1927-S 10C, FB (Regular Strike)

Series: Mercury Dimes 1916-1945

PCGS MS65FB

PCGS MS65FB

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PCGS MS67FB

PCGS MS67FB

PCGS MS67FB

PCGS MS67FB

PCGS #:
4965
Designer:
Adolph Alexander Weinman
Edge:
Reeded
Diameter:
17.90 millimeters
Weight:
2.50 grams
Mintage:
4,770,000
Mint:
San Francisco
Metal:
90% Silver, 10% Copper
Major Varieties

Current Auctions - PCGS Graded
Current Auctions - NGC Graded
For Sale Now at Collectors Corner - PCGS Graded
For Sale Now at Collectors Corner - NGC Graded

Rarity and Survival Estimates Learn More

Grades Survival
Estimate
Numismatic
Rarity
Relative Rarity
By Type
Relative Rarity
By Series
All Grades 275 R-6.5 5 / 80 5 / 80
60 or Better 275 R-6.5 5 / 80 5 / 80
65 or Better 80 R-8.2 11 / 80 TIE 11 / 80 TIE
Survival Estimate
All Grades 275
60 or Better 275
65 or Better 80
Numismatic Rarity
All Grades R-6.5
60 or Better R-6.5
65 or Better R-8.2
Relative Rarity By Type All Specs in this Type
All Grades 5 / 80
60 or Better 5 / 80
65 or Better 11 / 80 TIE
Relative Rarity By Series All Specs in this Series
All Grades 5 / 80
60 or Better 5 / 80
65 or Better 11 / 80 TIE

Condition Census What Is This?

Pos Grade Image Pedigree and History
1 PCGS MS67FB

As PCGS MS66+FB #34476538. Heritage Auctions, January 4, 2018, Lot 4451 – $13,200. As PCGS MS67FB #34590901. Dell Loy Hansen; "The D.L. Hansen Mercury Dimes FB/Major Varieties Collection" (PCGS Set Registry). Streaks of olive and russet toning on the covering Liberty's cap and the left side of the obverse. On the reverse, streaks of gold, amber, and green toning wash over  rose-colored surfaces.

1 PCGS MS67FB

As PCGS MS66FB #21659562. “The Scheppman Collection,” Heritage Auctions, February 14, 2008, Lot 265 – $19,550; Heritage Auctions, January 7, 2010, Lot 2492 – $19,550. As PCGS MS66+FB CAC #06612850. Heritage Auctions, June 2, 2011, Lot 3405 – $16,100. Top pop, pop one when offered. As PCGS MS67FB #43778058. MADHATTER's "MERC MADNESS Collection" (PCGS Set Registry). Obverse toned at the top and right side in gold, green, and magenta. Fields toned on the reverse, in lime green and gold.

3 PCGS MS66+FB

As PCGS MS66 #05718410. "The Louis Bassano Collection of Mercury Dimes," Heritage Auctions, August 6, 2000, Lot 7008 - $25,300; "The Grand Prix Collection," Legend Rare Coin Auctions, March 21, 2019, Lot 134 - $18,800. As PCGS MS66+FB #05718410.  Legend Rare Coin Auctions, February 23, 2023, Lot 108 - $27,025.  Small tick on Liberty's neck. Streaks of gold toning form a diagonal pattern at the lower right of the obverse. Reverse shows salmon skin with russet toning along the lower border.

3 PCGS MS66+FB

GreatCollections, April 19, 2020, Lot 816981 – $15,188.62. Golden-rose toning with vivid magenta and purple coloration under Liberty's portrait. Small tick in cap above Liberty's temple locks. Small tick in cap below E. A patch of intense gold color dominates the lower reverse field and frames the branch and fasces.

3 PCGS MS66+FB

As PCGS MS66FB #33428713. Heritage Auctions, April 27, 2016, Lot 4598 - $19,975. As PCGS MS66+FB #33428713. Pearlescent salmon toning with blue and green highlights. Small diagonal tick on Liberty's neck. Patch of green toning under E TRUST.

#1 PCGS MS67FB

As PCGS MS66+FB #34476538. Heritage Auctions, January 4, 2018, Lot 4451 – $13,200. As PCGS MS67FB #34590901. Dell Loy Hansen; "The D.L. Hansen Mercury Dimes FB/Major Varieties Collection" (PCGS Set Registry). Streaks of olive and russet toning on the covering Liberty's cap and the left side of the obverse. On the reverse, streaks of gold, amber, and green toning wash over  rose-colored surfaces.

