Step 1 :Let's denote the number of quarters as 'q' and the number of dimes as 'd'.
Step 2 :From the problem, we can derive two equations: \(q + d = 63\) (since the total number of coins is 63) and \(0.25q + 0.10d = 11.10\) (since the total value of the coins is $11.10).
Step 3 :Solving this system of equations gives us the values of 'q' and 'd'.
Step 4 :The solution to the system of equations is {d: 31, q: 32}, which means there are 31 dimes and 32 quarters in the bag.
Step 5 :Final Answer: There are \(\boxed{32}\) quarters and \(\boxed{31}\) dimes in the bag.