1 Dollar Coin

$1.00

Fifty Cents

$0,50 (half dollar)

Twenty Five Cents

$0,25 (quarter)

Ten Cents

$0,10 (dime)

Five Cents

$0,05 (nickel)

One Cents

$0,01 (penny)

Minting a New Mint

Background Information

Prior to the drafting of the U.S. Constitution, currency was a confusing issue in the colonies. Up until this point, people had used everything from wampum to individual state coins to acquire goods. There was no solitary form of money being used throughout the land.

When the Second Continental Congress met and developed the Constitution of the United States, it was meant to be a framework for their new nation. Within the original plans, the framers of the Constitution realized the need for a single monetary system, and wrote that "The Congress shall have the Power . . . to coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures." (Constitution of the United States, Article I, Section 8)

Activity

With your class explore why our Founding Fathers felt it was necessary to have uniform system of money. As a first part to the lesson, have your students develop a currency system of their own. To do this, supply your students with a worksheet divided into two columns. The first column should have pictures of the main pieces of U.S. currency, and the second column should be blank in order for your students to add the drawings of their own currency. Begin the activity by discussing the dollar as the base of our coin system (i.e. quarters, dimes, nickels, and pennies are parts of the U.S. dollar). Have the students decide on a base for their system of money that can be broken into parts (some ideas might be to draw a whole pizza, an ice cream cone with many scoops, or even a rainbow). Then have them illustrate the rest of their "currency" in the empty boxes labeled "My Money." Monitor your students progress as they are completing this activity, and note what types of currency your students are creating.

After your students have created their money systems, tell them that you are going to be holding a class sale. Explain that for this sale a student is only able to purchase an item if he or she has the type of currency that you, the salesman, decide on. Display a prize that is extremely eye-catching, and that many students would want. Tell the students that only students with a particular type of currency (one that you know very few students have developed) could think about buying that item. After sounds of disgust ensue, ask the students why they don't sound happy. This will stimulate conversation and allow you to explain to your students that this is what the U.S. was like before there was a single system of money. Have the students develop a list of reasons why it is important to have a single system of money. Or instead, have your students debate the merits of multiple money systems, versus a single system.

Educational Extensions

  • Discuss Europe's movement towards a single monetary system (the Euro).
  • Develop Math activities involving conversion from one country's money to another.
  • Create Social Studies activities revolving around the other liberties granted by the U.S. Constitution.

fonte: www.usmint.gov/kids/index.cfm?FileContents=/kids/teachers/mintinganewMint.cfm


Table 2. American Coins

Monetary System:
5 cents = 1 Nickel
10 Cents = 1 Dime
25 Cents = 1 Quarter
50 Cents = Half Dollar
100 Cents = 1 Dollar
value name width dia. substance dates notes
½¢ half cent 1.5 23.0 copper 1840-1857
cent 1.9 28.5 copper 1816-1857
    1.8 19.0 cupro-nickel 1856-1864
    1.2 19.0 bronze 1864-1982 1943 steel
    1.2 19.0 copper-clad zinc 1982-date 0.75 inches dia.
two cent 1.7 23.0 bronze 1864-1873
three cent 0.5 14.0 silver 1851-1873
    0.9 17.9 cupro-nickel 1865-1889
half dime 0.7 15.5 silver 1829-1873
nickel 1.7 20.5 cupro-nickel 1866-1883
    1.6 21.2 cupro-nickel 1883-date 0.835 inches dia.
10¢ dime 0.9 18.8 silver 1809-1837
    1.0 17.9 silver 1837-1964
    1.0 17.9 CuNi-clad Cu 1965-date 0.705 inches dia.
20¢ twenty cents 1.3 22.0 silver 1875-1878
25¢ quarter 1.4 24.3 silver 1831-1964
    1.4 24.3 CuNi-clad Cu 1965-date 0.955 inches dia.
50¢ half dollar 1.8 30.0 silver 1836-1839
    1.8 30.6 silver 1839-1964
    1.6 30.6 40% silver 1965-1970
    1.7 30.6 CuNi-clad Cu 1971-date 1.205 inches dia.
$1 dollar 2.3 38.1 silver 1840-1935
    2.2 38.1 cupro-nickel 1971-1978
Susan B. Anthony 1.6 26.5 cupro-nickel 1979-1981
  gold dollar 0.7 13.0 gold 1849-1854
    0.5 15.0 gold 1854-1889
$2.50 quarter eagle 0.9 18.2 gold 1834-1839
$3 three dollar 0.8 20.5 gold 1854-1889
$4 stella 0.8 20.5 gold 1879-1880
$5 half eagle 1.2 22.5 gold 1829-1838
$5 half eagle 1.2 21.6 gold 1839-1908
$10 eagle 1.6 27.0 gold 1838-1933
$20 double eagle 2.0 34.0 gold 1849-1933
Last updated 18 April 2003 © Jeremy Smith 2003

Table 11. British Money

Monetary System (pre-decimalization)

