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    Description

    1916-D Mercury Dime, MS66
    Exemplary Full Bands Example
    A Registry Set Essential

    1916-D 10C MS66 Full Bands PCGS Secure. The 1916-D Mercury dime, the lowest-mintage issue in the series at 264,000 pieces and a famous 20th century key date, was produced during a time when the Denver Mint was operating at full capacity. For a period of about five months during the fiscal year 1917, coinage at Denver was at "double time," according to the Mint Director, with production focusing on subsidiary silver and minor coinage. Prior to 1916, coinage of gold and silver at Denver had been restricted by the rate at which coins could be weighed. In early 1916, the installation of two new weighing machines, "built in the shops of this institution," allowed the Denver Mint to double its output. Despite all of this, only 264,000 Mercury dimes were coined at Denver in 1916.

    David Lange, writing in The Complete Guide to Mercury Dimes (1993), offers an explanation:

    "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. With him in Washington were the three mint superintendents: Adam M. Joyce of Philadelphia, T.W.H. Shanahan of San Francisco and Thomas W. Annear of the Denver Mint. ... At this meeting it was revealed that the Treasury Department had placed orders with the Mint for some four million quarter dollars. Superintendent Annear was directed to suspend the coinage of all denominations save the quarter dollar and to strike these pieces to the limit of the Denver Mint's capability."



    Walter Breen reported that the 1916-D Mercury dime was released to the public in November 1916. At this time, the Denver Mint was supplying subsidiary coinage in heavy shipments to many major cities from coast to coast. Circulation of the 1916-D was widespread, and high-grade examples were not initially saved in quantity for numismatic purposes. Today, collectors are hard-pressed to locate a Full Bands example that grades finer than MS64, and this issue is genuinely rare in MS66 Full Bands or better condition. As the key date in the series, a high-end example is essential for a competitive Registry Set.

    Offered here is a glistening Premium Gem with sharp definition in the centers and toward the rims. Soft, luminous mint luster is unabraded, and a dusting of light golden toning graces each side. Deeper shades of blue-green and burgundy-lavender color appear around the borders. Eye appeal is exceptional on this important key-date rarity. Population: 26 in 66 (3 in 66+) Full Bands, 8 finer (11/18).
    From The Charles McNutt Collection. (Registry values: N7079) (NGC ID# 23GY, PCGS# 4907)

    Weight: 2.49 grams

    Metal: 90% Silver, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The Charles McNutt Collection ]

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    January, 2019
    9th-14th Wednesday-Monday
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