Analysis of Mariner 10 stereoscopic images of the surface of Mercury suggest that ancient, intercrater plains consist in part of visually indistinct but topographically defined circular depressions inferred to be highly degraded craters and basins. Embayment of some craters within the heavily cratered terrain and transection of basins and craters by intercrater plains suggest that formation of at least some intercrater plains postdates the later portions of the bombardment of Mercury by large objects. On the other hand, superposition of crater ejecta onto portions of intercrater plains in other areas indicates that some large craters formed into a pre-existing, intercrater plains unit. A single episode of obliteration (to form intercrater plains) or bombardment (to produce the large craters) cannot be reconciled with available observations. A more complex history of contemporaneous crater and plains formation is suggested.