LOT Old Heritage Auctions  /  2008 April Rosemont, IL (CSNS) US Coin #1104  / 

2270

1916-D 10C MS65 Full Bands NGC

Currency:USD Category:Coins & Paper Money Start Price:31,252.00 USD Estimated At:1.00 - 1,000,000.00 USD
1916-D 10C MS65 Full Bands NGC
<B>1916-D 10C MS65 Full Bands NGC.</B></I> A beautiful Gem that has blushes of sea-green, golden-brown, and honey-gold throughout the margins. The devices and fields are minimally toned. The strike is exacting, not only on the important central bands, but also across the peripheral legends.<BR> The surfaces appear immaculate at first glance, and a faint luster graze near the AM in AMERICA is only observed upon thorough study beneath a loupe. Both sides provide imposing luster. The reverse is rotated slightly clockwise, and the reverse legends show occasional evidence of strike doubling.<BR> Collectors of the popular Mercury dime series quickly learn that the key date is the 1916-D. Its mintage of 264,000 pieces is roughly one-quarter of its closest competitor, the 1921-D. Little attention was paid to mintmarks by the general public in 1916, and although many 1916 and 1916-S Mercury dimes were set aside, most 1916-D dimes circulated for years. The majority of survivors grade between Fair and Very Good. Unfortunately, many counterfeits are also known, some of which are genuine 1916 Mercury dimes with an added Denver mintmark.<BR> The 1916-D dime is rare due to the production delays of a related rarity, the 1916 Standing Liberty quarter. Per David W. Lange, in November, 1916, the Treasury Department ordered 4 million quarters. The Mint director and superintendents met and decided that the Denver Mint would strike only quarters until the Treasury order was fulfilled. This decision curtailed production of 1916-D dimes until the change in calendar year ended the issue.<BR> The Mint decision also explains the high mintage of the 1916-D quarter, from the old Barber designs. Midwestern demand for dimes was met by the 1916-S, which had a mammoth mintage of more than 16 million pieces comprised of both the Barber and Mercury types. Census: 23 in 65 Full Bands, 7 finer (2/08).<BR><BR><B>Coin Engraver:</B> Adolph A. Weinman<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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