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Interesting all, thanks!
For our international friends:

$0.01 penny (copper, small, smooth edge). Probably similar to British "pence" or our "cents" Is pence the plural of penny?
$0.05 nickel (silver in color, named after the metal medium size, smooth edge)
$0.10 dime (Silver in color, small size-like penny. Rough edge.
$0.25 quarter (Silver in color large size, rough edge.
$0.50 half-dollars. Largest, not generally used.

Do Canadian coins (Same denominations BTW) have the same names? What about in French?

$1.00 dollar coins. We hate them. Not really used. Silver colored ones too similar to a quarter in size / weight and appearance. Re issued in a gold-tone. Easier to tell what it is; still hate them.

The (stupid) ticket machines at the railroads in NYC give out dollar coins as change. If everyone else is like me, we give them right back to the vendors at the train stations as we buy snacks, water and magazines for the ride home.

I'd love to see a linkie to Euro bills/coins. Thanks!
 
We lost the 1 and 2 cent coins back in the early 90's. Since then the denominations have been as follows.

5 Cent - Smallest and silver in colour
10 Cent - A little larger and still silver coloured
20 Cent - Twice as large and silver coloured
50 Cent - Heavy Coin, 12 sides and silver coloured
1 Dollar - size of the 20 Cent but gold coloured
2 Dollar - size of the 10 Cent but thicker and gold coloured.

All of our Notes are Polymer and come in $5, $10, $10, $50, $100 Denominations. Paper notes were phased out here by the late 80's.

Now we're used to the coins for the $1 and $2 we perfer them. We struggled badly with the small denominations in the US, particularily when all the notes are all the same colour. Our Polymer notes are a different colour for each denomination and machine washable, which gives a new meaning to Money Laundering.

When paying cash for anything here, the price always includes GST and the cost is always rounded up or down to the nearest 5 cents. It was a shock in the US having to deal with lots of 1cent coins as change. :)

I've attached a link to show what our currency looks like.

http://en.wikipedia.org/wiki/Banknotes_of_the_Australian_dollar Have a look at the current series for Polymer as the paper notes havent existed since 1991

http://en.wikipedia.org/wiki/Coins_of_the_Australian_dollar
 
And the notes...

I have never seen 500 and 200 euro notes. These are usually not accepted in shops. The 100 euro note is also not very common. I have seen those only a few times.

Again, the euro notes have no names in the Netherlands as the guilder notes did:
10 guilder note = "joet" or "snip"
25 guilder note = "geeltje"
100 guilder note = "meier"
1000 guilder note = "rooie rug"
The 50 guilder and 250 guilder notes were relatively recent issues and had no names that I know of.

http://en.wikipedia.org/wiki/Euro_banknotes
 
Correction!

It seems that I am already forgetting the names of the guilder notes. The name "snip" was not used for the 10 guilder note, but instead for the 100 guilder note. The "snip" is a kind of bird (sandpiper) that was depicted on one side of the note.
 
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