4 Farthings = 1 Penny
12 Pence = 1 Shilling
2 Shillings = 1 Florin
5 Shillings = 1 Crown
20 Shillings = 1 Pound (sovereign)
21 Shillings = 1 Guinea
value name th. dia. substance dates notes
1/16d ¼ farthing 14.0 copper 1839, 1851-1853 for Ceylon
1/12d 1/3 farthing 14.5 copper 1835, 1844 for Malta
1/12d 1/3 farthing 14.5 bronze 1866, 1868, 1876, 1878, 1881, 1884-1885, 1902, 1913 for Malta
1/8d ½ farthing 15.5 copper 1839, 1842-1844, 1847, 1851-1854, 1856 for Ceylon
¼d farthing silver 1279-1672
    21.5 copper 1672-1860
    20.1 bronze 1860-1956
½d halfpenny silver 1280-1672
    28.0 copper 1672-1859
    1.2 25.4 bronze 1860-1970 exactly 1" dia.
1d penny silver 8th c.-1797
    gold 1257
    33.0 copper 1797-1860
    1.6 30.8 bronze 1860-1970
    0.5 10.8 silver 1660-present Maundy money
1½d   0.6 11.9 silver 1834-1862 Ceylon & Jamaica
2d twopence 0.7 13.0 silver 1660-present Maundy money
3d threepence 15.0 silver 1551-1944
    3.0 21.5 nickel-brass 1937-1970 12 sided
    0.7 16.0 silver 1660-present Maundy money
4d groat 16.3 silver 1279-1662, 1838-1855 1831-1855, 1888 for British Guiana
    0.7 17.9 silver 1660-present Maundy money
6d sixpence 0.9 19.3 silver 1551-1920
    0.9 19.8 half silver 1920-1946
    1.1 19.0 cupro-nickel 1947-1967
1/- shilling 1.3 23.3 silver 1504-1919
    1.3 24.3 half silver 1920-1946
    1.2 23.5 cupro-nickel 1947-1966 still legal tender
2/- florin gold 1344, 1526-1625 value: 6/-, not 2/-
    1.8 28.0 silver 1849-1919
    2.0 27.5 half silver 1920-1946
    1.9 28.1 cupro-nickel 1947-1967 still legal tender
2/6d half-crown gold 1470-1551
    1.7 32.0 silver 1551-1850, 1874-1919
    1.8 32.4 half silver 1927-1937
    32.6 cupro-nickel 1947-1967
4/- double florin 2.1 36.0 silver 1887-1890
5/- crown gold 1526-1551 never popular in general use, often commemorative
    2.3 38.9 silver 1551-1902
    2.6 38.0 half silver 1927-1937
    38.0 cupro-nickel 1951, 1953, 1960, 1965, 1981 commemorative
5/- quarter guinea gold 1718, 1762
$1 dollar 2.2 39.0 silver 1895-1934 trade coinage for trade in Orient
80d noble gold 1344-1634
6/8d third guinea gold 1797
10/- ten shillings     note 1914-1971
10/- half sovereign 0.8 19.0 gold 1831-1915, 1980-present
10/6d half guinea gold 1625-1760
160d mark [value] till the 18th c.
13/6d merk (thistle half dollar)   silver 1580-1660 also ½, 2 & 4 merk
£1 sovereign 1.1 22.7 gold 1489-1660, 1831-1925, 1957-present
20/-   silver 1642
    gold 1660-1685
£1 pound note 1914-1983
21/- guinea gold 1663-1799, 1813 fixed at 21/- in 1717
£2 two pound 1.4 28.2 gold 1831,1887, 1893, 1902, 1911, 1937, 1980, 1982-1983
£2-2s two guineas gold 1625-1760
£5 five pound 2.4 34.0 gold 1839,1887, 1893, 1902, 1911, 1937, 1980-1982, 1984-1985, 1990
£5-5s five guineas gold 1625-1760
£5       note
£10       note
£20       note

20 (troy) pennyweights (of silver) = 1 oz, 12oz = 1 pound, which is possibly the origin of the old monetary system.

16th c. European silver coin and its imitators: crown, daler, dollar, écu (écu á la couronne (crown)), peso, piastre, seudo, tallero, thaler (taler).

Merk (17th c.) was originally a mark of pure of silver (20 sterling pennies), and were struck as coins in Scotland with a value of 160d = 13/4d.

Pound sterling, meaning 'of the fixed authorized national value' (sterling applied to any small silver coin of fine quality in previous centuries, especially pennies).

Monetary System (post-decimalization)

100p (pence) = 1 Pound

value name width dia. substance dates notes
½p ½ new penny 0.9 17.0 bronze 1971-1981
½p half penny 0.9 17.0 bronze 1982-1984
1p new penny 1.3 20.0 bronze 1971-1981
1p one penny 1.3 20.0 bronze 1982-date
2p 2 new pence 1.6 26.5 bronze 1971-1981
2p two pence 1.6 26.5 bronze 1972-date
5p 5 new pence 1.4 24.0 cupro-nickel 1968-1981
5p five pence 1.4 24.0 cupro-nickel 1982-1990
5p five pence 1.3 17.2 cupro-nickel 1990-date
10p 10 new pence 2.0 28.0 cupro-nickel 1968-1981
10p ten pence 2.0 28.0 cupro-nickel 1982-1991
10p ten pence 1.4 24.0 cupro-nickel 1992-date
20p twenty pence 20.5 cupro-nickel 1982-date 5 sided
25p 25 new pence 2.3 39.1 cupro-nickel 1972, 1977, 1980 commemorative
25p 25 new pence 2.3 39.1 silver 1972, 1977, 1980 commemorative
50p 50 new pence 2.2 29.2 cupro-nickel 1969-1981 7 sided
50p fifty pence 2.2 29.2 cupro-nickel 1973, 1982-date 7 sided
£1 one pound 3.0 22.9 nickel-brass 1983-date
£1 one pound 2.2 22.9 silver 1983, 1985 commemorative
£2 two pounds 2.5 28.0 nickel-brass 1986, 1989 commemorative
£5 five pounds 2.5 37.5 cupro-nickel 1990 commemorative

£1 coin designs: plain shield with coat of arms, Scottish thistle, Welsh leek, Northern Ireland blooming flax, English oak tree, and British royal coat of arms.

Last updated 18 April 2003 © Jeremy Smith 2003