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					The Adventures of Penny
            Hi, I'm Penny! I bet you've
              seen a lot of me... at the
              store, in your dad's
              pocket, or even between
              the cushions of the
              couch. I'd like to tell
              you a little bit about
              myself and some of my
              friends. All together, we
              make up something
              called Money!
The Adventures of Penny
            Money is what people use
             to buy the things that
             they need. A long time
             ago, people didn't use
             money. They would
             trade something they
             owned for something
             that they needed. If
             the shoemaker needed
             some bread, he would
             give the baker some
             shoes, and the baker
             would give him some
             bread. This was called
   The Adventures of Penny
Bartering worked fine for a while…until
 the baker had too many shoes, but the
 shoemaker needed more bread. The
 solution to this problem was Money. The
 baker and the shoemaker agreed to
 accept money for the things that they
The Adventures of Penny
  with the Professor
            •   The word money comes from the
                Latin word "moneta". Moneta was
                the name of the place where money
                was made in ancient Rome.
            •   Early forms of money included
                beads, shells, stones and gems, and
                even whales teeth. Furs, cattle, tea
                and tobacco have also been used as
            •   Early money was weighed, not
                counted. Coins, which have their
                value stamped on them, became
                popular because they allowed money
                to be counted.
            •   As trading between countries
                increased, so did the use of money.
                It was a convenient way for people
                to purchase goods in large
The Adventures of Penny
            There are 2 different
             kinds of money...
             coins and paper
             money. I'm a coin.
             I'm made of metal,
             and stamped so that
             people know how
             much I'm worth. My
             friend Dollar Bill is
             paper money.
   The Adventures of Penny
It says right on him how much he's worth.
  Different types of money are worth
  different amounts.
The Adventures of Penny
  with the Professor
            •   The first coins were made around
                700 B.C. by the Lydians, a group
                of traders who lived in what is now
                Western Turkey. The use of coins
                quickly spread to civilizations in
                Greece and Rome.
            •   The first paper money was made
                in China around 800 A.D.
            •   Paper money can either be
                "representative" or "fiat."
                Representative money is money
                that can be traded for an equal
                amount of either gold or silver. An
                example of representative money
                is a Silver Certificate. Fiat money
                is the type of money that we use
                every day. It cannot be traded for
                gold or silver. It is valuable
                because it is backed by the
                government, and people trust its
The Adventures of Penny
            Little money adds up to big
               money. I'm a penny, and
               I'm the smallest amount
               of money you can have.
               If you have five of me,
               you can trade me for a
               nickel. If you have a
               hundred of me, you can
               trade me for a dollar. If
               you have five dollar
               bills, you can trade them
               for one five dollar bill.
• The different values of            • George Washington $1 - One
  money are called                     Dollar
  "denominations." You can tell      • Abraham Lincoln $5 - Five
  what denomination a coin is          Dollars
  by its size, its color, and of     • Alexander Hamilton $10 -
  course by what it says on it.        Ten Dollars
  Paper money is a little
  trickier, because it's all the     • Andrew Jackson $20 -
  same size and color. Reading         Twenty Dollars
  the bill will tell you what it's   • Ulysses S. Grant $50 - Fifty
  worth…but there's another            Dollars
  way too. Each denomination         • Benjamin Franklin $100 - One
  of paper money has a                 Hundred Dollars
  portrait of a famous
  American on it:
The Adventures of Penny
            Not just anyone can make
              money. In fact, only the
              government can make
              money. Coins, like me,
              are made at a place
              called the United States
              Mint. There are big
              pieces of metal at the
              Mint. They stamp the
              metal with a big heavy
              machine called a press,
              and out pops a perfect
              penny….or nickel…or
              dime….or quarter…or
              half dollar.
    The Adventures of Penny
• The Bureau of Printing and Engraving makes
  paper money. Paper money is printed on big
  sheets of paper, and then cut into the size
  that fits in your pocket.
• Every coin or bill that the government makes
  has the year it was made stamped or printed
  on it. This afternoon when you go home, ask an
  adult if you can look at the money in their
  pocket and see if you can find the year it was
The Adventures of Penny
  with the Professor
            •   Coins are made in Philadelphia,
                Pennsylvania; Denver, Colorado and San
                Francisco, California. Paper money is
                printed in Washington, DC and Texas.
                Pennies are made of zinc covered with
                copper. Nickels are a mixture of
                copper and nickel. Dimes, quarters,
                half-dollars and dollar coins are three
                layers of metal. The center layer is
                pure copper (you can see it on the
                edge), the top and bottom layers are a
                mixture of copper and nickel.
            •   48% of the paper money printed each
                year is $1 bills.
            •   What happens to money when it gets
                old? Coins that are bent and unusable
                are melted to make new coins. Paper
                money is shredded and recycled. It is
                estimated that over 15 million pounds
                of paper money are shredded each
            •   *NY Federal Reserve Bank
The Adventures of Penny
            • After my friends and I are
              made, we get sent to a place
              called the Federal Reserve
              Bank. This is a really big
              place, where there is lots and
              lots of money. We wait at
              the Federal Reserve Bank
              until local banks and credit
              unions need us.
            • When we're needed, we jump
              on a truck and go to the same
              bank or credit union that you
              go to.
The Adventures of Penny
  with the Professor
            •   There are 12 Federal Reserve
                Banks in the United States.
                They are located in Boston,
                New York, Philadelphia,
                Cleveland, Richmond, Atlanta,
                Chicago, St. Louis, Minneapolis,
                Kansas City, Dallas, and San
                Francisco. Local banks order
                money from the Federal
                Reserve Bank when they need
                it. Demand for money
                increases at certain times of
                the year. For example, in
                November and December,
                when people are using cash for
                holiday shopping, local banks
                order "extra" money from the
                Federal Reserve Bank.
The Adventures of Penny
            Look! Billy and Sally
              were playing on the
              couch and found me!
              Have you looked in
              your couch? You
              might find some of
              my friends.
        The Adventures of Penny

