...and How it Works
A long time ago, money was a lot different than it is today. In
some places, people used seashells as money. Other people used big
round stones. Today, different countries have their own kinds of
money. In Japan, money is called the yen, in England, it's the
pound. Money in the United States is called the dollar, which is
made up of 100 cents.
Dollars come in the form of paper (they are also called bills) and
coins. You can make a dollar by collecting coins.
Coins you should know:
penny = 1 cent. There are 100 pennies in a dollar.
Abraham Lincoln is on the penny.
nickel = 5 cents. There are 20 nickels in a dollar. Thomas
Jefferson is on the nickel.
dime = 10 cents. There are 10 dimes in a dollar. Franklin
Roosevelt is on the dime.
quarter = 25 cents. There are 4 quarters in a dollar.
George Washington is on the quarter.
Paper dollars come in different amounts:
$1 dollar bill has a picture of George Washington.
$5 dollar bill has a picture of Abraham
$10 dollar bill has a picture of Alexander
$20 dollar bill has a picture of Andrew
$50 dollar bill has a picture of Ulysses
$100 dollar bill has a picture of Benjamin Franklin.
Everyone except Mr. Hamilton and Mr. Franklin are former
presidents of the United States. Hamilton and Franklin were two of
America's founding fathers.
If you save your money in a piggy bank or a jar, you may end up
with a lot of coins. If you do, you can use your Sandy Dog Savings
Club plastic coin wrappers to get your coins ready to deposit.
There are different size wrappers for pennies, nickels, dimes and
Just fill them with the right size coin, then snap the wrapper lid
so it's closed. Now you're ready to take your filled coin wrappers
to your in-school bank or to a Sandy
Spring Bank Community
Office and make a deposit into your Savings Account! If you run
out, you can get more wrappers from Sandy Spring Bank.
Click here to learn some
words to help you understand more about money and banking.