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.Know More
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 in Currency & Conversions
Tests done on coins reveal that most of them have small amounts of dirt and bacteria that are too low to cause people any harm. The metal in coins acts as a natural barrier to the growth of bacteria, which require ideal surfaces and temperatures to thrive. In one test, low levels of the staphylococcus bacteria were found around the edges of coins that had sat inside of purses.Full Answer >
Coins are an important part of currency and economies worldwide and have been used to pay for goods and services for thousands of years. The durability and convenience of coins cannot be matched by paper money, according to the Washington Post.Full Answer >
"Republique Francaise" is the native name of France. Any coin that was issued as currency in France prior to the introduction of the Euro would be a coin of the "Republique Francaise."Full Answer >
To exchange loose change for bills, or to use coins more effectively, it helps to roll them. Rolling refers to putting the coins into wrappers in neat stacks with the correct amount of money per stack. By convention, each roll of pennies holds 50, a roll of nickels hold 40, dimes have 50 to a roll and a roll of quarters holds 40. Many locations have machines that roll coins for a small fee.Full Answer >