In 1792, the United States authorized the production of the first dime. In the legislation from Congress, the word was spelled as “disme,” but by the time the coin was minted in 1796 the spelling had changed to “dime.” The word originally comes from the French word dîme, which means tithe, or one tenth. The U.S. dime is valued at 1/10 th of a dollar i.e. 10 cents.