Dime graded PR68 Deep Cameo by PCGS sold for $18,800. Similarly, a 1956 Proof Deep Cameo dime in PR69 fetched $19,975 at auction. These high-grade, certified coins are often seen as investments, as their value tends to appreciate over time.

Coin Grading and Condition

The coin’s condition is the largest factor in determining its value. Grading is usually done on a scale from 1 to 70, with higher numbers indicating better preservation and fewer signs of wear.

Grade	Description	Market Value Impact
G4	Good	Low base value
VG8	Very Good	Slight increase
F12	Fine	Moderate increase
VF20	Very Fine	Considerable increase
EF40	Extremely Fine	High market value
MS65	Mint State	Maximum market value

September 11, 2024September 14, 2024

Rare 1975-S No S Proof Roosevelt Silver Dime to be Auctioned Next Month

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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.

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.

July 15, 2024October 16, 2024

1916-D Mercury Dime Values, and Other Valuable Dimes

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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 Mercury Dime Obverse and Reverse Designs — 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)

Example of a 1916 Mercury Dime in Circulated, but Good or Fine condition — 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)

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:

Good (G-4): $800 – $1,000 (APMEX)
Very Good (VG-8): $1,200 – $1,500 (APMEX)
Fine (F-12): $2,000 – $3,000 (CoinWeek)
Very Fine (VF-20): $3,500 – $5,000 (LandofCoins)
Extremely Fine (EF-40): $5,500 – $7,000 (USACoinBook)
About Uncirculated (AU-50): $10,000 – $20,000 (BullionShark)
Mint State (MS-60 to MS-65): $15,000 – $35,000+ (PCGS)

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.

September 16, 2023September 30, 2024

Cashing Out When You Sell Coins

FindBullionPrices.com

Finding a box of old coins in the attic can be an exciting discovery, but deciding when and how to sell them can be complex. Whether you’re a novice or a seasoned coin collector, it’s crucial to understand the market dynamics and have a strategy for divestment. This guide provides insights into the best practices for selling your coins, from research and valuation to finding the right buyers and understanding tax implications.

Steps to Take Before You Sell Coins

Sort and Catalog Your Collection

Begin by sorting and cataloging your coin collection. Many collectors will organize the coins by denomination, country of origin, and year and will use a spreadsheet or coin collecting software to make it easy to sort and organize and provides a way to take notes of any unique traits or properties.

Research Resources

Research the coins you have using books, online resources, or contact local dealers to seek professional coin appraisals. Look for information on coin values, rarity, and historical significance.

Numismatic books and catalogs that focus on the specific type or era of coins often contain historical information, mintages, and pricing data. Coin guides and price guides that are commonly referenced in coin stores, pawn shops, and by coin dealers such as the “Red Book”, a Guidebook of United States Coins, are available from Amazon and other bookstores. This is one of the most widely used reference books by coin collectors and numismatists and provides detailed information and price estimates for thousands of different coins.

Additionally, online resources, such as Numista.com, FindBullionPrices.com, PCGS, and NGC offer extensive databases and can provide additional insights into coin values, history, mintages, composition, circulation and other worthwhile information. You can search by country, type, year, and denomination to find information about your coin.

Numismatic forums like Coin Community Forum and Collectors Universe are excellent places to ask questions, share photos, and learn from experienced collectors.

Local coin shows and coin club meetings can help you meet other collectors who share a similar passion for collecting. These events are excellent opportunities to meet knowledgeable collectors, dealers, and experts who can provide information and guidance.

Once you’ve identified your coins, determine their approximate value. Keep in mind that a coin’s condition (graded on a scale from poor to mint state) has a significant impact on its worth.

Reputable coin dealers in your area can offer insights, appraisals, and information about the coins in their inventory.

For rare or valuable coins, consider getting a professional appraisal that can provide you with a more accurate assessment of your coin’s value.

Estimating Coin Values

Condition and Grading

Many older coins have been in circulation and have suffered wear and tear. For both collectors and investors, the condition of a coin can make the difference between a piece being worth its intrinsic metal value or thousands of dollars more.

Coins that remain in mint state (uncirculated) or proof condition are rarer because fewer have survived in such pristine condition and are more desirable to collectors.

