Back to local currency Up Close
7-10money-basics

Coin denominations

Learn to recognise every coin denomination and know exactly what each one is worth.

In this lesson

Coin denominations is part of local currency Up Close. This preview shows how money-basics connects to everyday family decisions such as earning, saving, spending choices, goals, approvals, or parent-guided money conversations inside Progress Penguin.

Think about this money choice

Imagine this situation: A sweet costs 10 in local currency. You have a 5 in local currency coin and a 10 in local currency coin.

How it works

Every coin carries its value as a number. A ₦50 coin is worth fifty Naira.

Try a real-life example

Real-life money moment: You need 85 in local currency. You have: one 50 in local currency coin, two 10 in local currency coins, three 5 in local currency coins.

Activity preview

Match the money ideas

Use what you learned to complete this short challenge.

Try one real money action

Open Tasks and submit proof for one task, or open Requests and make a deposit request. Parent approval can happen later.

Quiz preview

If a snack costs 50 in local currency and you have a 100 in local currency note:

Nothing when planning ahead
100 in local currency as a general rule
150 in local currency in practical terms
You get 50 in local currency change

A sweet costs 10 in local currency. You have a 5 in local currency coin and a 10 in local currency coin. Which is the smartest choice?

Neither — wait for a note
Both coins — more is better
The 10 in local currency coin — exact change, no hassle
The 5 in local currency coin and ask for the rest