Italian lessons for Paddies :)

The translation you have is correct.

Also a singolar form exist:

Hai qualche spicciolo? Do you have some changes?

It is used also to describe a very small share one got from a business.

ex.

Loro si divisero il bottino e a me lasciarono solo gli spiccioli...
They shared out the haul leaving for me only the changes...

I hope it could be useful for you, anyway you are at the beginnig of the course and these are just details... don't worry.