               What should we do
               with this penny?

                                          Don't spend me! Save Me!
                                     My friend Dollar Bill can tell you how!

               We could spend her.

Take the Penny Trivia Quiz!          Take the Professor Trivia Quiz!
             Penny’s Quiz
Bartering was
• a) when the baker
  and shoemaker
  would trade bread
  for shoes
• b) a circus act
• c) a summer holiday   a) when the baker and
• d) a special magic     shoemaker would
  ring                   trade bread for shoes
             Penny’s Quiz
There are 2
  different kinds of
• a) pebbles and
• b) rocks and leaves
• c) coins and paper
  money                 c) coins and paper
• d) flowers and         money
               Penny’s Quiz
Five   pennies make
• a)   a dollar
• b)   a nickel
• c)   a jingle
• d)   a fortune

                         b) a nickel
              Penny’s Quiz
Different coins are
• a) all the same size
  and color
• b) square and red
• c) round and blue
• d) different sizes
  and colors             d) different sizes and
             Penny’s Quiz
Who can make
• a) it falls out of
  the sky
• b) it grows on trees
• c) the government
  can make money         c) the government
                          can make money
• d) the bank
      Penny’s Professor Quiz
Money was named after:
• a) Lord Henry Monert,
  who used it to
  pay his servants
• b) Moneta - a Latin
  word for money
• c) Shiny rocks Pre-
  Historic men found
     along riverbanks
                          b) Moneta - a Latin
• d) The King of the
                          word for money
     Penny’s Professor Quiz
The famous American
  who appears on the
  $10 bill is:
• a) Benjamin Franklin
• b) Ronald W.
• c) Alexander
                         c) Alexander Hamilton
• d) John F. Kennedy
     Penny’s Professor Quiz
Lydians were the
  first people to:
• a) use coins
• b) barter for goods
• c) accept Lord
  Monert’s new
• d) name their         a) use coins
  children Lydia
      Penny’s Professor Quiz
A Silver Certificate
• a) representative
• b) worthless
• c) fiat money
• d) very shiny
                       a) representative money
      Penny’s Professor Quiz
About how many pounds
  of paper money are
  shredded every year?
• a) 15 lbs. (Fifteen)
• b) 15,000 lbs. (Fifteen
• c) 15,000,000 lbs.
  (Fifteen Million)
• d) 15,000,000,000         c) 15,000,000 lbs.
  lbs. (Fifteen Billion     (Fifteen Million)
     Penny’s Professor Quiz
Coins are made at
• a) Federal Reserve
• b) Bureau of
  Printing and
• c) Internal Revenue
  Service               d) U. S. Mint
• d) U. S. Mint
     Penny’s Professor Quiz
Paper money was
  first used in
• a) China
• b) Mesopotamia
• c) Florida
• d) Egypt

                     a) China
      Penny’s Professor Quiz
The word 'denomination'
• a) where a coin was
• b) different values of
• c) Lord Monert’s
  system of payment
• d) shredding worn out    b) different values
  paper money              of money
     Penny’s Professor Quiz
Until banks need it,
  money is kept:
• a) at the White
• b) at Fort Knox
• c) at the Federal
  Reserve Bank
                        c) at the Federal
• d) Money isn’t made
                        Reserve Bank
  until it’s needed
     Penny’s Professor Quiz
Pennies are made of
  a) copper
• b) copper and zinc
• c) silver
• d) gold

                       b) copper and zinc
     Penny’s Professor Quiz
Now let’s see what
 you remember.
 Take the quiz your
 teacher hands out
 and then on another
 day, come back and
 meet my friend,

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