1945 Mercury Dime Value Guide: FB Rarities & Varieties
1945 Mercury Dime values range from $4.40 to $96,000. Learn about the rare Full Bands designation, Micro S variety, and mint errors that drive collector demand.
The 1945 Mercury Dime is worth $4.40 to $96,000 depending on mint, condition, and the critical Full Bands designation.
- Circulated: $4–$7 (slightly above $3.46 melt value)
- Uncirculated (Non-FB): $10–$1,500
- Full Bands (FB): $45–$96,000 (1945-P FB is rarest in series)
- Top variety: 1945-S Micro S MS-68 FB = $25,850
The 1945 Philadelphia issue creates a dramatic paradox: it's the most common date by mintage (159 million) but the absolute rarest to find with Full Bands.
What's Your 1945 Dime Worth?
Select your coin's mint mark and condition to get a value estimate.
Focus on choosing the right sales channel to maximize your return.
Expected: ()
1945 Mercury Dime: Final Year of an Iconic Design
1945 Winged Liberty Head (Mercury) Dime - the series' final year of production
The 1945 U.S. dime, officially known as the Winged Liberty Head or "Mercury" dime, marks the end of a 29-year production run that began in 1916. Business strikes were produced at all three operating mints: Philadelphia (no mint mark), Denver ("D"), and San Francisco ("S"). No proof coins were struck, as the U.S. Mint's proof program remained suspended throughout World War II.
All three 1945 issues are extremely common by mintage standards, with Philadelphia alone producing over 159 million coins. However, the coin's value story centers on one feature: the Full Bands (FB) designation. This grading distinction, awarded to coins with sharply defined, fully separated horizontal bands on the reverse fasces, creates extraordinary value differentials—especially for the 1945 Philadelphia issue, which paradoxically became the rarest Full Bands date in the entire Mercury Dime series despite its massive mintage.
This guide covers all 1945 issues including price tables by grade, the famous 1945-S Micro S variety, doubled die and repunched mint mark varieties, mint errors, and practical authentication advice. Values reflect PCGS and NGC certified coins as of November 2025, with silver priced at $47.85 per troy ounce.
How to Identify Your 1945 Mercury Dime
Mint mark location on the reverse between 'E' in ONE and the olive branch base
The Mercury Dime's distinctive design features a bust of Liberty facing left on the obverse, wearing a Phrygian cap adorned with wings. These wings symbolize "freedom of thought" but led to the public mistakenly identifying the figure as the Roman god Mercury—hence the enduring nickname. The reverse displays a Roman fasces (bundle of rods with an ax blade) bound by horizontal bands and intertwined with an olive branch, symbolizing unity, strength, and peace.
The designer's monogram "AW" (for Adolph A. Weinman) appears on the obverse in the field to the right of Liberty's neck, just above the date.
Mint Mark Location
The mint mark is located on the reverse of the coin in the lower-left field, positioned between the "E" in the word "ONE" and the base of the olive branch, just above the rim. The three possibilities are:
- No mint mark: Philadelphia Mint (159,130,000 minted)
- "D": Denver Mint (40,245,000 minted)
- "S": San Francisco Mint (41,920,000 minted)
For the San Francisco issues, examine the size and shape of the "S" carefully, as the Micro S variety features a distinctly smaller mint mark punch than the regular strike—a popular and valuable collecting specialty.
Specifications
All 1945 Mercury Dimes share these specifications:
- Weight: 2.50 grams
- Diameter: 17.90 millimeters
- Composition: 90% Silver, 10% Copper
- Silver Content (ASW): 0.0723 troy ounces
- Edge: Reeded (118 reeds)
The silver content gives the coin a current melt value of approximately $3.46 at spot silver prices of $47.85/oz (November 2025). This establishes the absolute floor price for any problem-free coin, though numismatic premiums apply to all 1945 dimes regardless of condition.
1945 Mercury Dime Values by Mint and Grade
Values are for problem-free coins certified by PCGS or NGC as of November 2025. The Full Bands (FB) designation is the critical value multiplier for uncirculated examples. All 1945 issues carry a retail numismatic premium above the $3.46 melt value.
1945 Philadelphia (No Mint Mark)
Mintage: 159,130,000
This is the most common 1945 dime by mintage but presents the series' greatest paradox. Without the Full Bands designation, it's an inexpensive coin in all grades. With Full Bands, it's the rarest issue in the entire 1916-1945 Mercury Dime series. This dramatic scarcity stems from production flaws at the Philadelphia Mint—likely related to planchet shaping or collar issues—that prevented proper band definition on virtually all coins struck. The value gap is exponential: an MS-65 non-FB is $30, while an MS-65 FB exceeds $15,000.
