The 1941 Mercury Dime Proof stands as a significant piece in numismatic history, captivating collectors with its unique design, limited mintage, and enduring appeal. This guide delves into the intricate details of this coin, providing essential information for both seasoned collectors and newcomers.
Historical Background
The Mercury Dime, officially known as the Winged Liberty Head Dime, was minted from 1916 to 1945. Designed by sculptor Adolph A. Weinman, the coin’s obverse features a depiction of Liberty wearing a winged cap, symbolizing freedom of thought.
The reverse showcases a fasces—a bundle of rods with an axe—representing strength and unity, accompanied by an olive branch signifying peace.
Mintage and Specifications
In 1941, the Philadelphia Mint produced 16,557 proof Mercury Dimes. Proof coins are specially struck for collectors, featuring sharp details and a mirror-like finish. The specifications of the 1941 Mercury Dime Proof are as follows:
| Specification | Detail |
|---|---|
| Composition | 90% Silver, 10% Copper |
| Diameter | 17.9 mm |
| Weight | 2.5 grams |
| Edge | Reeded |
| Designer | Adolph A. Weinman |
| Mintage | 16,557 |
Design Features
The 1941 Mercury Dime Proof is renowned for its exquisite craftsmanship. The obverse portrays Liberty with a winged cap, often mistaken for the Roman god Mercury, hence the coin’s popular nickname.
The reverse features a fasces intertwined with an olive branch, symbolizing the nation’s readiness for war and desire for peace during the tumultuous times leading up to the United States’ involvement in World War II.
Collectibility and Value
The limited mintage of the 1941 Mercury Dime Proof contributes to its desirability among collectors. Its value varies based on condition, rarity, and market demand. As of November 2024, approximate values are:
- PR60 (Proof 60): $100 to $120
- PR61: $105 to $126
- PR62: $110 to $132
- PR63: $120 to $144
- PR64: $130 to $156
- PR65: $140 to $168
- PR66: $175 to $198
- PR67: $275 to $312.50
- PR68: $2,300 to $3,000
- PR69: $14,000 to $16,100
Notably, a 1941 Mercury Dime Proof graded PR69 achieved a record auction price of $13,200 in February 2020.
Factors Influencing Value
Several factors influence the value of the 1941 Mercury Dime Proof:
- Condition: Higher grades command premium prices.
- Rarity: Limited mintage enhances collectibility.
- Market Demand: Fluctuations in collector interest and silver prices affect value.
- Historical Significance: The coin’s association with pre-World War II America adds to its allure.
Authentication and Grading
Due to the coin’s value, authentication is crucial. Reputable grading services like the Professional Coin Grading Service (PCGS) and Numismatic Guaranty Corporation (NGC) provide certification, ensuring authenticity and accurate grading. Collectors should seek coins with clear details, minimal imperfections, and original luster.
Preservation Tips
To maintain the coin’s condition and value:
- Handling: Use cotton gloves to prevent oils from damaging the surface.
- Storage: Keep in a climate-controlled environment, away from humidity and temperature fluctuations.
- Protection: Store in acid-free holders or slabs to prevent tarnishing and physical damage.
The 1941 Mercury Dime Proof is a cherished artifact, embodying artistic excellence and historical significance. Its limited mintage and enduring appeal make it a prized addition to any collection. Whether you’re an experienced numismatist or a budding enthusiast, this coin offers a tangible connection to America’s rich heritage.
