About dimes I do shudder

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  • #609828

    Why are they smaller than nickels and pennies if they are worth more

    #982639
    charliehall
    Participant

    At one point dimes were made of more valuable silver, while nickels and pennies were copper alloys, but today all US coins have the value they have because people accept them as such; they are fiat currency just like paper money.

    #982640
    akuperma
    Participant

    Whereas a penny, even though they switched to cheaper metal, is roughly worth a cent – if a dime was still made of silver it would be worth roughly $3, or if made a silver and worth $0.10 it would be not much bigger than a pencil point.

    #982641
    gavra_at_work
    Participant

    Current dimes made for circulation have about as much silver as seawater. However, the mint does sell special dimes that contain the same amount of silver that a dime used to have.

    A nickel on the other hand has metal content approximately worth its value. That is why the government is looking into ways of making them for less.

    #982642

    There is a children’s book out there about a little boy whose father gives him a dollar. His friend offers to give him two quarters for the dollar, and he is so excited that now he has TWO pieces of money. In the same manner, he exchanges the two quarters for three dimes, then for four nickels, and finally for five pennies.

    That book made me so sad as a child.

    #982643

    Jf2 I made me want to know where I can find this kid

    #982644
    Spunk
    Member

    Canada stopped producing and is in the process of retiring all pennies, due to the fact that they cost 1.6 cents to produce.

    #982645
    👑RebYidd23
    Participant

    I like dimes. They fit into glass bottles.

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