THE GLOBAL SILVER COIN COLLECTION


Obverse
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Coin Details

  

Set Details
Coin Description:
Grade: NGC PF 70 ULTRA CAMEO
Owner: DCZAN
 
Set Category: World Coins
Set Name: THE GLOBAL SILVER COIN COLLECTION
Slot Name:
Research: See NGC's Census Report for this Coin

Owner's Description

This 2.26 grams, .900 Ag, 10 cents coin was first established by the Coinage Act of 1792 (spelled "disme" in the legislation), cent, and mill as subdivisions of the dollar equal to 1/10, 1/100 and 1/1000 dollar respectively. The first known proposal for a decimal-based coinage system in the United States was made in 1783 by Thomas Jefferson, Benjamin Franklin, Alexander Hamilton, and David Rittenhouse. Hamilton, the nation's first Secretary of the Treasury, recommended the issuance of six such coins in 1791, in a report to Congress. Among the six was a silver coin, "which shall be, in weight and value, one tenth part of a silver unit or dollar". From 1796 to 1837, dimes were composed of 89.24 percent silver and 10.76 percent copper, the value of which required the coins to be physically very small to prevent their intrinsic value being worth more than face value. Thus dimes are made small and thin. The silver percentage was increased to 90.0 percent with the introduction of the Seated Liberty dime; the use of a richer alloy was offset by reducing the diameter from 18.8 millimeters (0.740 inch) to its current figure of 17.9 millimeters (0.705 inch). With the passage of the Coinage Act of 1965, the dime's silver content was removed. Dimes from 1965 to the present are composed of outer layers of 75 percent copper and 25 percent nickel, bonded to a pure copper core. Starting in 1992, the U.S. Mint began issuing Silver Proof Sets annually, which contain dimes composed of the pre-1965 standard of 90 percent silver and 10 percent copper. These sets are intended solely for collectors, and are not meant for general circulation.

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