💡 Understanding the 1945-P FB Rarity
NGC analysis confirms this is a production flaw, not die wear. The Philadelphia Mint had "poor quality control" in 1945, with faults in planchet edging or collars. Proof: 1945-P error coins (off-center strikes) DO show sharp full bands, indicating the dies were properly engraved—the problem was in the striking process.
| Grade | Value (Non-FB) |
|---|---|
| G-4 | $4.40 - $5.00 |
| VF-20 | $4.65 - $5.00 |
| EF-40 | $4.90 - $6.00 |
| AU-50 | $5.25 - $7.00 |
| MS-60 | $10.00 |
| MS-63 | $20.00 |
| MS-65 | $30.00 |
| MS-67 | $85.00 |
| MS-68 | $1,500 |
Auction Record (Non-FB): $5,520 (PCGS MS-67, PCGS CoinFacts)
| Grade | Value (Full Bands) |
|---|---|
| MS-60 FB | $1,100 |
| MS-63 FB | $2,300 - $2,500 |
| MS-65 FB | $19,000 |
| MS-66 FB | $15,000 - $16,000 |
| MS-67 FB | $47,000 |
| MS-67+ FB | $96,000+ |
Auction Records (FB): $96,000 (PCGS MS-67+FB, PCGS CoinFacts); $15,750 (NGC MS-66FB, GreatCollections); $2,306 (NGC MS-63FB, GreatCollections)
1945-D Denver
Mintage: 40,245,000
A common date that's far more available with Full Bands than its Philadelphia counterpart. The FB designation still carries a solid premium in gem grades, but the scarcity is manageable for collectors.
| Grade | Value (Non-FB) |
|---|---|
| G-4 | $5.00 |
| VF-20 | $5.00 |
| EF-40 | $6.00 |
| AU-50 | $7.00 |
| MS-60 | $12.00 |
| MS-63 | $25.00 |
| MS-65 | $55.00 |
| MS-67 | $110.00 |
| MS-68 | $625 |
Auction Record (Non-FB): $1,600 (PCGS MS-68, PCGS CoinFacts)
| Grade | Value (Full Bands) |
|---|---|
| MS-63 FB | $45 - $55 |
| MS-65 FB | $75 - $100 |
| MS-67 FB | $300 - $350 |
| MS-68 FB | $1,800 - $2,500 |
Auction Record (FB): $18,000 (PCGS MS-68FB, PCGS CoinFacts)
1945-S San Francisco (Regular S)
Mintage: 41,920,000
Common in all grades. This category excludes the Micro S variety (covered separately below). The Regular S carries standard premiums for the Full Bands designation.
| Grade | Value (Non-FB) |
|---|---|
| G-4 | $5.00 |
| VF-20 | $5.00 |
| EF-40 | $6.00 |
| AU-50 | $7.00 |
| MS-60 | $12.00 |
| MS-63 | $25.00 |
| MS-65 | $55.00 |
| MS-67 | $225.00 |
| MS-68 | $875 |
Auction Record (Non-FB): $15,000 (PCGS MS-68+, PCGS CoinFacts)
| Grade | Value (Full Bands) |
|---|---|
| MS-63 FB | $40 - $50 |
| MS-65 FB | $165 |
| MS-67 FB | $350 - $400 |
| MS-68 FB | $2,000 - $3,000 |
Auction Record (FB): $25,300 (PCGS MS-68 CAC, PCGS CoinFacts)
1945-S Micro S (FS-512)
The Micro S variety (right) is identified by its distinctly smaller, differently shaped mint mark
Mintage: Portion of 41,920,000 (over one-third of 1945-S submissions are Micro S)
The most famous variety of 1945, identified by a distinctly smaller "S" mint mark punch. While immensely popular, it is not rare—PCGS estimates that over a third of all 1945-S dimes submitted for grading are the Micro S variety. The FB designation remains the key value multiplier. PCGS estimates that only 10-12% of Micro S dimes exhibit Full Bands.
