Cryptocurrency Q&A
What is a dime made of?
What is a dime made of?
Giulia
Tue Sep 03 2024
|
6 answers
1874
Could you please elaborate on the composition of a dime? I'm curious to know what metals it's typically made from and if there have been any significant changes to its composition over time. Additionally, I'm wondering if the material used in its production has any impact on its value or durability. Could you provide some insight into this topic?
6 answers
Martina
Thu Sep 05 2024
The CORE of the clad dime is made of pure copper. This design ensures that the coin retains its weight and value over time.
Was this helpful?
382
32
AzrilTaufani
Thu Sep 05 2024
Prior to 1965, dimes were minted using a different metal composition, primarily silver. However, due to Gresham's law, these older dimes were gradually removed from circulation.
Was this helpful?
324
52
charlotte_clark_doctor
Thu Sep 05 2024
Since 1965, the composition of dimes has undergone a significant change. They are now minted using a clad metal, which is a combination of outer layers and a core.
Was this helpful?
176
89
HanbokGlamourQueenEleganceBloom
Thu Sep 05 2024
Gresham's law states that bad money drives out good money. In this context, it meant that the less valuable silver dimes were being hoarded or exported, while the more valuable coins remained in circulation.
Was this helpful?
381
37
Valeria
Thu Sep 05 2024
As a result, pre-1965 dimes became scarce in ordinary currency circulation. They were often melted down or collected, leading to a decrease in their availability.
Was this helpful?
243
36
Load 5 more related questions
