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Half dime
From Wikipedia, the free encyclopedia
The half dime was a silver coin, valued at five cents, formerly minted in the United States.
The denomination was one of the original coins first authorized in 1792, and production began the following year. These coins were much smaller than dimes, in diameter and thickness, appearing to be "half dimes". In the 1860s, powerful nickel interests successfully lobbied for the creation of new coins, which would be made of a copper-nickel alloy; production of such coins began in 1865 and were struck in two denominations — three cents and five cents (the latter debuting in 1866).
The introduction of the copper-nickel five-cent pieces rendered the silver coins of the same denomination redundant, and they were discontinued in 1873.
The following types of half dimes were produced by the United States Mint:
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In 1978 a coin collector surprised the coin collecting community with an 1870-S half dime. According to mint records for 1870, no half dimes had been minted in San Francisco; yet, here was a genuine 1870-S half dime. At an auction later that same year, the 1870-S half dime sold for $425,000.
Canada also once used silver coins of five-cent denomination; they were colloquially referred to as "fish scales," due to the fact that they were very thin (the term "half dime" never having been used in Canada), and were produced until Canada also switched to nickel five-cent pieces in 1922. With the decision to change to nickel, the remaining stock of 5 cent silver, including almost all of the 1921 production, was melted down. Only about 400 examples of the 1921 5 cent survive today and these coins rank among the best known rare coins in the annals of Canadian numismatics.
| Preceded by Denomination Created |
Five Cent Coin of the United States 1792–1873 |
Succeeded by Nickel |
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| Topics | United States coinage · United States dollar · History of the United States dollar · Large denominations of currency |
| Coins | Half cent · Large cent · Two-cent piece · Three-cent piece · Half dime · Twenty-cent piece · Trade Dollar |
| Gold Coins | Gold dollar · Quarter Eagle ($2.50) · Three-dollar piece · Stella ($4) · Half Eagle ($5) · Eagle ($10) · Double Eagle ($20) |
| Currency | Compound Interest Treasury Note · Demand Note · Federal Reserve Bank Note · Gold Certificate · Interest Bearing Note · National Bank Note · National Gold Bank Note · Refunding Certificate · Silver Certificate · Fractional currency · Treasury or 'Coin' Note · United States Note |