Nickels Dimes facts

While investigating facts about Nickels Dimes And Quarters Word Problems and Nickels Dimes And Quarters, I found out little known, but curios details like:

The price of a bottle of Coca-Cola stayed at a nickel for over 70 years. As a result, vending machines only took nickels, and before raising prices to a dime the president of the company asked President Eisenhower to mint 7.5 cent coins to keep the increase reasonable.

how many nickels and dimes make a dollar?

In 1953, Coca Cola attempted to persuade the US Treasury to mint a 7.5 cent coin; a can of Coke had been a nickel since 1886 and needed to be raised due to inflation, but they felt a dime was too much.

What are nickels and dimes made of?

In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what are nickels dimes and quarters made of. Here are 13 of the best facts about Nickels Dimes Quarters Math Problem and Nickels & Dimes Inc I managed to collect.

what year are silver nickels and dimes?

1. NYC Mayor Fiorello La Guardia banned pinball in the 1940s as gambling that emptied the "pockets of schoolchildren in the form of nickels and dimes given them as lunch money". All pinball machines were rounded up and smashed dramatically by the mayor, before being dumped into city rivers.

2. John D. Rockefeller - the wealthiest man of all time - gave a dime to children wherever he went. When the Great Depression came around, he started giving nickels instead.

3. The US Mint takes a loss on penny and nickel production, costing 1.7 and 8 cents, respectively. However, with dimes and quarters costing 3.9 and 8.95 cents to produce, the US nets nearly $400M/year because of “seigniorage”, the difference in costs to create all currency and face-values.

4. The United States pays 1.8 cents to mint a penny, and 9.4 cents to mint a nickel. But dimes only cost 4.6 cents.

5. It costs the U.S. Mint 11.18 cents to make a single nickel, but only 5.65 cents to produce a dime.

6. Pinball was banned beginning in the early 1940s until 1976 in New York City. New York mayor Fiorello La Guardia was responsible for the ban, believing that it robbed school children of their hard earned nickels and dimes.

7. The act that created the US $ also created its 4 divisions: the cent 1/100, mil 1/1000, dime 1/10 and eagle 10x. This is why a penny says One Cent and a dime says One Dime. But a quarter says Quarter Dollar and a nickel Five Cents. There are also gold coin Eagles $10 & Double Eagles $20.

8. Pinball machines were banned from New York city from the early 1940s to 1976 because the Mayor believed that it was a game of luck and that it robbed school children of their hard earned nickels and dimes.

9. Depending on the coin placed on military headstones, reflects the relationship the visitor had with the deceased: Penny, grave visited & respects were paid; Nickel, spent boot camp time together; Dime, served alongside with soldier; Quarter, present at the time when the deceased fell.

10. One pound of any combination of quarters, nickels, dimes, or half dollars will value $20.

Why are dimes smaller than nickels?

You can easily fact check why are dimes worth more than nickels by examining the linked well-known sources.