A Canadian Dime (0.10 CAN CAD) is a coin worth ten cents. It is the smallest of the currently issued Canadian coins in size. According to the Royal Canadian Mint, the official national term of the coin is the 10 cent piece, but in practice the term dime is universal. It is nearly identical in size to the American dime, but unlike its counterpart, the Canadian dime is magnetic due to a distinct metal composition: from 1968-99 it was composed entirely of nickel, and since 2000 it has had a high steel content.