Even common-date coins can carry a significant premium if they are in exceptional condition, particularly with coins that exhibit rare features such as Franklin Half Dollars with Full Bell Lines (FBL) or Deep Cameo on proof coins.

Places to Sell Coins and Find the Right Buyer

Visit local coin shops or contact coin dealers who specialize in your type of coins. They can provide offers based on their expertise.

Websites like eBay, Heritage Auctions, and GreatCollections allow you to list your coins for sale. Be prepared to handle shipping and potential fees.

When selling your coins, set a reasonable and competitive price based on their condition and market demand. Research recent sales of similar coins to gauge their market value.

Understand that dealers will be knowledgeable about current coin values, so be realistic in your expectations and have some understanding of the current market value.

Local Coin Shops and Dealers

One of the easiest ways to sell your coins is by visiting local coin shops or contacting coin dealers who specialize in your type of coins. These dealers have extensive knowledge and can provide you with an offer based on their expertise.

Keep in mind that coin shops often offer slightly less than full market value since they need to resell the coins for a profit. To ensure you’re getting a fair price, consider visiting multiple shops to compare offers.

Online Auctions and Selling Platforms

Websites like eBay, Heritage Auctions, and GreatCollections provide platforms where you can list your coins for sale. These sites allow you to reach a large audience of potential buyers, but be prepared to handle the logistics.

You’ll need to manage shipping, customer inquiries, and any associated fees that the platform may charge. For instance, eBay charges final value fees, while auction houses take a commission on sales. Before listing, it’s a good idea to research completed sales of similar coins to set a competitive price.

Online forums and communities such as Reddit and CoinTalk offer spaces where you can connect with other coin enthusiasts. These platforms are useful for getting advice, discussing the value of your coins, and even finding potential buyers.

Although these forums are less formal than auction houses or online marketplaces, they can be a valuable resource for learning more about the coin market and connecting with other collectors.

Coin Shows

Coin shows are a great way to connect with dealers and collectors in person. These events provide the opportunity to showcase your coins and negotiate directly with potential buyers.

Keep in mind that most dealers at coin shows are very knowledgeable about current coin values, so it’s important to set realistic expectations. Before attending, familiarize yourself with the market value of your coins to ensure you are prepared for negotiations and don’t sell for less than their worth.

Attend coin shows in your area where you can meet dealers and collectors interested in your coins. Understand the current market value to set realistic expectations.

Consignment Auctions

If you have rare or valuable coins, consigning them to a reputable auction house can be a smart move. Many auction houses specialize in rare coins and have a broad network of collectors and investors.

When you consign your coins, the auction house will usually have them appraised and professionally graded to determine their condition and true market value. This appraisal helps set appropriate prices and create detailed descriptions for your coins.

The consignee will then market your coins through various channels, including live auctions, online listings, and direct sales to their clientele. While auction houses typically take a percentage of the sale as a fee, they provide expert marketing and exposure that can help you achieve higher sale prices.

Tax Implications When You Sell Coins

Capital Gains Tax on Coins

In the U.S., coins are classified as collectibles under the tax code. When selling coins for a profit, you may be subject to capital gains tax. It is essential to understand how the tax works, the rates involved, and how it applies specifically to coin collectors and investors.

If you hold coins for one year or less before selling them, any profit is considered a short-term capital gain and is taxed at your ordinary income tax rate.

If you hold coins for more than one year before selling, the profit qualifies for the long-term capital gains tax rate.

Unlike other long-term investments like stocks or real estate, which are taxed at a maximum of 20%, collectibles are taxed at a higher maximum capital gains tax rate of 28%.

Factors such as the holding period (short-term vs. long-term gains) and your overall income can affect the tax rate.

Given the complexity of tax laws and regulations related to numismatic coins, it’s advisable to consult with a tax professional or accountant who can provide guidance on your specific situation.

Conclusion

If you have a substantial collection or are dealing with high-value coins, consider consulting with a professional coin broker or auction house to help you navigate the selling process.

Remember that selling coins can take time, and finding the right buyer at the right price may require patience. Be cautious of scams or deals that seem too good to be true, and prioritize safety when meeting buyers in person.