The 1934 Mercury Dime is one of the most charming coins ever made by the U.S. Mint. Even though it’s small, it features an intricate design that many collectors admire.
Its official name is the Winged Liberty Head Dime, but it is commonly called the Mercury Dime because people mistakenly thought the figure on the coin was the Roman god Mercury. In reality, it’s Lady Liberty wearing a winged cap, which symbolizes freedom.
What is the 1934 Mercury Dime Made Of?
Designed by Adolph Alexander Weinman, the 1934 Mercury Dime has a diameter of 17.90 millimeters and weighs 2.50 grams. This dime is composed of 90% silver and 10% copper.
It first appeared in 1916 and was used until 1945, although no coins were minted in 1932 or 1933. The coins from the earlier years are generally rarer than those from 1934.
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Stunning Design Features
On the front, you’ll see Lady Liberty in her winged cap, with the word “LIBERTY” arching over her head. The year 1934 is noted below, along with the initials of the designer, AW. The motto “IN GOD WE TRUST” is also engraved near her neck.
The reverse side of the coin showcases the fasces, which represents strength and unity. This design features a battle-ax and an olive branch, symbolizing preparedness and peace.
The words “UNITED STATES OF AMERICA” are inscribed at the top, with “ONE DIME” beneath it. If the coin was minted in Denver, you’ll find a “D” mint mark below the olive branch. Coins minted in Philadelphia do not have a mint mark.
Varieties of the 1934 Mercury Dime
The 1934 Mercury Dime series is highly popular among collectors. Most dates, except for a few rare ones like the 1916 D and 1942 overdates, are easy to find.
Some coins with Full Split Bands on the reverse are especially sought after. This means the bands holding the fasces together must be clearly separated.
Here are the mintage figures for the 1934 Mercury Dimes:
- 1934 D Mercury Dime (Denver): 6,772,000 minted
- 1934 P Mercury Dime (Philadelphia): 24,080,000 minted
Collecting and Value
The 1934 Mercury Dime is valued between $2.50 and $40 for circulated coins. However, if you have one in pristine condition, it could sell for around $750. The coin’s melt value is approximately $1.75, and its face value is 10 cents.
Notable Errors
Certain errors on the 1934 Mercury Dime can make it more valuable. Examples include:
- Broadstrike Mint Error: This occurs when a coin is struck outside its usual collar, resulting in a larger diameter.
- Repunched Mint Mark: This happens when the mint mark is stamped multiple times, causing overlapping impressions.
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Where to Buy or Sell
You can find 1934 Mercury Dimes for sale online on platforms like eBay, Amazon, and Etsy. Coin and antique shops may also have them, but they might be harder to find there. For accurate pricing and to buy or sell, consider consulting coin grading services like NGC or PCGS.
Conclusion
The 1934 Mercury Dime is not just a coin; it’s a piece of American history with artistic significance. Whether you’re a seasoned collector or a casual observer, this coin’s rich design and fascinating background make it a treasure worth exploring.