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1916-D 10C MS62 Full Bands PCGS....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

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Auction Ended On: Apr 25, 2013
Item Activity: 9 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

1916-D Full Bands Dime, MS62
Famous Key to the Mercury Dime Series
1916-D 10C MS62 Full Bands PCGS. The 1916-D is the key date to the Mercury dime series. In contrast to the large number of ten cent pieces made at the Philadelphia and San Francisco Mints in 1916 (22.1 million and 10.4 million pieces respectively), only 264,000 coins were issued by the Denver Mint, the lowest in the series.

Numismatist Dick Wagner discusses the 1916-D dime in his article "Delay Despoils Denver Dime Debut," published in the September 1973 issue of the Numismatic Scrapbook:

"The critically acclaimed 1916-D dime, the scarcest regular issue dime of this century, was a victim of the war-time economic boom which created a shortage of small coins. Production delays and a decision from Washington conspired to make the 1916-D ... a coin [that] collectors speak about with reverence."

The entire 1916-D dime issue, according to David Lange (2005) was released in November 1916. He writes that the coinage of dimes was then halted at Denver so that the presses could be redirected to meet a sudden and urgent demand for quarters. The decision to halt dime coinage at the Denver Mint was made at a meeting called by Mint Director F.J.H. von Engelken on November 24, 1916. Lange indicates that it was revealed at this meeting that the Treasury Department had placed orders with the Mint for four million quarter dollars. Denver Mint Superintendent Thomas Annear was therefore directed to suspend the coinage of all denominations save the quarter dollar.

This is a well-preserved example of this low-mintage issue. The surfaces display smooth, satiny mint luster and are covered with light, even golden-brown toning. The central bands are fully brought up as well as the diagonal bands, and there are no mentionable abrasions on either side.
Ex: Central States Signature (Heritage, 4-5/2008), lot 2064.(Registry values: N2998) (NGC ID# 23GY, PCGS# 4907)

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