After a 3-year halt in the production of the coin, the Mercury Dime was put back on the presses for the 1934 edition. Especially popular because of the circumstances surrounding it, the 1934 Mercury Dime is of special importance to most every collector. The US Mint has produced many beautiful and world-renowned coins throughout its 200+ year history, but few coins have garnered more attention from worldwide collectors than the Mercury Dime.
Though this coin was produced more than 70 years ago, it is still extremely popular today. Though it may be hard to believe, there are still quite a few Mercury Dimes that have survived the years—some of which have survived in excellent condition. Though collectors are content to add any type of Dime to their collection, one that has been well-preserved is preferred.
For collectors, it doesn’t matter what coin we are talking about when we express that condition means absolutely everything. Collectors are always looking for the most well-preserved pieces, and the Mercury Dime is no exception. By closely analyzing every facet of the coin, you can gain a better idea of its grade.
Normally, coins such as the 1934 Mercury Dime are sent away to professional companies for grading, but we understand that not everyone has the ability to do this. Understanding this, we have provided below an outline of specifications regarding what you can expect a coin of a particular grade to look like.
Uncirculated: An Uncirculated 1934 Mercury Dime is, by nature, one that spent absolutely no time as currency being exchanged on the open market. Having instead been kept in a safe place over the years, these coins will show absolutely no signs of wear and will appear quite beautiful. As you could have probably guessed, Dimes in this condition are the ones investors want more than any other.
Extremely Fine: A Dime graded to be Extremely Fine is one that spent time exchanging hands briefly. Though you will definitely be able to see some signs of wear on the coin’s faces, the wear present will generally be quite light in nature. Judging with the naked eye, these coins appear to be in excellent condition, and for the most part, they are.
Fine: This grade is given to those Mercury Dimes that spent a decent amount of time being circulated. While it is true that they were exchanging hands for quite a few years, the wear you will find on their faces is not so heavy that the coin’s appeal is taken away. With that being said, the heaviest spots of wear will be found on and around the coin’s raised features.
Good: This is the grade given to those Dimes that were circulated more heavily than any other. These coins will show plenty of wear and will sometimes even be chipped, scratched, or scraped. Though they are in not-so-great condition, these coins are still sought after by collectors from all over the world.
As is the case with any coin, in order to accurately determine a price, you must first consider a few different factors. For one, the Mercury Dime had a few different types created each year, so you must first take into consideration what type is rarest. After that, you must then assess the condition of the coin. If the coin in question has been well-preserved, it will naturally carry a heftier price tag. Below is a chart aimed at giving you a better idea as to what you can expect to pay for a Mercury Dime given its condition and type.
|1934 Mercury Dime||$2.25||$3||$3.50||$16|
|1934 Mercury Dime (D)||$2.25||$3||$3.50||$16||Source: Red Book|