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Primary Maths · Year 2Chapter 6 · Money
Year 2 · Money · Lesson 6.1

Year 2: Pounds and pence

Part of the Year 2 money chapter. Chapter overview · whole chapter on one page

6.1

Pounds and pence

Year 2
Recognise and use the symbols £ and p, Know that 100p is the same as £1
A shop. We pay for things here with coins.

We pay for things with money. Money uses two signs.

The sign p means pence. A 20p coin is worth 20 pence.

The sign £ means pounds. A £2 coin is worth 2 pounds.

£1 is the same as 100p.

1p2p5p10p20p50p£1£2
The coins we use in Year 2. The pictures are not to scale.

Key ideas

  • p means pence. We use p for amounts under £1.
  • £ means pounds. We use £ for whole pounds.
  • £1 is the same as 100p.
  • Read the number and the sign together.
p is pence. £ ispounds!
Ollie the owl helps us read money.
Worked example 6.1.1
What is this coin worth?
20p

Key words. p stands for pence. £ stands for pounds.

Method. Read the number and the sign on the coin.

  1. Look at the coin. The writing on the coin shows its value.
    Coin: 20p
  2. Read the sign. p means pence.
    £ = pounds, p = pence
  3. Write the value.
    20p

Check. Say the value out loud: 20p. ✓

Watch out. Read the number and the sign together. 20p is not the same as £20.

Worked example 6.1.2
Which is worth more: 50p or 20p?
50p20p

Method. Change both values to pence. The bigger value is worth more.

  1. Read the first coin. Write down its value.
    First: 50p
  2. Read the second coin. Write down its value.
    Second: 20p
  3. Change both to pence. £1 is the same as 100p.
    50p and 20p
  4. Compare the values. 50p is more than 20p.
    50p > 20p
  5. Write the answer.
    50p is worth more.

Check. The other way round: 20p is worth less than 50p. ✓

Watch out. Do not choose a coin because it looks bigger. Read the value on it.

Worked example 6.1.3
How many pence is this coin? Write the answer in pence.
£1

Method. Use the rule: £1 is worth 100 pence.

  1. Look at the coin. It is a £1 coin.
    £1
  2. Use the rule. There are 100p in £1.
    £1 = 100p
  3. Write the answer.
    100p

Check. 100p is one pound. ✓

Watch out. £1 and 100p are the same amount of money.

Watch out

Watch out: 5p is not the same as £5.

The sign p means pence. The sign £ means pounds.

Exam tip

Grown-up tip. Ask: “Is this amount in pence or in pounds?” Use real coins from home and read the value on each one out loud.

Exercise 6A  Pounds and pence

Non-calculator
1
FWhat is this coin worth?
10p
2
FWrite the value of each coin. Start at the left.
2p5p20p50p
(a)Coin on the left
(b)Second coin
(c)Third coin
(d)Coin on the right
3
FWhat is this coin worth?
£2
4
FWhich coin is worth 50p? Choose from 2p, 20p and 50p.
2p20p50p
5
FWhich coin is worth £1? Choose from 10p, 50p and £1.
10p50p£1
6
FWhich is worth more: 20p or 5p?
20p5p
7
FA has 45p. B has £1. Fill the box with <, > or =: A ? B
A20p20p5pB£1
8
FPut these in order, smallest value first: 50p, 5p, £1, 20p. Write the values.
50p5p£120p
9
FHow many pence is this coin? Write the answer in pence.
£2
10
PSMia has a £1 coin and a 50p coin. How much money does she have altogether?
£150p
11
RAli says, “10p is worth more than £1, because 10 is more than 1.” Is Ali right? Write Yes or No.
10p£1

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