Understanding American Money

Coin (1).jpeg

If you are planning to study or visit the United States, you will have to use the American money at some point. American money is issued in paper currency and coin. Unlike the paper currency, coins are not easy to recognize and understand because they have similar colors and do not have the value indicated on them.

The United States issue paper currency in the following denominations: $1, $2, $5, $10, $20, $50, and $100. The most common coin denominations are: 1¢, 5¢, 10¢, and 25¢. And the less common are: 50¢ and $1 Dollar.

Here is two tables with pictures and descriptions of the most current American money, for you to learn the differences between them:

 

 Images source:  ExchangeRate

Images source: ExchangeRate

 Images source:  TheCoinSpot

Images source: TheCoinSpot

As you can see from the table above all paper currency is called a “bill” and each coin has a unique name, for instance, you can say either “I need 25¢” or “I need a quarter”. A quarter is in fact the most useful coin, as it’s used at parking meters, snack machines, and in many Laundromats which offer coin-operated machines.

Do you have any questions? Let us know in the comments below.