| Grade | Value (Non-FB) |
|---|---|
| G-4 | $6.00 |
| VF-20 | $9.00 |
| EF-40 | $10.00 |
| AU-50 | $13.00 - $32.50 |
| MS-60 | $35.00 |
| MS-63 | $50.00 |
| MS-65 | $135.00 |
| MS-67 | $500.00 |
| MS-68 | $3,000 |
Auction Record (Non-FB): $2,291 (PCGS MS-68, PCGS CoinFacts)
| Grade | Value (Full Bands) |
|---|---|
| MS-63 FB | $250 - $300 |
| MS-65 FB | $800 - $875 |
| MS-66 FB | $1,500+ |
| MS-67 FB | $2,250 - $3,250 |
| MS-67+ FB | $10,000+ |
| MS-68 FB | $25,850 |
Auction Record (FB): $25,850 (PCGS MS-68FB, PCGS CoinFacts)
Grading Your 1945 Mercury Dime
Wear progression from G-4 (heavy wear) to MS-65 (full original luster)
Accurate grading is essential for determining your coin's value. Mercury Dimes are graded on a 70-point scale, with circulated coins ranging from Good (G-4) to About Uncirculated (AU-58), and uncirculated coins graded Mint State (MS-60 through MS-70).
Circulated Grades
Good (G-4): Heavy wear throughout. Date is visible but may be weak. Liberty's hair is flat with no detail. Wing feathers are completely worn smooth. On the reverse, the fasces has lost most detail, and the bands are merged or indistinct.
Very Fine (VF-20): Moderate wear on high points. Liberty's hair shows some detail, particularly above the forehead and ear. Wing feathers show partial separation. Reverse fasces bands are visible but may not show complete separation. Some original detail remains in olive leaves.
Extremely Fine (EF-40): Light wear on highest points only. Most of Liberty's hair detail is visible, with slight flatness on the highest strands. Wing feathers are well-defined. Reverse bands show good definition but may have slight weakness in the center. Original luster may be present in protected areas.
About Uncirculated (AU-50 to AU-58): Traces of wear on highest points only: Liberty's hair above forehead, cheek, and wing tips. Reverse shows slight wear on the highest bands and ax blade. Significant original mint luster remains (50-90%).
Mint State Grades
MS-60 to MS-63: No wear, but with noticeable contact marks, bagmarks, or surface imperfections. Luster may be somewhat impaired. MS-63 shows fewer marks and better eye appeal than MS-60.
MS-64 to MS-65: Attractive coins with good luster and limited contact marks. MS-65 (Gem) shows strong eye appeal, sharp strike, and minimal marks, mostly confined to non-focal areas.
MS-66 to MS-67: Premium quality with exceptional eye appeal, strong original luster, and very few marks. MS-67 (Superb Gem) is a nearly perfect business strike.
MS-68 and higher: Essentially perfect coins with full blazing luster, sharp strike, and no significant marks visible to the naked eye.
The Full Bands (FB) Designation
Full Bands requires complete separation of the central horizontal bands on the fasces
The Full Bands designation is the single most important factor for uncirculated Mercury Dimes. It's awarded to coins graded MS-60 or higher where the reverse fasces shows exceptional strike quality.
PCGS Criteria: The central horizontal bands on the fasces must be "completely separated from left to right, without any breaks, marks or gaps."
NGC Criteria: The two central bands must show "full separation" including "a small, recessed area between the individual bands." NGC also requires that the top and bottom bands demonstrate separation.
Full Bands is a strike characteristic, not a grade. The same coin graded MS-65 might be worth $30 without FB or $19,000 with FB (in the case of 1945-P). The designation indicates that the planchet was properly positioned, the dies were in good condition, and striking pressure was sufficient to bring up full detail.
🔍 Strike vs. Wear
Weak bands can result from either incomplete striking (a mint issue) or wear from circulation. A circulated coin will show wear on OTHER high points (Liberty's hair, cheek, wing) in addition to weak bands. A weakly struck uncirculated coin will have full luster and no wear on high points—only weak band definition due to striking issues.
Die Varieties: Doubled Dies and Repunched Mint Marks
The 1945 DDO FS-101 variety shows clear spread on the obverse motto
The 1945 issues offer several collectible die varieties cataloged using Fivaz-Stanton (FS) and CONECA numbering systems. These range from the popular Micro S (already covered) to scarce doubled dies and repunched mint marks that command significant premiums.
1945 (P) Doubled Die Obverse FS-101 (CONECA DDO-002)
This Class V (Pivoted Hub) doubled die is identified by a clear spread on the obverse motto "IN GOD WE TRUST." The doubling is most visible under magnification on the letters. This is a scarce variety with a volatile market.
