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The "W" is part of the monogram of the designer A. A. Weinmann. At that time there was (a) no mint at West Point and (b) nearly all coins had their mint marks on the reverse side, unlike modern coins.

Mercury dimes had their mint mark in the space to the right of the word ONE on the dime's back. For a 1923 dime it will either be blank or have a small "S".

If it's blank, the coin might retail for $2 to $5 depending on condition. If it has an "S", the value could be up to $50 if only slightly worn.

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Q: What is 1923 w dime worth?
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