The first known currency was the Mesopotamian shekel from around 5000 years ago. Every country has its currency which includes metal and paper currencies. Today you will get to know why are dimes smaller than pennies and how many cents make a dime in the United States. You would also get to know the comparison between nickel vs dime and penny vs nickel.
1. What are Dimes?
Dime is the metal currency of the United States of America. It was first known as 1 dime. The word dime was derived from the old French word disme which means tithe or the tenth part. According to the researchers, after 2019, dimes are the only United States coin in circulation that is not denominated in terms of cents or dollars. To know why are dimes smaller than pennies, continue to read the article and get all the related answers. (See Origin of Dollar Sign)
2. What are the Dimensions of Dimes?
A dime is only 17.91 mm (0.705 inches) in diameter. It has a thickness of 1.35 mm (0.053 inches) and its mass is 2.268 g (0.0729 troy oz). It has 118 reeds, and narrow ridges carved on the borders. The Dimes have the following types, from 1796 till1946. Must read Who invented Paper and When?)
- The dime from 1796 to 1807 was named the Draped Bust.
- The 1809 to 1837 dime was named the Capped Bust.
- The 1837 to 1891 dime was named Seated Liberty.
- The 1892 to 1916 dime was known as Barber.
- The 1916 to 1945 dime got the name Winged Liberty Head (mercury).
- The one from 1946 to the present is known as Roosevelt.
3. What is the Value of a Dime?
One dime is about 0.10 of the United States dollar. It is a 10 cents coin, which is one-tenth (1/10) of 1 dollar. (See Value of Buck Dollar)
4. What are Dimes made of?
The composition of metal has changed over time for the different designs of dimes.
- The draped bust was made up of 10.76% copper and 89.24% silver.
- The Sealed Liberty dimes (all versions) and Winged Liberty Head (“Mercury”) were 90% silver and 10% copper.
- The Franklin D. Roosevelt is made of 91.67% copper and 8.33% nickel. (See How Much Would A Shilling Or A Pound Cost In Today’s Us Money?)
5. What is a Cent?
The cent is the monetary unit that is used in various countries. The word is derived from the Latin word centum meaning hundred. This value does not change irrespective of its use in different countries concerning different currencies. According to the United States dollars, 1 cent is equal to 0.01 United States dollars. So the value of 1 dollar is 100 cents. (See When Were Numbers invented?)
6. How many Cents make a Dime?
The value of a dime is 10 cents and can also be achieved with different coins like nickels and pennies.
- 5 pennies + 5 nickels = 10 cents
- 10 pennies = 10 cents
- 2 nickels = 10 cents. (See How much money is in the world?)
7. What are Pennies?
A penny is a metal currency of the United States of America. It is also referred to as a cent. The name penny was derived from the British coin of the same name and the term pennies is the plural form. Before getting the answer to why are dimes smaller than pennies, know about the dimension of pennies in detail. (See Where do Banks put their Money?)
8. What are the Dimensions of a Penny?
A penny has a diameter of about 19.05 mm (0.75 in) with a mass of 2.5 g (0.08 troy oz). It is 1.52 mm (0.0598 in) thick without any reeds on its edge. The different designs it had from 1856 till the present are as follows:
- The 1856 to 1858 penny was called the Flying Eagle Cent.
- The 1859 to 1909 penny was known as the Indian Head Cent.
- The ones from 1909 to the present are called Lincoln Cent which have 4 different names.
- From 1909 to 1958 it was called Lincoln Wheat, from 1959-to 2008 it was Lincoln Memorial, in 2009 it was Lincoln Bicentennial 4 reverse designs, and from 2010 to the present, it is Lincoln Union Shield. (See What is the Standard Door Size?)
9. What is the Value of a Penny?
1 penny or cent is about 0.01 of the United States dollar. So it is equal to one hundredth (1/100) of the United States dollar. It is the lowest valued currency in the United States. (See How Much Money Do Banks Hold?)
10. What are Pennies made of?
In the initial stages, pennies were made of only 100% copper. But after that, the metal content changed periodically.
- From 1856 to 1864, they were made up of 88% copper and 12% nickel and were known as NS-12.
- The 1864to 1942 and 1947 to 1962 editions were of bronze with 95% copper and 5% tin-zinc.
- Then, in 1943, they were made from zinc-coated steel, which came to be known as the 1943 steel cent.
- From 1944 to 1946 and from 1962 to September 1982, pennies were made of gliding metal (a form of brass) that was 95% copper and 5% zinc.
- Lastly, from October 1982 to the present, the metal used is copper-plated zinc which is 97.5% zinc and 2.5% copper. In the next segment, you will learn why are dimes smaller than pennies. (See What is Metal Made of?)
11. Why are Dimes smaller than Pennies?
The reason for the difference in their size depends largely on the metal used in them. The metal content of dimes was about 1/10th of the silver that is in one U.S. Dollar. The size of the earliest minted dimes was already very small. Therefore, it was difficult to make the pennies smaller than them.
Also, because of the reasons why are dimes smaller than pennies, they considered it would be easier to handle these coins with a relevant size difference because, at that time, the half dime (worth 5 cents) was also circulating in the economy along with 1 dime. (See Why Is the Illuminati on the Dollar Bill?)
12. What do you know about Nickel vs Dime and Penny vs Nickel?
1 nickel is worth 5 cents while 1 dime is worth 10 cents. So a dime is a smaller coin than a nickel. The metal composition of the nickel coin is 25% nickel and 75% copper. The composition of the dime is 8.33% nickel and the balance is copper.
Other than that, worth 1 penny is 1 cent, which is less than a nickel. Also, the pennies are copper-plated zinc where the composition of copper is 2.5% and the rest is zinc. All these add up to the factors why are dimes smaller than pennies. (See 14 Factors That Affect The Price of Gold)
I hope you had fun knowing why are dimes smaller than pennies and how many cents make a dime. Also, you can now easily calculate nickel vs dime and penny vs nickel. Share this information with your friends and family members who are planning to visit America. (See How to Make a Super Ball?)