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Step-by-step practice: Maths · Level 2Chapter 8 · Money
Step-by-step Maths Level 2 · Money · Lesson 8.1

Step-by-step Maths Level 2: Coins and their values

Part of the Step-by-step Maths Level 2 money chapter. Chapter overview · whole chapter on one page

8.1

Coins and their values

Level 2
Recognise and name coins and notes, Know the value of each coin and note

In the UK we use pence (p) and pounds (£). There are 100 pence in one pound.

The coins are 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2. The notes are £5, £10 and £20.

1p2p5p10p20p50p£1£2
The coins: 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2.
£5£10£20
The notes: £5, £10 and £20.

Key ideas

  • 100p is £1.
  • Read the label on each coin to find its value.
  • Notes are always worth pounds.
Worked example 8.1.1
What is the value of this coin? Write it in pence or pounds.

Method. Read the label on the coin. The label tells you its value.

  1. Look at the coin. Each coin has its value written on it.
    20p
  2. Read the value. Say the value out loud.
    20p
  3. Write the answer.
    20p

Check. Check the coin list: 20p is the value of this coin.

Watch out. A 1p coin is 1 penny. A £1 coin is worth 100p.

Worked example 8.1.2
What is the value of this coin? Write it in pence or pounds.

Method. Read the label on the coin. The label tells you its value.

  1. Look at the coin. Each coin has its value written on it.
    £2
  2. Read the value. Say the value out loud.
    £2
  3. Write the answer.
    £2

Check. Check the coin list: £2 is the value of this coin.

Watch out. A 1p coin is 1 penny. A £1 coin is worth 100p.

Worked example 8.1.3
Which coin is worth more: 50p or 20p?

Method. Compare the two values. The coin with more pence is worth more.

  1. Write the value of each coin in pence. 50p and 20p.
    50p and 20p
  2. Compare the two numbers of pence. The bigger number of pence is worth more.
    50 and 20
  3. Choose the coin that is worth more.
    50p

Check. 50p is 50p and the other coin is 20p.

Watch out. Use pence to compare. 50p is more than 20p.

Watch out

Watch out. A 50p coin is worth more than a 20p coin, even though 20 looks like a bigger number on some coins.

Exam tip

Grown-up tip. Lay out real coins and ask the child to read each label. Practise saying “twenty pence” and “one pound”.

Exercise 8A  Practice: coins and their values

Non-calculator
1
FWhat is the value of this coin? Write it in pence or pounds.
5p
2
FWhich coin is worth more: 1p or 20p?
1p20p
3
FWhich coin is worth more: 5p or 10p?
5p10p
4
FWhich coin is worth more: £1 or 1p?
£11p
5
FWhich coin is worth more: 50p or £1?
50p£1
6
FWhich coin is worth more: 5p or 20p?
5p20p
7
FWhich coin is worth more: £2 or 5p?
£25p
8
FWhich coin is worth more: £2 or £1?
£2£1
9
FWhich coin is worth more: £1 or 5p?
£15p
10
FWhich coin is worth more: £2 or 20p?
£220p
11
FWhich coin is worth more: 10p or £2?
10p£2
12
FWhich coin is worth more: 2p or 5p?
2p5p
13
FWhich coin is worth more: £1 or 2p?
£12p
14
FWhich coin is worth more: 5p or 50p?
5p50p
15
FWhich coin is worth more: £2 or 50p?
£250p
16
FWhich coin is worth more: 20p or 50p?
20p50p

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