Wondering how many dimes are in a roll in Canada? Keep reading to find out.
As the second lowest denomination of coin in Canada, dimes are used for everyday transactions from grocery stores, charity donations, and parking meters to vending machines.
Understanding the number of dimes in a roll can be helpful for shopping, counting, transporting, saving, or distributing.
In this article, we will explore the number of dimes in a roll, how to roll dimes, where to buy them and so on.
Table of Contents
What Is a Canadian Dime?
The Canadian dime is a Canadian coin currency worth one-tenth of a Canadian dollar.
In comparison to other Canadian coins, the dime is the second smallest coin in Canada in terms of face value.
A dime has a diameter of 18.03mm, a thickness of 1.22mm and weighs 1.75g. It was first introduced in 1858 as part of the decimalization of the currency system.
Initially, the dime was made of silver, but since 1965, it has been made of a base metal alloy of nickel and copper.
The obverse of the dime features the profile of Queen Elizabeth II while the reverse of the coin features a design specific to the theme of the coin.
For example, in the past, the dime featured the Maple Leaf, marching mothers and a mackerel to commemorate special events.
However, the dime in circulation features a bluenose racing schooner.
The Canadian dime is also a durable coin and is made to withstand the wear and tear of daily use. It is also resistant to tarnishing and corrosion, making it a reliable coin for everyday transactions.
How Many Dimes are in a Roll in Canada?
A roll of dimes contains 50 coins with a total monetary value of $5. This makes it the most densely packed roll, compared to other coins in Canada.
The coin rolls for dimes are elegantly packaged in a distinctive green colour although dimes are silver in colour.
If you have dozens of loose dimes, you can easily roll them up and deposit them into your savings account or make purchases.
What is the Value of a Roll of Dime?
A roll of dime has a face value of $5. Based on this, the following is the number of dimes you need to roll to get up to $100.
- 100 dimes = $10
- 150 dimes = $15
- 200 dimes = $20
- 250 dimes = $25
- 300 dimes = $30
- 350 dimes = $35
- 400 dimes = $40
- 450 dimes = $45
- 500 dimes = $50
- 1000 dimes = $100
It’s worth noting that a dime roll can be worth more than its face value of $5. The overall value of a dime roll depends on the rarity of the coin and the collector’s value.
How Do I Roll a Dime?
Rolling dimes can be quite a tedious task given their low face value. However, you can roll any coin successfully if you know the right steps to follow.
The following are the step-by-step processes on how to roll a dime:
- Purchase or create coin wrappers that will contain the volume of your coin rolls
- Gather the coins you want to roll
- Sort the coins by five or ten for easy counting. Remember each dime roll consists of 50 dimes.
- Take one wrapper and fold one end over the other, creating a crease. Open the wrapper up and place a dime inside.
- Hold the wrapper with the dime inside and use your thumb to press the dime down towards the folded end. This will cause the wrapper to crease and seal around the coin, keeping it in place.
- Repeat steps 3 and 4 for all of the remaining dimes
Once wrapped, you can use the dime for the purpose you intend to such as shopping, exchanging, distributing, saving, or transporting.
Why Should I Roll Dimes?
The importance of rolling dimes can’t be overemphasized as it helps you maximize the value of loose dimes.
Here are a few reasons why you should consider rolling dimes:
- Rolling dimes allows you to store a large number of coins in a small space.
- It saves you time in counting your loose coins
- It is easy to take them with you to the bank or coin dealer to exchange for cash or other coins.
- Rolling dimes help you organize your coins for easy access
The bottom line is, the importance of rolling a dime is entirely in your favour.
Where Can I Buy?
One option for purchasing dimes is through a bank. Banks usually have a large supply of coins and can provide them at face value.
This means that you will pay the same amount for the dimes as their monetary value, without any additional fees or markup.
Major banks in Canada also have coin-counting machines that will dispense dimes, as well as other coins, in exchange for cash or a deposit into your account.
There are also other options for obtaining dimes. These include:
- Coin dealers or coin shops
- Online coin retailers
- Collectible coin shows
- Second-hand stores
- Royal Canadian Mint
One thing to keep in mind is that sometimes banks and coin dealers might charge a small fee for each roll of coins you purchase.
Where Can I Deposit?
You can deposit your rolled dimes at most banks and credit unions. Many financial institutions have coin-counting machines that can quickly count your rolled dimes.
These machines can convert the total face value of your dimes and make them available for a deposit.
Some banks and credit unions may have specific policies or procedures for depositing rolled coins, so it’s a good idea to check with the institution beforehand.
You can also deposit your rolled dimes at the Royal Canadian Mint through their coin exchange program. It allows Canadians to exchange non-circulating coins for their face value in Canadian currency.
You can also deposit the dimes in a roll at coin-counting machines in some grocery stores and other retailers.
How Can I Collect Special Dimes in Canada?
Special dimes, also known as “variety coins,” are dimes that have been produced with a unique or unusual feature, such as a double date, a missing mint mark, or a different metal composition.
To start collecting special dimes, you will first need to familiarize yourself with the different types of special dimes that have been minted in Canada.
This can be done by researching online, visiting coin-collecting forums, or consulting with experienced coin collectors.
Once you have a good understanding of the types of special dimes that are available, you can begin searching for them in your pocket change, at coin shows and conventions, or through online coin dealers.
When purchasing coins, it is important to make sure that you are buying from a reputable seller and that the coins are properly graded and authenticated.
You can also consider joining a coin-collecting club or society to connect with other coin enthusiasts and learn more about this hobby.
Canadian Coin Rolls and Values
If you spend with cash frequently, chances are that you have various coins lying down beyond dimes.
Knowing the number of coins on each Canadian coin roll will help you organize your coins appropriately.
The thing is, each coin roll has a different size, value, and colour. As such, it’s easy to also get confused about how many coins are in a nickel roll, quarter roll, loonie roll and toonie roll.
Below is a table that summarizes the different Canadian coin rolls, wrapper colours and their values in Canadian currency:
|Coin face value
|$ of coins in a roll
|Value of coin roll v
As you can see, each Canadian coin roll (except for nickel and quarter) has the same number of coins.
Also, the value of the roll coins, weights and wrapper colours vary significantly.
With this information, you can now categorize all your coins in their varying rolls and wrap them with the appropriate colour.
A roll of dimes may seem insignificant, but don’t underestimate the power of small change – it can add up to big savings over time.
if you saved $5 every week for a year, that’s $260. And that’s just from dimes! Imagine how much you could save if you added in other small denominations like nickels and quarters.
So, next time you’re tempted to toss those dimes in a jar or leave them in your pocket, make sure to roll them up according to their category.
Remember, every little dime counts!”
FAQs on Dime Roll in Canada
How much change is in a dime roll?
A dime roll in Canada contains 50 dimes, with a face value of $5.
What year dimes are worth collecting?
Dimes from before 1967, which were made of silver, are worth collecting as they have a higher intrinsic value due to their silver content.
What is the maximum limit to accept dimes in Canada
The Royal Canadian Mint does not have a specific maximum limit for accepting dimes in Canada.
However, some financial institutions may have policies or limits on the amount of rolled dimes they will accept.