Coins Study Guide

Introduction to Coins

Coins are a form of currency used in many countries around the world. They come in different denominations and are used to make purchases, pay for services, and as a form of saving.

Types of Coins

There are several common denominations of coins, including:

• 1 cent (penny)
• 5 cents (nickel)
• 10 cents (dime)
• 25 cents (quarter)
• 50 cents (half-dollar)
• 1 dollar (dollar coin)

Identifying Coins

Each coin has distinct characteristics to help identify them:

• Penny: It is a small, copper-colored coin with Abraham Lincoln's portrait on the front.
• Nickel: A slightly larger coin with a silver color and features a portrait of Thomas Jefferson.
• Dime: The smallest and thinnest coin, it has a silver color and features Franklin D. Roosevelt.
• Quarter: Larger than the dime, it has a silver color and features George Washington.
• Half-dollar: A larger, silver-colored coin with President John F. Kennedy's portrait.
• Dollar coin: Slightly larger than a quarter, it comes in various designs, such as the Sacagawea or Susan B. Anthony dollar.

Value of Coins

Each coin has an assigned value:

• Penny: 1 cent
• Nickel: 5 cents
• Dime: 10 cents
• Quarter: 25 cents
• Half-dollar: 50 cents
• Dollar coin: 1 dollar

Using Coins

Coins are used to make exact change and can be combined to represent different amounts. Understanding their values is important for everyday transactions.

Conclusion

Understanding the different types of coins, their values, and how to identify them is an important skill for managing money and making transactions.