Learn useful skills in naming coin and paper money values with our fun approach. This topic is about learning the US currency, its values, unique names, and exceptional peculiarities.
The interesting and useful facts that are included in this article will help you distinguish the common banknotes and coins of the USA.
Making financial decisions and handling money are essential life skills, and they should be taught to children at a young age.
The most important things that you should first teach kids about money are how to identify it and make a change.
Money comes in various shapes and sizes. There are coins and paper money. And each money unit has its value that is used to pay for numerous things.
At a certain age, children should already know how to identify, count, and change money. But teaching kids about money can sometimes be an overwhelming task.
Below you will find interesting and compelling ways to teach kids about money.
Like everywhere else in the world, people in the United States of America use paper banknotes (also called “bills”) and metal coins to pay for goods and services. The paper banknotes are called Dollars and have the sign of $. They are also known as USD meaning US Dollars.
American paper money comes in seven denominations: $1, $5, $10, $20, $50, $100 and $2.
You have probably noticed that we have mentioned the $2 at the end. Want to know why? That’s because the banknote of a $2 is quite rare and it is unlikely to get any 2-dollar bills in change at the grocery store. However, they are out there in circulation.
If you want to have your own 2-dollar bills you can ask for them at your bank. All paper banknotes clearly show their value at every corner of it, so it’s easy to tell how much it is.
Coins are the representing parts of a one dollar.
It is not easy to tell the values of the coins as there are no actual numbers on the US coins. The United States of America issues 6 coins, with the most common ones being: 1¢, 5¢, 10¢, and 25¢.
- 1 cent is commonly known as a Penny and it comes in a gold color.
- 100 Pennies equal $1
- 5 cents is commonly known as a Nickel at it comes in silver color.
- 20 Nickels make $1
- 10 cents is better known as a Dime and it also has a silver color
- 10 Dimes have the same buying power as a $1
And lastly 25 cents is better known as Quarter as it represents the ¼ of a Dollar.
- 4 quarters are equal $1 Dollar
50¢ and $1 are very rare coins and it’s highly unlikely that you get any of them as a change at a store.
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