Value Range: Circulated examples (EF/AU) trade for $150-$250. Mint State examples (MS-63 to MS-65) range from $350 to over $975. A PCGS auction record shows $978, while dealer retail for MS-65 has been listed as high as $1,706. The price variance suggests eye appeal and toning significantly affect value.
1945-D Repunched Mint Mark FS-506 (D/Horizontal D)
Cataloged as CONECA RPM-006, this variety shows a strong "D" mint mark punched over a previous "D" that was impressed 90 degrees (horizontally). The horizontal D is visible as doubling below or beside the primary D mint mark.
Value Range: This variety carries a strong premium. AU examples have sold at auction, including a PCGS AU-58 (CAC) for $188. Raw AU examples are listed around $200. Mint State examples would command several hundred dollars more depending on grade.
1945-S Repunched Mint Mark FS-503 (S/Horizontal S)
Listed as CONECA RPM-003, this major variety shows the primary "S" mint mark punched over a previously impressed horizontal "S." This is significantly rarer in high grades than the more famous Micro S variety.
Value Range: A dealer (L&C Coins) lists a PCGS MS-65 example for $4,500—demonstrating this is a true numismatic rarity for advanced specialists. The exponential value difference compared to the Micro S (MS-65 ~$135) indicates genuine scarcity.
1945-S "Trumpet S" Variety
This mint mark style variety is identified by a distinctive "S" punch where the upper and lower serifs are dramatically flared, resembling the bell of a trumpet. It's a visual variety that doesn't require magnification to identify once you know what to look for.
Value Range: This variety carries a solid mid-range premium. An NGC MS-67 has been sold through major auctions, and retail prices for MS-65 examples reach approximately $712. This places it as more valuable than base coins but less rare than the major FS-designated RPMs.
Mint Errors Worth Collecting
Off-center strike with 10-15% of design missing (values $250-$460)
With hundreds of millions of 1945 dimes produced under wartime pressure, mint errors are available to collectors. Values depend on error type, severity, grade, and eye appeal. All errors listed below have been documented through auction records.
Off-Center Strikes: The coin was improperly seated in the collar during striking, leaving a crescent-shaped blank area. Value increases with the percentage off-center, but drops if the date and mint mark are not visible. A 1945-S (AU) struck 12% off-center is documented at $249. A 1945 (MS-63) 10% off-center sold for $460. Typical range: $250-$460.
Broadstrikes: Struck without the retaining collar, causing the metal to spread beyond normal diameter. These show a plain edge instead of the standard 118 reeds. A 1945 (MS-64) broadstrike sold at auction for $360.
Struck on Defective or Underweight Planchets: Planchets that were flawed before striking—too thin, having internal flaws, or weighing significantly below the 2.5 gram standard. A 1945 struck on a defective planchet sold for over $200. A 1945 (MS-65) struck on a significantly underweight planchet (2.1 grams) sold for $840. Range: $200-$840.
Strike-Through Errors: Foreign objects (grease, cloth, metal filings) were present during the strike, leaving impressions or weak areas. A 1945-S (MS-66) with a minor strike-through on Liberty's neck sold for $95. More dramatic strike-throughs command higher premiums. Range: $95-$300.
Die Cuds and Lamination Errors: Die cuds are raised blobs of metal (typically at the rim) caused by pieces of the die breaking off. Laminations are flaws in the planchet alloy causing the metal to flake or peel. These are typically minor errors valued in the $50-$300 range depending on size and location.
⚠️ Error Authentication
Many post-mint damage occurrences can mimic errors. True mint errors occur during the striking process at the mint and show specific characteristics. When in doubt, submit valuable errors to PCGS or NGC for authentication and grading. Third-party certification is essential for resale.
Authentication: Detecting Counterfeits and Alterations
Cleaned coins show hairline scratches, unnatural brightness, and absent original luster
While common-date 1945 dimes are too inexpensive to counterfeit profitably, high-value varieties (like the $4,500 FS-503 RPM and Full Bands specimens) and key dates in the Mercury series are targets for alteration. Understanding authentication basics protects your investment.
The most common alterations in the Mercury Dime series are added mint marks and faked overdates. The 1916-D is notoriously counterfeited by adding a "D" to common 1916-P coins. While 1945 doesn't have valuable overdate varieties, varieties with premium mint marks (D, S) could theoretically be targets for mint mark addition.
Detecting Added Mint Marks: Examine the area around the mint mark under 5-10x magnification. Look for a "seam" or discontinuity in the metal surrounding the punch. Check for differences in luster or surface texture between the mint mark area and surrounding field. Verify that the mint mark style and size are correct for the year and mint—reference photos from PCGS CoinFacts or NGC are invaluable.
