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A Scalping That Gillette Couldn’t Handle
The U.S. Mint first produced coins in 1793. Today, the edges of dimes, as well as quarters, are rough, while that of nickels and pennies are smooth. You can check for yourself. The explanation for this began way back when the value of an individual coin depended on the amount of precious metal it contained – thus its weight. To prevent people from scraping off the coin’s edges and making new coins (and money) with the shavings, the edges were created by the mint. This would let anyone know right away that the precious metal coins had been shaved. Though no longer an issue, the practice of putting ridges continues.
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