How much does a dime weigh? What are pennies made of? Find out in the table below, which gives specifications for U.S. Mint legal tender coins presently in production for annual sets. Specifications for the American Innovation $1 Coins and Native American $1 Coins are the same.
My Big Coin, New York, New York. 240,090 likes 44 talking about this 2 were here. MY BIG COIN IS A VIRTUAL CURRENCY You can send them to anyone around the world or buy, sell, trade, shop. Multiply that figure by the exact weight of the silver contained in the coin are seeking (see chart above), and you will have the melt value of the coin. Example: Morgan Dollar Spot Silver Price (as of 03/19/10): $17.36 $17.36 divided by = $0.3 ($0.558 per gram) $0.558 X 24.0566 = $ ($13.42 per unit) Value of.
| Denomination | Cent | Nickel | Dime | Quarter Dollar | Half Dollar | Dollar |
|---|---|---|---|---|---|---|
| Composition | Copper Plated Zinc 2.5% Cu | Cupro-Nickel 25% Ni | Cupro-Nickel 8.33% Ni | Cupro-Nickel 8.33% Ni | Cupro-Nickel 8.33% Ni | Manganese-Brass 88.5% Cu |
| Weight | 2.500 g | 5.000 g | 2.268 g | 5.670 g | 11.340 g | 8.1 g |
| Diameter | 0.750 in. 19.05 mm | 0.835 in. 21.21 mm | 0.705 in. 17.91 mm | 0.955 in. 24.26 mm | 1.205 in. 30.61 mm | 1.043 in. 26.49 mm |
| Thickness | 1.52 mm | 1.95 mm | 1.35 mm | 1.75 mm | 2.15 mm | 2.00 mm |
| Edge | Plain | Plain | Reeded | Reeded | Reeded | Edge-Lettering |
| No. of Reeds | N/A | N/A | 118 | 119 | 150 | N/A |
Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! Bitcoin can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. But much of the hype is about getting rich by trading it. The price of bitcoin skyrocketed into the thousands in 2017.
Bitcoin (BTC) prices - Nasdaq offers cryptocurrency prices & market activity data for US and global markets. Big Coins, Big Crimes. Before his arrest, Randall Crater, the man in question, had been running My Big Coin Pay Inc., which claimed to be a cryptocurrency as well as a payment services company with its headquarters in Nevada.
By analogy it is like being able to send a gold coin via email. It is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.
Why bitcoin?
Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.
Buying bitcoins
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Many marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. Coinbase is a leading exchange, along with Bitstamp and Bitfinex. But security can be a concern: bitcoins worth tens of millions of dollars were stolen from Bitfinex when it was hacked in 2016.
Transfers
People can send bitcoins to each other using mobile apps or their computers. It’s similar to sending cash digitally.
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Mining
People compete to “mine” bitcoins using computers to solve complex math puzzles. This is how bitcoins are created. Currently, a winner is rewarded with 12.5 bitcoins roughly every 10 minutes.
Bitcoin wallet
Bitcoins are stored in a “digital wallet,” which exists either in the cloud or on a user’s computer. The wallet is a kind of virtual bank account that allows users to send or receive bitcoins, pay for goods or save their money. Unlike bank accounts, bitcoin wallets are not insured by the FDIC.
Wallet in cloud: Servers have been hacked. Companies have fled with clients’ bitcoins.
Wallet on computer: You can accidentally delete them. Viruses could destroy them.
The anonymity of bitcoin
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Though each bitcoin transaction is recorded in a public log, names of buyers and sellers are never revealed – only their wallet IDs. While that keeps bitcoin users’ transactions private, it also lets them buy or sell anything without easily tracing it back to them. That’s why it has become the currency of choice for people online buying drugs or other illicit activities.
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Bitcoin’s future in question
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No one knows what will become of bitcoin. It is mostly unregulated, but some countries like Japan, China and Australia have begun weighing regulations. Governments are concerned about taxation and their lack of control over the currency.