Counterfeit Die Detection: A known family of counterfeit Mercury Dimes can be identified by a major die flaw in the obverse motto, which reads "IN COD WE TRUST" instead of "IN GOD WE TRUST." Any dime with this obvious error is a counterfeit.
Specification Verification: Always verify standard specifications: weight should be 2.50 grams (±0.02g for wear), diameter 17.90mm, edge reeded with 118 reeds. The coin should be non-magnetic (90% silver is not attracted to magnets, though weakly magnetic contaminants could affect this test). Use a precision scale and digital calipers for verification.
Cleaned and Damaged Coins: This report's values apply only to problem-free coins. Cleaned coins are considered damaged and receive "Details" grades (e.g., "AU Details - Cleaned") from PCGS/NGC, drastically reducing value—often to melt value levels. Signs of cleaning include: (1) Fine, parallel hairline scratches visible under magnification, often in circular or wiped patterns. (2) Loss of original "cartwheel" luster—the rotating band of light that appears on properly stored uncirculated coins when tilted. (3) Unnatural brightness or "blast white" appearance on a coin that shows wear, indicating chemical dipping. When purchasing raw (uncertified) coins, especially in AU or low MS grades, examine carefully for these cleaning indicators.
Proper Storage and Preservation
Preserving your 1945 Mercury Dime's surfaces, luster, and value requires appropriate handling and storage following archival standards used by major collectors and institutions.
Handling: Never touch the coin's surfaces. Hold only by the reeded edges. Skin oils are acidic and will cause fingerprints, spots, and tarnish over time. When handling is necessary, use clean, lint-free cotton gloves.
Storage Environment: The ideal environment is cool, dark, and dry with stable temperature and low humidity. High humidity is the primary catalyst for silver tarnishing. Use of silica gel packets in storage containers to absorb moisture is strongly advised.
Recommended Storage Materials: Third-party graded holders (PCGS/NGC slabs) provide optimal protection. For raw coins, use inert hard-plastic polystyrene capsules or 2x2 flips made specifically of Mylar (polyester). These materials are inert and will not react with silver over time.
⚠️ Materials to Avoid
PVC (Polyvinyl Chloride): Never use soft, flexible plastic flips. These almost always contain PVC, which degrades over time and leaches acidic residues, causing a green, hazy, or sticky film that permanently damages the coin's surface. This damage, known as "PVC contamination," is irreversible and destroys numismatic value.
Rubber Bands: Never secure coins with rubber bands. The sulfur in rubber will react with silver, causing severe, irreversible black tarnishing.
Professional Conservation: If your coin develops toning, spots, or other issues, do not attempt to clean it yourself. Any cleaning—even with "gentle" methods—will leave microscopic scratches that destroy original surfaces and luster. Consult a professional conservation service affiliated with PCGS or NGC. In most cases, leaving the coin as-is preserves more value than attempting cleaning.
Frequently Asked Questions
How much is my 1945 Mercury Dime worth?
Value depends on mint mark, condition, and the Full Bands designation. Circulated examples range from $4-$7. Uncirculated coins without Full Bands range from $10 (MS-60) to $1,500 (MS-68) for Philadelphia, with Denver and San Francisco slightly lower. With the Full Bands designation, values jump dramatically: 1945-P ranges from $1,100 (MS-60 FB) to $96,000+ (MS-67+ FB). The Micro S variety commands premiums, reaching $25,850 in MS-68 FB.
What makes the 1945 Philadelphia Full Bands so rare?
The 1945-P has the highest mintage of any 1945 dime (159 million coins) but is the absolute rarest Full Bands coin in the entire 1916-1945 Mercury Dime series. This paradox results from production flaws at the Philadelphia Mint—likely related to planchet shaping or collar issues—that prevented proper band definition on virtually all coins struck that year. The problem was in the striking process, not the dies themselves, as proven by 1945-P error coins (like off-center strikes) that DO show sharp full bands.
How do I identify the mint mark on my 1945 dime?
The mint mark is located on the reverse (back) of the coin in the lower-left field. Look between the "E" in the word "ONE" and the base of the olive branch, just above the rim. Philadelphia coins have no mint mark. Denver coins show a small "D". San Francisco coins show a small "S"—but examine carefully, as the "S" comes in multiple varieties including the popular Micro S (distinctly smaller than normal) and the Trumpet S (dramatically flared serifs).
