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The sizes of United States coins can help you to identify each one, but have nothing to do with their value. The first U.S. five-cent coins (nickels) were made of silver, and were smaller than the ten-cent coins (dimes) in circulation today. You may be interested to know that our coinage system, to a certain extent, has grown out of custom or, in other words, out of daily use. When United States coins were first produced in 1793, our standard coin was the silver dollar. The United States Mint produced the rest of our coins (except the one-cent coin) in a proportionate metallic content to the dollar, with the sizes regulated accordingly. The half-dime (or five-cent denomination) had 1/20th the amount of silver contained in the dollar. Our 10-cent coin contained 1/10th the amount of silver, the quarter-dollar coin (the quarter) contained 1/4th the amount, and the half-dollar coin contained 1/2 the amount. Mint officials recognized the need for a larger five-cent coin because the half-dime was exactly half the size of the dime. This proved to be too small for convenient handling by the public. Adoption of the five-cent coin as we know it today occurred in 1866. The Mint increased the coin's size and changed its metallic content from silver and copper to a combination of copper and nickel.
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