Why Is A Dime Smaller Than A Penny
Camila Farah
But because the dime was already a very small coin it wasn t possible to make pennies and nickels even smaller so they ended up with a coin that was larger than the dime.
Eventually other coins such as nickels and pennies were needed to make transactions easier. It s worth five cents. While the nickel is a bit larger and thicker than the penny it s certainly not five times bigger. Though the dime is the smallest us coin now in the past there were even smaller coins.
The united states used to have an intrinsic monetary system that relied on circulating precious metal coins for commerce. The modern nickel only came about in 1866 as a response to inflation during the civil war. Things get even more confusing when you consider the dime. That s equal to five pennies.
Thus the dime had to be rather small since it only had one tenth the amount of silver that the dollar coin had. I was visiting a school today and a fourth grader asked me the following question why is the dime so small the penny and nickel are both larger than the dime but the dime is worth more.
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