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These coins are very often called "Mercury head" dimes because the winged cap worn by Lady Liberty resembles that worn by the god Mercury. In lower grades their value is determined mostly by the fact that they were made from 90% silver. Their melt value is about 0.07 times the current price of silver; a dealer will pay less.

If the coin is in better shape, look on the to see if there's a small mint mark letter next to the E in ONE. It may be blank or there may be a D or S. (The W on the front of the coin is the designer's monogram and not a mint mark.)

Numismedia lists the following approximate retail values as of 03/2013:

No mint mark (Philadelphia):
Almost no wear - $6
Uncirculated - $8 to $425 depending on quality

"D" mint mark (Denver):
Almost no wear - $9
Uncirculated - $18 to $375

"S" mint mark (San Francisco):
Almost no wear - $10
Uncirculated - $19 to $880

DISCLAIMER: The retail values quoted are the best available as of the date shown, but may vary significantly due to changes in the precious metals market. Also the wholesale (buying) price of a coin will be less than the selling (retail) price. A reputable coin dealer will be able to give a more accurate valuation based on inspection of the coin.

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Q: What is the value of a 1937 mercury dime?
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