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Posted: 10:14 AM Jun 14, 2009
Ask John- Why Do Some Coins Have Ridges While Others Don't?
Jimmy from Tallahassee has a question that just makes a lot of sense, so he sent it to me:
"Why do dimes and quarters have ridges on their edges but pennies and nickels don't?’’
Reporter: John RogersEmail Address: john.rogers@wctv.tv |
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Jimmy from Tallahassee has a question that just makes a lot of sense, so he sent it to me:
"Why do dimes and quarters have ridges on their edges but pennies and nickels don't?’’
Jimmy, you’re very observant.
I guess I had always taken the coins for granted and never thought much of them.
Maybe that’s because growing up, I would quickly spend any money I could get my hands on…….but anyway, why do some coins have ridges?
The U.S. Treasury department says the process of making these ridges is called ‘‘reeding’’.
But the officials there say these ridges are more than just a decoration, they served an important purpose for maintaining the worth of the coin.
These ridges were used to discourage people from illegally shaving or clipping off some of the precious metal in the gold and silver coins that the U.S. Mint used to produce.
The Federal Reserve Bank of Atlanta says dimes, quarters and half-dollars used to contain 90% silver.
But in the 1960s, there was a silver shortage, so the Coinage Act of 1965 eventually changed the composition.
Silver was eliminated from the dime and quarter and eventually taken out of the half-dollar in 1970.
Today the U.S. Mint says it uses metals that aren’t worth shaving, but the ridges have remained to help those with vision loss tell the difference between the coins, like the difference between a dime and a penny.
Thanks for your question Jimmy!
If any of you have an interesting question you’’d like answered, ask me! Just send it to:
Ask John!
1801 Halstead Blvd
Tallahassee, FL 32309
or email it to John.Rogers@wctv.tv
Be sure to let me know your name and where you’re from and if you’re lucky, I’ll answer it live on the show.
Latest Comments
Thanks Jimmy and John, I enjoy the questions and answers. Feels good to learn something new every once in a while.
Not much to report? Have you considered that we have been robbed over and over again despite our constitution? Ever notice that the Federal Reserve will not define their "Notes" as a fixed amount of gold or silver or even cow dung because they would loose their ability to steal from you by constant devaluation of the debt/slavery instruments known as Federal Reserve "Notes". The constitution states that no state shall make money from anything other than Gold or Silver. This is clearly because our founders knew that Gold and Silver has an intrinsic value that central bankers cannot manipulate downward. The purpose of reeded edges will only be "news" to some people when the true value of Federal Reserve Notes is understood by all.
Actually there was not a shortage of silver in 1965, in fact at the time u.s.a. had more silver then any country ever amassed. we started selling it at that point to try to keep the price of silver, at 1.40 an ounce. Inflation caused this not a shortage of silver. Roughly 1.40 in silver coinage is an ounce of silver, which is now worth bout 14-15. selling this silver to force down the value of silver, more in line with our coins was among the stupider things our leaders did imho
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