...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.

= 5 cents. There are 20 nickels in a dollar. Thomas Jefferson is on the nickel.

= 10 cents. There are 10 dimes in a dollar. Franklin Roosevelt is on the dime.

= 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 Lincoln.

$10 dollar bill
has a picture of Alexander Hamilton.

$20 dollar bill
has a picture of Andrew Jackson.

$50 dollar bill
has a picture of Ulysses Grant.

$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 quarters.

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.