What does "Full Bands" mean and why does it matter?
Full Bands (FB) is a designation awarded by PCGS and NGC to coins graded MS-60 or higher where the horizontal bands on the reverse fasces (the bundle of rods) show complete separation from left to right without breaks, marks, or gaps. It indicates exceptional strike quality. The designation matters because it can increase value by 10x to 100x depending on the issue. For example, a 1945-P MS-65 is worth $30 without FB but $19,000 with FB. Full Bands is primarily a function of original strike quality at the mint, not grade.
Should I get my 1945 Mercury Dime professionally graded?
Professional grading by PCGS or NGC is recommended if: (1) Your coin is uncirculated or high-grade (AU-58+) and might qualify for Full Bands designation. (2) You believe you have a variety like Micro S, DDO, or RPM. (3) The coin is worth over $100 in raw condition. (4) You plan to sell the coin, as certified coins command higher prices and buyer confidence. For common circulated examples worth $5-$10, grading fees (typically $20-$50 minimum) exceed the coin's value, making certification impractical.
How can I tell if my coin has been cleaned?
Signs of cleaning include: (1) Fine, parallel hairline scratches visible under 5-10x magnification, often in circular or wiped patterns. (2) Loss of original "cartwheel" luster—the rotating band of light visible when tilting an uncirculated coin under a light source. (3) Unnatural brightness or "blast white" appearance, especially on a coin showing wear on high points, indicating chemical dipping. Cleaned coins receive "Details" grades from PCGS/NGC (e.g., "AU Details - Cleaned") and are worth significantly less than problem-free examples, often near melt value.
What is the silver melt value of a 1945 Mercury Dime?
The 1945 Mercury Dime contains 0.0723 troy ounces of silver (90% silver composition). At November 2025 spot prices of $47.85 per troy ounce, the melt value is approximately $3.46. This represents the absolute floor value for any problem-free coin. However, all 1945 dimes carry numismatic premiums above melt value due to collector demand. Even low-grade circulated examples (G-4) retail for $4.40-$5.00, and uncirculated coins command substantial premiums depending on grade and Full Bands designation.
Are there any valuable error coins for 1945 Mercury Dimes?
Yes. Documented 1945 mint errors include: Off-center strikes (10-15% off-center sell for $250-$460). Broadstrikes (struck without collar, showing plain edge instead of reeds, $360 for MS-64). Defective or underweight planchets ($200-$840, with extreme underweight examples commanding premiums). Strike-through errors ($95-$300 depending on severity). Die cuds and lamination errors ($50-$300). Error values depend heavily on type, severity, grade, and whether the date/mint mark remain visible. Always authenticate valuable errors through PCGS or NGC before purchase.
What's the difference between the 1945-S Regular S and Micro S varieties?
The Micro S variety uses a distinctly smaller mint mark punch than the Regular S. The Micro S is noticeably smaller and differently shaped, visible even without magnification when compared side-by-side with a Regular S example. While popular and collectible, the Micro S is not particularly rare—PCGS estimates over one-third of all 1945-S dimes submitted for grading are Micro S. It commands modest premiums: $6 (G-4) to $135 (MS-65) for non-FB examples, or $250 (MS-63 FB) to $25,850 (MS-68 FB) with Full Bands designation. PCGS estimates only 10-12% of Micro S dimes exhibit Full Bands.
Pricing Methodology and Sources
All values in this guide reflect the retail market for problem-free coins certified by PCGS or NGC as of November 2025. Primary sources include the PCGS Price Guide, NGC Coin Explorer price data, documented auction results from Heritage Auctions, GreatCollections, Stack's Bowers, and dealer retail listings from established firms including L&C Coins and Rare Coin Wholesalers.
Silver melt values are calculated using a spot price of $47.85 per troy ounce (November 2025) and the coin's actual silver weight of 0.0723 troy ounces. Melt value calculators from NGC and Stack's Bowers were used for verification.
Variety attributions follow the Fivaz-Stanton (FS) numbering system and CONECA designations as documented in Variety Vista, CONECA Master Lists, and PCGS/NGC variety attributions.
⚠️ Market Disclaimer
Coin values fluctuate based on precious metal prices, market demand, and individual coin characteristics (toning, eye appeal, strike quality). Prices shown represent typical retail values for certified coins in November 2025. Actual selling prices may vary. Dealer buy prices are typically 10-30% below retail values. Raw (uncertified) coins typically sell for 20-40% less than certified equivalents due to grading risk.
