The 1927-S Mercury Dime is not just a coin; it’s a piece of history from a time when America was buzzing with excitement and change. In 1927, Charles Lindbergh made his historic flight across the Atlantic, movies began to talk, and baseball legends like Babe Ruth entertained fans with record-breaking performances. Yet, this period of joy was shadowed by economic troubles in Europe that foreshadowed the Great Depression. For collectors today, the 1927-S Mercury Dime offers a fascinating glimpse into this era, making it a highly sought-after item. In this guide, we’ll explore its history, value, and what makes it special to collectors.
Historical Background of the 1927-S Mercury Dime
The 1927-S Mercury Dime was minted at the San Francisco Mint, known for producing quality coins. In that year, the mint struck several denominations, including the Lincoln Cent and the Buffalo Nickel. However, the Mercury Dime stands out because of its unique design and the significant role it plays in American numismatic history.
In total, 4,770,000 Mercury Dimes were produced in San Francisco in 1927. This number is relatively low compared to other years, making it an interesting find for collectors, especially in better conditions. The coin features a winged Liberty head on the front and an olive branch on the back, symbolizing peace and freedom.
Understanding the Value of the 1927-S Mercury Dime
Circulated Coins
If you’re looking to buy a circulated 1927-S Mercury Dime, you can usually find one for around $15 or less on eBay or at coin shops. The price varies based on the coin’s condition. For example, coins graded as “Fine” can sell for a little more, often ranging from $300 to $500 depending on their wear and quality. It’s important for buyers to be careful, as many coins on the market may be counterfeits or improperly cleaned, which can reduce their value.
Uncirculated Coins
Uncirculated or Mint State coins are rarer and more valuable. If you want to buy one, look for coins certified by reputable grading services like CAC, NGC, or PCGS. For instance, a certified MS62 coin sold for about $634, while a PCGS MS63 coin fetched around $1,020 in recent auctions. These prices reflect the demand and the scarcity of high-grade examples.
Full Bands Preference
Many collectors specifically seek out coins with Full Bands—a feature that signifies the lines on the torch on the reverse side are complete and clearly visible. Coins graded MS65 or higher with Full Bands are even more coveted, with prices often starting at $5,000. Fewer than 100 coins have been certified at this level, which adds to their desirability.
Market Data and Noteworthy Specimens
As of October 2024, the Professional Coin Grading Service (PCGS) reports that only two coins are graded MS67FB—the highest known grade for this type. Notably, one of these is part of a collection owned by billionaire collector Dell Loy Hansen. Coins of this caliber are extremely rare and can command prices in the tens of thousands of dollars.
Example Auction Prices
Many noteworthy specimens have been sold at auctions. For example:
- A PCGS MS66FB coin was sold for $19,550 in 2008.
- Another coin at MS66FB fetched about $24,800 in 2024.
These examples illustrate how the 1927-S Mercury Dime can vary in value based on its grade and market demand.
Specifications of the 1927-S Mercury Dime
Here’s a quick overview of the specifications for the 1927-S Mercury Dime:
| Feature | Details |
|---|---|
| Country | United States of America |
| Year of Issue | 1927 |
| Denomination | 10 Cents (USD) |
| Mintmark | S (San Francisco) |
| Mintage | 4,770,000 |
| Alloy | 90% Silver, 10% Copper |
| Weight | 2.5 grams |
| Diameter | 17.9 mm |
| Edge | Reeded |
| Designer | Adolph A. Weinman |
Conclusion
The 1927-S Mercury Dime is a remarkable coin that not only showcases the artistry of American coinage but also tells a story of an exciting time in history. With its unique design and historical significance, this coin captures the attention of collectors and historians alike. Whether you are a seasoned collector or a newcomer, understanding its value and history can enhance your appreciation for this piece of numismatic art. As you explore the world of coin collecting, remember that each coin, including the 1927-S Mercury Dime, carries with it a part of America’s story.
FAQ’s
What is the 1927-S Mercury Dime made of?
The 1927-S Mercury Dime is made of 90% silver and 10% copper. It has a weight of 2.5 grams and a diameter of 17.9 mm.
How much is a 1927-S Mercury Dime worth?
The value of a 1927-S Mercury Dime varies based on its condition. Circulated examples typically sell for around $15 or less, while higher-grade coins can range from $300 to over $5,000 for coins with Full Bands and excellent eye appeal.
What makes the 1927-S Mercury Dime a popular choice for collectors?
The 1927-S Mercury Dime is popular among collectors due to its historical significance, unique design by Adolph A. Weinman, and relatively low mintage. Coins in better conditions, especially those graded MS65 and higher with Full Bands, are especially sought after.