1942 Mercury Dime Value
Are you interested in knowing the 1942 Mercury Dime Value? Most Mercury Dimes today are more valuable for their silver content and could sell for $1.55. However, one coin could sell for over $1500.00 if it was in great condition. So, what is the 1942 Mercury Dime value, how is that value determined, and what terminology is used in describing this and other coins?
All About Coins
When considering the Mercury Dime value, it’s helpful to learn some of the terms coin collectors use to describe coins. To make a coin, you strike a planchet with a die. The planchet is the blank of metal alloy and the die is an engraved stamp. If the machine messes up and strikes the planchet twice, that is known as doubling. The obverse is the front side, or “heads” of the coin and the reverse is the “tails” side.
Every U.S. Mint that produces coins puts a mintmark on each coin. The mintmark is one or two letters. There are four U.S. Mints that mint coins today: P - Philadelphia, S - San Francisco, D - Denver, and W - West Point. U.S. Mints that are no longer used were: C - Charlotte, NC, CC - Carson City, D - Dahlonega, GA, and O - New Orleans. If a coin has no mintmark that means it was made in Philadelphia or it is an error.
The U.S. Mints make proofs for collectors. These cameos are very shiny and are doubled with a specially treated and polished die. Collectors also use the Sheldon Grading scale to assess the condition of older coins. This scale ranges from Poor -1 to Mint State MS -70. For example, an average coin may be an XF-40, which is extremely fine with sharp details and some luster remaining. A Mint State coin is nearly perfect and uncirculated.
You may be wondering, “What makes a coin valuable?” Several things can add value to a coin. Rarity is a big indicator of a coin’s value. Either one of the U.S. Mints did not make very many, they were collected by the government to be melted down and reused, or there were not many coin collectors, so not many survived over the years. Errors are another major consideration. If the coin is doubled, or if the die has a flaw, those usually add value to it. Lastly, the condition of a coin is very important. The price of a mint state coin can be three to four times more than an extremely fine coin of the same date and mint. That can be a lot of money, if the coin is rare or an error coin.
What is the 1942 Mercury Dime Value?
Some older coins are not worth a lot of money to a collector, but as the price of metal increases, some coins have intrinsic value in the metals they are made of. Older dimes were 90 percent silver, so they are worth more than ten cents. The melt value of a 1942 Mercury Dime, as of September 27, 2010, is $1.5523.
Here are the 1942 Mercury Dimes worth more than the price of the silver they contain along with an explanation of the grades:
G-4 is a coin in good condition, XF is extremely fine condition, and MS is mint state, meaning an uncirculated coin in near perfect condition.
As you can see, the only high-value 1942 Mercury Dime is an error coin. The error occurred at the end of the year as the production of 1941 dimes was stopping and the minting of 1942 dimes was beginning. The dies were being created which is a two-step process. The die is engraved, then heated and stamped again. A 1941 and a 1942 die accidentally got switched and the date of 1942 got stamped over the 1941, so that both a “1” and a “2” are visible.
So, what about other Mercury Dime values? An extremely rare coin, like the 1916 D would be worth thousands, if it was in Mint State condition.
|1916 D||$711.25||Rare||Rare-unknown value|