#1 PCGS MS67FB

As PCGS MS66FB #21659562. “The Scheppman Collection,” Heritage Auctions, February 14, 2008, Lot 265 – $19,550; Heritage Auctions, January 7, 2010, Lot 2492 – $19,550. As PCGS MS66+FB CAC #06612850. Heritage Auctions, June 2, 2011, Lot 3405 – $16,100. Top pop, pop one when offered. As PCGS MS67FB #43778058. MADHATTER's "MERC MADNESS Collection" (PCGS Set Registry). Obverse toned at the top and right side in gold, green, and magenta. Fields toned on the reverse, in lime green and gold.

#3 PCGS MS66+FB

As PCGS MS66 #05718410. "The Louis Bassano Collection of Mercury Dimes," Heritage Auctions, August 6, 2000, Lot 7008 - $25,300; "The Grand Prix Collection," Legend Rare Coin Auctions, March 21, 2019, Lot 134 - $18,800. As PCGS MS66+FB #05718410.  Legend Rare Coin Auctions, February 23, 2023, Lot 108 - $27,025.  Small tick on Liberty's neck. Streaks of gold toning form a diagonal pattern at the lower right of the obverse. Reverse shows salmon skin with russet toning along the lower border.

#3 PCGS MS66+FB

GreatCollections, April 19, 2020, Lot 816981 – $15,188.62. Golden-rose toning with vivid magenta and purple coloration under Liberty's portrait. Small tick in cap above Liberty's temple locks. Small tick in cap below E. A patch of intense gold color dominates the lower reverse field and frames the branch and fasces.

#3 PCGS MS66+FB

As PCGS MS66FB #33428713. Heritage Auctions, April 27, 2016, Lot 4598 - $19,975. As PCGS MS66+FB #33428713. Pearlescent salmon toning with blue and green highlights. Small diagonal tick on Liberty's neck. Patch of green toning under E TRUST.

Charles Morgan:

1927 was a banner year for progress in America, and San Francisco was a primary beneficiary of this economic boom. The city’s skyline was transformed by the completion of the Russ Building, a 31-story Neo-Gothic "Temple of Finance" that reigned as the tallest building in San Francisco for decades. This architectural surge reflected the era’s prosperity, as the city solidified its status as the financial hub of the West.

Transportation also reached new heights that year. On June 6, 1927, Mills Field opened with a single 5,000-foot dirt runway; this modest airfield would eventually evolve into San Francisco International Airport (SFO). Just months later, on September 16, the city’s new aviation infrastructure was validated when Charles Lindbergh landed the Spirit of St. Louis at Mills Field as part of his national victory tour, following his historic solo flight across the Atlantic.

Amid this local expansion, broader cultural shifts were taking hold. The Jazz Singer—a film whose use of blackface makes it a complicated relic today—heralded the arrival of the "talkies," while the Ford Model T gave way to the more modern Model A. On the diamond, Babe Ruth clobbered 60 home runs, leading the New York Yankees’ “Murderers’ Row” to a four-game World Series sweep of the Pittsburgh Pirates.

Yet, amid this progress, a portent of trouble emerged from Europe. Fearing a lending bubble, German central bankers implemented credit restrictions that spiked interest rates, triggering a stock market crash. By late 1929, over two million Germans were unemployed—a crisis that served as a significant catalyst for the rise of the Nazi Party.

Against this global and local backdrop, the San Francisco Mint struck seven denominations in 1927. The most consequential for collectors is the 1927-S Saint-Gaudens Double Eagle (#9188). Despite a robust mintage of over three million, the coin did not circulate widely, and only a few hundred survived the gold melts of the 1930s. Today, a typical example grades MS62 to MS63 and trades for over $55,000—a relative bargain compared to the legendary 1927-D Saint-Gaudens Double Eagle (#9187). San Francisco also struck all four silver denominations that year. The production of 2,392,000 1927-S Walking Liberty Half Dollars (#6587) marked the first halves struck at any branch mint since 1923. Meanwhile, the 1927-S Mercury Dime (#4964, #4965) saw a mintage of 4,770,000. While this emission is on the lower side for a San Francisco Mercury Dime, the issue only becomes truly scarce in Choice Mint State grades or better.

The 1927-S Mercury Dime is Ellusive in Gem or Finer

What's most striking about the 1927-S Mercury Dime is that its availability in circulated grades belies the scarcity of Mint State survivors. While the 1926-S Mercury Dime (#4958, FB #4959) is traditionally labeled a "semi-key" date by standard references, the PCGS Population Report suggests that Mint State survival rates for both dates are much closer than their disparate mintages would imply. Whether designated with Full Bands or not, the 1927-S remains scarce in Mitn State and is truly rare in Gem.

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