<Li> Winged Liberty Head (Mercury) 1916--1945 </Li> <Li> Roosevelt 1946--present </Li> <P> The Coinage Act of 1792, passed on April 2, 1792, authorized the mintage of a "disme", one - tenth the silver weight and value of a dollar . The composition of the disme was set at 89.24 percent silver and 10.76 percent copper . In 1792, a limited number of dismes were minted but never circulated . Some of these were struck in copper, indicating that the 1792 dismes were in fact pattern coins . The first dimes minted for circulation did not appear until 1796, due to a lack of demand for the coin and production problems at the United States Mint . </P> <P> The first dime to be circulated was the Draped Bust dime, in 1796 . It featured the same obverse and reverse as all other circulating coins of the time, the so - called Draped Bust / Small Eagle design . This design was the work of then - Chief Engraver Robert Scot . The portrait of Liberty on the obverse was based on a Gilbert Stuart drawing of prominent Philadelphia socialite Ann Willing Bingham, wife of noted American statesman William Bingham . The reverse design is of a small bald eagle surrounded by palm and olive branches, and perched on a cloud . Since the Coinage Act of 1792 required only that the cent and half cent display their denomination, Draped Bust dimes were minted with no indication of their value . </P>

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