The emergence and development of monetary concepts were investigated in 80 black children ages 2 to 8 years. Three concepts explored were the age at which children (1) can name the denominations of money, (2) become aware of the values of different denominations of money, and (3) become aware of the purchasing power of money. Socioeconomic (SES) differences were also investigated. Results indicated developmental differences about the knowledge of money. Everyday experiences were thought to be important in the development of these concepts. Lower SES children generally identified coins at an early age, while middle class children identified various denominations of paper money earlier. (SBT)