The 2016-W Gold Mercury Dime, graded SP70 by PCGS and designated as a First Strike, is a modern tribute to one of America’s most beloved coin designs. This special edition coin celebrates the 100th anniversary of the original Mercury Dime and stands out as a remarkable piece in the numismatic world.
Historical Background
The Original Mercury Dime
- Design by Adolph A. Weinman: The Mercury Dime, officially known as the Winged Liberty Head Dime, was minted from 1916 to 1945. The obverse features a depiction of Liberty wearing a winged cap, symbolizing freedom of thought, while the reverse displays a fasces and an olive branch, signifying strength and peace.
- Introduction and Circulation: The original Mercury Dime became a staple of American currency and remains highly collectible for its beautiful design and historical significance.
Centennial Gold Edition
- 2016-W Gold Mercury Dime: In 2016, the U.S. Mint issued a gold version of the Mercury Dime to commemorate its 100th anniversary. This modern tribute was struck in .9999 fine gold, combining the classic design with precious metal to create a highly desirable collectible.
Design and Features
Obverse
- Liberty’s Portrait: The obverse retains Weinman’s iconic design, with Liberty facing left, adorned with a winged cap. The detail in the hair and cap is finely crafted, showcasing the artistry of the original design.
Reverse
- Fasces and Olive Branch: The reverse features the same symbolic elements as the original, with a fasces representing unity and strength, and an olive branch denoting peace.
Special Attributes
- Gold Composition: Struck in 1/10 troy ounce of .9999 fine gold, the coin’s precious metal content adds significant intrinsic value.
- West Point Mint Mark (“W”): The coin bears the “W” mint mark of the West Point Mint, distinguishing it from other Mercury Dimes.
- SP70 Grade: Graded SP70 by PCGS, the coin is in perfect condition, free from any post-production imperfections.
- First Strike: The First Strike designation indicates that the coin was among the first struck from a new set of dies, often considered more desirable by collectors.
Rarity and Collectibility
Limited Mintage
- The 2016-W Gold Mercury Dime was issued with a limited mintage, making it a scarce and sought-after piece. Its combination of historical homage and precious metal content enhances its appeal.
Perfect Grade
- A grade of SP70 signifies that the coin is in flawless condition. This top grade, coupled with the First Strike designation, makes it highly prized among collectors.
Market Value
Current Market Trends
- Coins with a SP70 grade and First Strike designation typically command premium prices. The gold composition and limited mintage further boost its value in the market.
Investment Potential
- The 2016-W Gold Mercury Dime is not only a beautiful collector’s item but also a potential investment piece due to its gold content and numismatic significance.
Conclusion
The 2016-W Gold Mercury Dime SP70 PCGS First Strike is a perfect blend of classic design and modern minting excellence. Its flawless condition, limited mintage, and historical tribute make it a standout piece in any collection. Whether you are an investor in precious metals or a numismatic enthusiast, this coin offers both aesthetic and intrinsic value, ensuring its place as a cherished item in the world of coin collecting.
