Have you ever made money doing chores at home or by setting up a lemonade stand in your neighborhood? Have you earned pocket money, or used a dollar bill in a store? Most people use money every day, but where does it come from?
Cash takes the form of notes and coins. The currency (type of money) used in the United States is the US dollar. Every one dollar is made up of 100 cents (¢).
Who Makes Money?
The US Department of Treasury is in charge of making US currency. The US Mint makes coins and the US Bureau of Engraving and Printing prints paper money. The government hires artists to draw new versions of coins and notes. Safety features are added to make sure that nobody can create counterfeit (fake) money.
How Notes are Made
The Bureau of Engraving and Printing is in charge of printing dollar bills. Once a design is created, it is engraved onto metal plates. These plates are then coated in ink, and a printing press transfers the design onto paper.
In the US, dollar bills are printed using unique black and green inks, as well as ink that can change color. Notes are printed on special paper that is made from a mixture of cotton and linen. After printing, the bills are carefully checked for mistakes, before being packaged and sent across the country.
US dollar bills come in a few denominations (amounts). Today, you can get notes worth $1, $2, $5, $10, $20, $50, and $100. In the past, larger bills were printed, some worth $10,000, and even $100,000! Today, the $1 and $100 notes are the most common.
How Coins are Made
Coins are made by the US Mint. There are six branches of the Mint located across the country. As well as coins for use as money, the Mint creates special coins and medals for collecting.
Coins come in six denominations today. These are:
Penny = 1¢
Nickel = 5¢
Dime = 10¢
Quarter = 25¢
Half Dollar = 50¢
Dollar: 100¢, or $1
For more information on how coins are made, check out this video by the US Mint: