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dime (United States coin)

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dime (United States coin)
NameDime (United States coin)
CountryUnited States
Denomination10 cents
UnitUnited States dollar
Mass2.268 g
Diameter17.91 mm
Thickness1.35 mm
EdgeReeded
Years of minting1796–present
Obverse designFranklin Roosevelt
Obverse designerJohn R. Sinnock
Obverse design date1946
Reverse designTorch, oak branch, olive branch
Reverse designerJohn R. Sinnock
Reverse design date1946

dime (United States coin) The United States dime is a ten-cent coin and the smallest circulating United States coin by physical size. Historically significant in American numismatics, the dime has been issued by the United States Mint since the 1790s and features multiple designs tied to figures such as Franklin D. Roosevelt and themes linked to World War II, Great Depression, and twentieth-century American iconography. Its usage intersects with institutions including the Federal Reserve System, Treasury Department, and collectors associated with the American Numismatic Association.

History

The dime traces roots to early republican coinage debates involving figures like Alexander Hamilton and Thomas Jefferson during the 1790s and the establishment of the United States Mint Act of 1792 alongside the original Philadelphia United States Mint (1792) facilities. Early patterns and denominations were influenced by European models such as the Spanish dollar, British pound sterling, and French coinage circulating in the American Revolutionary War aftermath. Designs evolved through issues like the Draped Bust and Capped Bust types linked to engravers such as Robert Scot and John Reich, and later to artist-engravers including William Kneass and Christian Gobrecht. Legislative acts—such as those debated in the United States Congress during the 1830s and the Coinage Act of 1873—altered metallic standards and impacted dime composition alongside debates involving industrial leaders in the Second Industrial Revolution. Twentieth-century reforms, presidential influence from Franklin D. Roosevelt, and wartime exigencies during World War II prompted design and metal changes coordinated through the United States Treasury and the United States Mint (Philadelphia), with commemorative considerations sometimes involving agencies like the Smithsonian Institution.

Design and features

The modern obverse portrays Franklin D. Roosevelt rendered by John R. Sinnock in 1946, reflecting Roosevelt's association with the March of Dimes campaign launched by Eunice Kennedy Shriver and President Harry S. Truman's administration ties. The reverse displays a torch flanked by an olive branch and an oak branch symbolizing liberty, peace, and victory, motifs referenced in works by artists and sculptors such as Daniel Chester French and Gutzon Borglum in broader American iconography. Design modifications have been reviewed by the Citizens Coinage Advisory Committee and legal authorities including the Secretary of the Treasury and legislative oversight from members of the United States Senate and the United States House of Representatives. The dime's reeded edge, a feature also used on coins like the quarter (United States coin) and half dollar (United States coin), was historically intended to deter clipping, a concern voiced during debates involving John Jay and other early republic leaders.

Composition and specifications

From its inception, the dime's composition shifted among silver, billon, and base-metal alloys; early issues used standards tied to the Bimetallism debates that included policy discussions among economists like Milton Friedman's predecessors. Pre-1965 dimes contained 90% silver and 10% copper, reflecting standards set by the Coinage Act of 1792 and later codified by statutes debated in the Thirty-eighth United States Congress. Post-1965 dimes shifted to a clad composition combining outer layers of cupronickel bonded to a pure copper core, a change implemented under oversight from officials such as Treasury Secretary C. Douglas Dillon and enacted alongside the Coinage Act amendments responding to bullion market pressures influenced by traders in London and policymakers monitoring the Bretton Woods system's collapse. Modern specifications—2.268 grams mass, 17.91 mm diameter, 1.35 mm thickness—are maintained by standards set at facilities like United States Mint (Philadelphia) and United States Mint (Denver).

Minting and production

Minting has occurred at facilities in Philadelphia, Denver, San Francisco, and historically at branch mints in New Orleans, Carson City, and Charlotte. Chief engravers and Mint Directors such as James B. Longacre, Christian Gobrecht, and Fritz Rudolf influenced production techniques including hub-and-die systems, reduction lathe transfers, and modern computer numerical control machinery procured under administrations that included President Dwight D. Eisenhower and President Franklin D. Roosevelt. Mintage figures vary widely across years, influenced by demand from Federal Reserve Banks and governmental coinage orders tied to events like World War I, World War II, and economic adjustments during the Great Depression. Special mint marks—P, D, S—identify production locations and are of interest to numismatists tracking provenance linked to the United States Mint's archival records.

The dime is legal tender for all debts public and private under statutes administered by the United States Department of the Treasury and interpreted in cases by courts including the United States Court of Appeals and the Supreme Court of the United States. Circulation is managed by the Federal Reserve System, which distributes coin stock to depository institutions including Wells Fargo, JPMorgan Chase, and regional banks. Coin shortages, distribution logistics, and policy responses have involved coordination with agencies such as the Federal Emergency Management Agency and programs like the Small Business Administration in extraordinary circumstances. Cash usage trends intersect with initiatives by United States Postal Service and retail systems run by corporations like Walmart and Target.

Collecting and numismatics

Collectors study varieties, mint errors, and graded conditions evaluated by organizations like the Professional Coin Grading Service, Numismatic Guaranty Company, and the American Numismatic Association. Key collectible issues include early Seated Liberty dimes, rare Barber dates, and low-mintage examples from branch mints such as Carson City and New Orleans. Auction houses and marketplaces run by firms like Heritage Auctions, Stack's Bowers, and Sotheby's handle high-value pieces; provenance research may involve archives at the Smithsonian Institution National Numismatic Collection and historical records from the United States Mint.

The dime figures in American idioms like "not worth a dime" and philanthropy through the March of Dimes, founded by Eunice Kennedy Shriver and tied to public figures including Franklin D. Roosevelt. It appears in literature by authors such as Mark Twain and F. Scott Fitzgerald and in films involving directors like John Ford and actors like James Stewart and Marilyn Monroe. The dime's imagery has been used in commemorative designs, educational exhibits at institutions like the American Numismatic Association Museum and National Museum of American History, and in campaigns by civic organizations including the Rotary International and United Way.

Category:Coins of the United States