AboutMyCoin1940-S Mercury Dime in FR2
A 1940-S Mercury dime graded FR2 is that coin in one particular state of preservation — the date and the mint mark are already fixed, and FR2 is what a grader called the surface that survived. What that looks like on this coin is below. The nearest grade of this date this site does have a researched figure for is Very Fine (VF-20), at $7 to $11, from sales and public data.
What FR2 means
A 1940-S Mercury dime in Fair (FR-2) is worn nearly smooth but reads more completely than the grade below it: the date and the mint mark are clear without effort, LIBERTY around the cap, the date, and the designer’s AW below the neck survive in part rather than in trace, and the high points of the wing and the hair above Liberty’s ear are flat with the outline of the design still following its edges. The rim is worn well into the lettering the whole way round.
A slab, a dealer’s list or a price guide may write this grade FR-2. They are the same grade and the same 1940-S Mercury dime.
Where this grade sits
The grades a 1940-S Mercury dime is given run from PO1 to MS70. One step up from FR2 is About Good (AG-3). In general terms, the higher the grade the more the coin is worth.
A blank in the value column is a grade this site has not researched, not a grade the coin is worth nothing in.
How to check this yourself
Sold listings, not asking prices. The link below is already filtered to completed sales of a 1940-S Mercury dime in FR2, which is the difference between what somebody paid and what somebody hoped for. Until this site has a researched figure for this grade, that search is the answer — take the middle of several recent sales rather than the highest.
The metal floor under it
$4.65
0.0723 troy oz silver × $64.38 per troy ounce
$64.38/ozt, based on spot prices at 23 September 2026 19:59 UTC
Whatever the market does, a 1940-S Mercury dime cannot be worth less than the metal in it. That figure is what the premium for FR2 is measured against, and it moves with the metal price rather than with the coin market.
Where these figures come from
We gather publicly available data from several public sources including eBay, PCGS, NGC, Numista, USA Coin Book, PriceCharting, and others.
Not an appraisal. AboutMyCoin estimates from published specifications and does not authenticate or grade coins.
1940-S Mercury Dime: every grade, the metal and the specification →