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In a remarkable event that has captivated numismatists worldwide, a 1945-S Micro S Mercury Dime recently sold for an impressive $15,000 at auction.
This sale underscores the coin’s rarity and the high demand among collectors for well-preserved specimens of this unique variety.
Understanding the 1945-S Micro S Mercury Dime
The Mercury Dime, officially known as the Winged Liberty Head Dime, was minted from 1916 to 1945.
Designed by Adolph A. Weinman, the coin features a portrait of Liberty wearing a winged cap, symbolizing freedom of thought.
The reverse showcases a fasces intertwined with an olive branch, representing strength and peace.
The 1945-S Micro S variant is distinguished by a smaller-than-usual “S” mintmark, indicating it was struck at the San Francisco Mint.
This subtle difference resulted from a variation in the mintmark punch used during production, making it a notable variety among collectors.
Key Specifications
| Feature | Details |
|---|---|
| Year of Minting | 1945 |
| Mint Mark | S (San Francisco) |
| Variety | Micro S |
| Composition | 90% Silver, 10% Copper |
| Weight | 2.50 grams |
| Diameter | 17.9 mm |
| Total Mintage | 41,920,000 |
| Designer | Adolph A. Weinman |
| Notable Features | Smaller “S” mintmark, Full Bands (FB) |
Factors Contributing to the $15,000 Sale
Several elements contributed to the high auction price of this particular 1945-S Micro S Mercury Dime:
- Exceptional Grade: The coin was graded MS68+, indicating a near-perfect mint state with minimal imperfections. Such high-grade examples are exceedingly rare.
- Full Bands Designation: Coins with fully struck horizontal bands on the fasces are designated as Full Bands (FB). This feature is highly sought after, as it reflects a well-executed strike.
- Rarity: While millions of 1945-S dimes were minted, the Micro S variety is less common, especially in higher grades with the Full Bands designation.
- Market Demand: The numismatic market places a premium on coins that combine rarity, high grade, and distinctive features. This coin met all those criteria, driving up its value.
Market Trends and Historical Sales
The value of the 1945-S Micro S Mercury Dime varies significantly based on condition and specific features:
- Average Circulated Condition: Approximately $3.00.
- Uncirculated (MS60-MS63): Ranges from $38 to $121.
- High Mint State (MS67): Can fetch up to $11,500.
- Top Grades (MS68+ with Full Bands): Have reached prices between $15,000 and $25,000, depending on market conditions and coin quality.
The recent $15,000 sale of a 1945-S Micro S Mercury Dime highlights the coin’s significance in the numismatic community.
Its unique features, combined with exceptional preservation, make it a prized possession for collectors.
As interest in rare coin varieties continues to grow, the 1945-S Micro S Mercury Dime stands out as a testament to the enduring allure of numismatic treasures.
FAQs
What makes the Micro S variety different from other 1945-S Mercury Dimes?
The Micro S variety features a smaller “S” mintmark on the reverse, resulting from a different mintmark punch. This subtle variation distinguishes it from the standard 1945-S dimes.
How can I identify a Full Bands Mercury Dime?
A Full Bands (FB) designation indicates that the horizontal bands on the fasces are fully separated and well-defined. This feature requires a strong strike and is a key indicator of a coin’s quality.
Why are high-grade Mercury Dimes so valuable?
High-grade Mercury Dimes, especially those with the Full Bands designation, are rare due to the challenges in achieving such strikes during production. Their scarcity and demand among collectors drive up their value.