The 1929 Liberty Dime, officially known as the Mercury Dime, is a fascinating piece of American coinage. Minted from 1916 to 1945, the Mercury Dime is beloved by collectors for its unique design and historical significance. The 1929 version, in particular, offers insight into the economic conditions of the time and is sought after by numismatists. In this article, we will explore the history, features, and value of the 1929 Liberty Dime.
Overview of the Mercury Dime
The Mercury Dime was designed by Adolph A. Weinman and features a representation of Liberty, which many collectors refer to as “Mercury” due to her winged cap. The coin symbolizes freedom of thought and movement.
Key Features of the 1929 Mercury Dime
| Attribute | Details |
|---|---|
| Year | 1929 |
| Mint Mark | No mint mark (Philadelphia), D (Denver), S (San Francisco) |
| Composition | 90% Silver, 10% Copper |
| Weight | 2.5 grams (0.0735 oz) |
| Diameter | 17.91 mm |
Design Elements
- Obverse (Front): The obverse features Liberty wearing a winged cap, symbolizing freedom. The words “LIBERTY,” “IN GOD WE TRUST,” and the year “1929” are inscribed.
- Reverse (Back): The reverse showcases a fasces (a bundle of rods symbolizing strength and unity) and an olive branch, representing peace. The inscriptions include “UNITED STATES OF AMERICA” and “ONE DIME.”
Minting and Rarity
In 1929, the United States minted dimes at three locations: Philadelphia, Denver, and San Francisco. The total mintages for the 1929 Mercury Dime are as follows:
| Mint Location | Mint Mark | Total Minted |
|---|---|---|
| Philadelphia | No mark | 12,000,000 |
| Denver | D | 1,100,000 |
| San Francisco | S | 1,350,000 |
Among these, the 1929-D (Denver) and 1929-S (San Francisco) are considered rarer than the 1929 (Philadelphia) and tend to command higher prices in the market.
Factors Affecting Value
The value of the 1929 Liberty Dime can fluctuate based on several factors:
- Condition: Coins are graded on a scale from Poor (P-1) to Perfect (MS-70). Higher-grade coins are much more valuable.
- Mint Mark: Dimes from Denver (D) and San Francisco (S) are rarer compared to those minted in Philadelphia (no mark).
- Market Demand: Current market trends and collector interest can affect the value of coins. Rare or high-grade coins often see an increase in value during periods of heightened interest.
Estimated Values for 1929 Liberty Dimes
Here’s a breakdown of estimated values based on condition and mint mark:
| Mint Mark | Condition | Estimated Value |
|---|---|---|
| Philadelphia (no mark) | Good (G-4) | $2 – $5 |
| Fine (F-12) | $5 – $10 | |
| Extremely Fine (EF-40) | $10 – $20 | |
| Uncirculated (MS-60) | $25 – $50 | |
| High Grade (MS-65) | $200 – $300 | |
| Denver (D) | Good (G-4) | $3 – $6 |
| Fine (F-12) | $6 – $15 | |
| Extremely Fine (EF-40) | $15 – $30 | |
| Uncirculated (MS-60) | $75 – $150 | |
| High Grade (MS-65) | $400 – $600 | |
| San Francisco (S) | Good (G-4) | $3 – $7 |
| Fine (F-12) | $7 – $20 | |
| Extremely Fine (EF-40) | $20 – $35 | |
| Uncirculated (MS-60) | $100 – $200 | |
| High Grade (MS-65) | $500 – $800 |
Tips for Collectors
- Examine Your Coins: If you think you have a valuable 1929 Liberty Dime, closely examine its condition and mint mark.
- Get Your Coins Graded: Consider professional grading for coins you believe may have significant value.
- Research Current Market Trends: Stay updated on market prices through numismatic publications and online resources.
- Connect with Other Collectors: Joining coin clubs or online forums can provide insights and help you learn more about valuable coins.
Conclusion
The 1929 Liberty Dime is more than just a piece of currency; it is a historical artifact that reflects the economic climate of its time. While many of these dimes may seem common, certain mint marks and conditions can lead to surprising values. Whether you are a seasoned collector or a casual enthusiast, the 1929 Mercury Dime is a fascinating addition to any coin collection.
Keep an eye out for this classic dime, and remember that the world of numismatics offers endless opportunities for discovery and value!
FAQ’s
How can I tell if my 1929 Liberty Dime is valuable?
Examine the coin’s condition, mint mark, and rarity. High-grade coins and those with mint marks from Denver or San Francisco tend to be more valuable.
Where can I sell my 1929 Liberty Dime?
You can sell it through local coin shops, online auction sites, or numismatic dealers who specialize in coin sales.
What should I do if I think my coin is rare?
Consider getting it appraised or graded by a professional coin grading service to determine its true value.