The 1938 Mercury dimes have value as both numismatic coins and as silver bullion. Keep reading to learn more about these silver coins.
Specifications
Type: Mercury Dime
Year: 1938
Face Value: $0.10
Composition: 90% silver, 10% copper
Silver Weight: .07234 oz.
Total Weight: 2.5 grams
Current Silver Bullion Value: $2.24
Mercury dimes are also known as Winged Liberty Head dimes. The US minted the 1938 dime with no mint mark and also the 1938 D dime and 1938 S dime. The mint mark, when present, can be found on the reverse side of the coin.
| Series | Location | Quantity Minted |
|---|---|---|
| 1938 | Philadelphia | 22,190,000 |
| 1938 D | Denver | 5,537,000 |
| 1938 S | San Francisco | 8,090,000 |
Value
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $2.24. This melt value is calculated from the current silver spot price of $30.92 per ounce.
The 1938 dime with no mint mark is worth around $3.50 in very fine condition. In extremely fine condition the value is around $4. In uncirculated condition the price is around $11 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $32.
The 1938 D dime is worth around $3.50 in very fine condition. In extremely fine condition the value is around $4. In uncirculated condition the price is around $20 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $37.
The 1938 S dime is worth around $3.50 in very fine condition. In extremely fine condition the value is around $5. In uncirculated condition the price is around $22 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $45.
Proof coins with no mint mark are available and they are each valued at around $300 in PR 65 condition. There were only 8,728 proof coins minted.
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Grading System
Very fine- Each of the diagonal bands are completely visible.
Extremely fine- There is only a small amount of wear on the diagonal bands. Liberty's braids and the hair before her ear are completely visible.
MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.
MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable.
PR 65 proof- There are no flaws to this coin. A few blemishes may be present.
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