The Half Dime, first minted in 1794 and later replaced by the Nickel in 1866, served as the precursor to the modern Nickel. Originally struck in silver, the Half Dime provided a small denomination for everyday transactions and was an integral part of early American commerce. In 1866, the Half Dime was replaced by the Nickel, which offered a similar denomination but in a more cost-effective alloy of copper and nickel.
Why it Started
The Half Dime and later the Nickel were introduced to provide a small denomination coin suitable for everyday transactions, filling a gap between larger denominations like the Dime and smaller denominations like the Cent. The transition to the Nickel marked a shift towards more durable and cost-effective coinage materials, reflecting technological advancements and economic considerations.
Why it Changed
The Half Dime was officially discontinued in 1873 due to declining demand and the transition to the Nickel, which offered a more practical alternative for small denomination coinage. The introduction of the Nickel met the growing need for a durable and cost-effective coinage medium, leading to the gradual phase-out of the Half Dime from circulation.
| Years | Species | Front | Back | Evolve |
|---|---|---|---|---|
| 1794–1795 | Half Dime Flowing Hair | |||
| 1796–1805 | Half Dime Draped Bust | |||
| 1829–1837 | Half Dime Capped Bust | |||
| 1837–1873 | Half Dime Seated Liberty | |||
| 1866–1883 | Shield Nickel | |||
| 1883–1913 | Liberty Head Nickel | |||
| 1913–1938 | Buffalo Nickel | |||
| 1938–Present | Jefferson Nickel |