According to the United States Mint, the purpose of having different sized coins is to make it easier to identify them. The size of a coin is not determined by its value, as demonstrated by the fact that a nickel is worth less than a dime but is larger in size.Continue Reading
The United States Mint explains that the sizes of coins are meant to be convenient. United States coins were first produced in 1793. The standard coin was the silver dollar, and the rest of the coins were sized in proportion to the dollar, with the exception of the penny. The five-cent coin contained one-tenth the amount of silver as the dollar, the ten-cent coin contained one-tenth the amount of silver, the quarter contained one-fourth and the half dollar contained half of the amount of silver. However, these sizes proved to be inconvenient.
The five-cent coin, or the nickel, was originally half the size of the dime and too small for the public to conveniently handle. Therefore, the United States Government adopted a new five-cent coin in 1866. The government made the coin larger and also changed its metallic content from silver and copper to a combination of copper and nickel.Learn more about Currency & Conversions
Undated 20 pence coins should be taken to the London Mint Office or other reputable coin dealers to determine their worth. In 2009, the London Mint Office, which is unrelated to the Royal Mint, offered recipients of the undated coin 50 GBP for the 20 pence coins.Full Answer >
Coin counting vending machines work by using a special mechanism that detects the size, shape and weight of coins to determine their denominations and tally the total count and value of each type. Some machines return the coins sorted into special containers, while others allow users to redeem them for gift cards, vouchers or paper currency.Full Answer >
Since 1986, the U.S. Mint has sold an average of 11.3 million Silver Eagle coins each year. The U.S. Mint does not provide production numbers of bullion sales, but it does provide sales numbers, also referred to as the mintage number.Full Answer >
There are 293 ways to make $1 using pennies, dimes, nickels, quarters, half dollars and dollar coins, according to TeachNet.com. The easiest way to make $1 using coins is with one dollar coin. The way that utilizes the most coins is to use 100 pennies.Full Answer >