Lot 2033
1916-D Mercury Dime. Unc. Details. Improperly cleaned. Lightly toned. Key date and well worth our estimate.
According to numismatic historian Keith Scott, "The design of the Mercury dime is that of a 'Winged Liberty' and is based on a bust that Weinman did in 1913 of Elsie Kachel Stevens, wife of well-known poet Wallace Stevens, who happened to be tenants of a New York City apartment building owned by Weinman. The winged cap was to symbolize freedom of thought. The reverse of the coin depicts the fasces, an ancient symbol of authority, with a battle-ax at the top to represent preparedness and an olive branch beside it to signify love and peace and authority.
"Production and release of the new dimes was delayed until later in the year of 1916 as the dies were not quite ready. The Philadelphia and San Francisco mint produced Barber dimes much of 1916 to meet demand while Denver ceased producing Barber dimes in 1914. Once the dies were complete, production began with both Philadelphia and San Francisco cranking out millions of dimes. Denver though produced a mere 264,000 making the 1916-D an instant rarity. Shortly after the dime began circulating, many people began calling it a "Mercury dime" due to the wings on the cap. Mercury is the Roman god of trade, property and wealth as well as messenger to the other gods. The hat, called a Petasus, is similar to that worn my messengers during the time when Mercury was worshipped. Mercury gained his speed from his wings. Although not the original and intended name for the new time, the term Mercury stuck and that is what it is known as today."
Estimated Value $5,000 - 5,500.
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