1931-S 10C, FB MS (PCGS# 4987)
The March 2012 Baltimore Auction
Lot Number: 4064
View the Original Auction
1931-S Mercury Dime. MS-67 FB (NGC). A low mintage date with a mere 1,800,000 struck at a time when precious few were saved. This piece has exceptional surface quality to earn the MS-67 grade, an achievement that is extraordinary in itself as just two have been seen at this level by NGC with the Full Bands designation, and none are finer. Toned with a mix of russet-gold and yellow with both sides showing this feature, as commonly seen a bit deeper near the rims. Full satiny luster in the fields, and the surfaces are simply stunning in quality. Despite considerable searching and tremendous financial incentive, for NGC to have awarded just two examples of this date as MS-67 Full Bands pretty much confirms the true condition rarity of the 1931-S dime at this grade level.<br />
Mintages tricked down as our country and much of the world, woke up to the hangover of the debt induced party of the 1920s. By 1931 the economy was crumbling, sales of all goods were dismal, and jobs were becoming harder to find with each passing week as more and more companies closed their doors. Hence demand for coinage was limited, and the mintages sank on issues like this San Francisco dime of 1931. Today these are highly prized and at this grade worthy of the most advanced collection.