Definition
Denomination
A denomination is the stated value of one coin or banknote.
What it means
Denomination answers, “What is this one piece of money worth?” Coins or notes can look different, but the printed or assigned value tells their denomination.
Remember it
Denomination is the value printed on one piece of money.
Example
One 50-cent coin and five 10-cent coins both total 50 cents. Their totals match, but the coins use different denominations: 50 cents and 10 cents.
Watch for
Denomination is the value of each coin or note, not the total value of a group. In religion, denomination has a different meaning.
Common mix-up
Five coins describes quantity; 10-cent describes denomination.
Exact meaning
A denomination is the stated face value of a particular coin or banknote, such as 10 cents or 5 dollars.