Canadians are increasingly using credit and debit cards to make purchases instead of cash, which means you might have a stash of coins laying around. If so, you may want to roll all those dimes and deposit them into your bank account or trade them in for bills that are easier to carry around and spend.
Rolling your dimes also makes the exchange process easier, but how many dimes do you need to make a roll? More importantly, how much is each roll of dimes worth?
What Is The Canadian Dime?
The Canadian dime is worth 10¢ and has been in circulation since 1922. With a weight of just 1.75g and a diameter of 18.03mm, the dime is the smallest of all Canadian coins.
Because of its composition of a variety of metals, the dime is magnetic. Between 1968 to 1999, the dime was made up of nickel. In the year 2000, the dime’s composition was changed to include a steel core and nickel and copper plating.
One side of the Canadian dime is the face of Queen Elizabeth II, and on the other is a ship known as the Bluenose schooner. However, there have been a few commemorative 10¢ coins over the years with various designs.
How Many Dimes Are in a Roll?
Each roll holds 50 dimes. Since one dime is worth 10¢, each roll of dimes is worth $5 (10¢ x 50).
How Many Coins Are In Each Roll Based On The Coin Wrapper?
Different coin rolls come in different colours to help distinguish them. And each coin roll has a specific dollar value, as illustrated in the following chart:
| Roll Colour | Coin Type | Coin Value | # of Coins/Roll | Roll Value |
| Blue | Nickel | 5¢ | 40 | $2 |
| Green | Dime | 10¢ | 50 | $5 |
| Orange | Quarter | 25¢ | 40 | $10 |
| Black | Loonie | $1 | 25 | $25 |
| Purple | Toonie | $2 | 25 | $50 |
How To Exchange Dimes For Cash
If you have a pile of dimes, you may want to trade them in for paper cash. It’s a lot easier to carry around a couple of bills instead of a bag of heavy coins. Luckily, there are a variety of places that will exchange your coins for paper notes.
Banks
Banks will take your dimes and exchange them for paper cash. Businesses typically depend on the bank to provide them with cash and coins for their daily transactions.
Retailers, for instance, take cash for purchases, despite credit card transactions becoming increasingly popular. As such, banks are always in need of cash and coins to have available for their business customers.
Some banks may even accept loose change without the coins packaged in rolls. However, some may require that the dimes first be rolled before they deal with your coin exchange. You may want to call ahead and ask what the requirements are.
Local Businesses
As mentioned, certain types of businesses may require change when completing cash purchase transactions with customers. You may want to consider approaching a local business to see if they’re willing to exchange paper cash for your stash of dimes.
Coinstar Kiosks
In grocery stores across Canada, there are Coinstar kiosks that will take your coins in exchange for paper cash. Your dimes can be loose, so there’s no need to roll them before taking them to a nearby kiosk. Just place them in the machine, and all the sorting will be done for you. You’ll pay an 11.9% processing fee to use these kiosks.
Visit the Coinstar website and type in your location to find a kiosk near you.
Coinstar Gift Cards
To avoid paying the 11.9% processing fee at a Coinstar kiosk, you can opt for a Coinstar eGift card instead. You can then use the card to make purchases at participating stores and restaurants.
Additional Reading
Frequently Asked Questions
How many dimes go in a roll?
How many rolls of dimes do you need for $2?
How many rolls of dimes do you need for $5?
How many rolls of dimes do you need for $10?
How Many Dimes Do You Need For $20?
How many dimes are in circulation in Canada?
Final Thoughts
If your coin jar is full and you’re not doing anything with all that money, consider rolling them and trading them in for cash. You may be pleasantly surprised at how much money you’ve managed to accumulate in dimes.
