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The Pound

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Basics on the topic The Pound

The Pound – Coins and Notes

Money is a way for you to buy things that you would like to own. The pound is a form of currency used in the United Kingdom. Paper currency means that the money comes in form of a paper note that reads a number whereas coins are small pieces of metal that have a certain value. The number printed on it represents the value of the pound.

Teaching about Money – Pounds and Pence

In the United Kingdom, we use pounds and pence as our currency or money. There is 100 pence in a pound. In this video, we will focus on pounds and the coins and notes we use. There is a special symbol used to represent the pound which we can see in the image below.

25217_SEO_UK_poundsymbol-01.svg

There are two commonly used coins and four commonly used notes that have a value of pounds. They are the £1.00 coin, the £2.00 coin, the £5.00 note, the £10.00 note, the £20.00 note and the £50.00 note.

25217_SEO_UK_allmoneynew-01.svg

Identifying the Value of Money

To identify the value of a coin or a note, you can look for details that tell you. On coins, the value is written in word form on one side. We can also use our knowledge of the colour, size and shape of the coin. On notes, the value is written in word and number form in a few different places. In the example below, you can see where you might find these on a £10.00 note. Every note has the number form and word form of the value on it.

25217_SEO_UK_10pound.svg

Pounds and Pence – Summary

There are two commonly used coins and four commonly used notes that have a value of pounds. They are:

Pounds – Coins Pounds – Notes
£1.00 £5.00
£2.00 £20.00
£5.00 £50.00

They all have the value in number or word form on them. For more on learning and teaching money, pounds and pence, have a look at our interactive exercises, worksheets and further activities after the video.

Transcript The Pound

"Zuri, you won't believe what I found out." "What, Freddie?" "We can use these to buy ICE CREAM!" "What? With this paper?" Let's help Zuri and Freddie learn all about The Pound. Pounds and pence is the currency, or money, we use in the United Kingdom. Money in the United Kingdom is represented by pounds and pence. There is a special symbol, or notation, we use when writing money in pounds, and it looks like THIS. We know what the pound symbol looks like, but how do we write it? First, start by drawing this shape, and then draw a small line across the middle. Now you have seen how to write the pound symbol, lets see what coins and notes there are! In the United Kingdom we have two main coins and four main notes that are all worth an amount in pounds. The ONE pound coin, the TWO pound coin, the FIVE pound note, the TEN pound note, the TWENTY pound note, and the FIFTY pound note. You can identify the value of a note by looking at the NUMBER written on it OR the WORD FORM of the number on the note! Before Zuri and Freddie can spend some of their savings, let's practice identifying some coins and notes and writing their value! Here is our first note. What is the value of this? We can see TEN in NUMBER form here and also in WORD form here, so the value is ten pounds! How do we write ten pounds? First, write the pound symbol, then write a TEN after it. We can also write it with a dot followed by two zeros after it where the numbers AFTER the dot would represent pence. "Okay, so that's ten pounds!" "What about this one?" What is the value of this coin? We can see it is gold and silver in colour and also has the WORD one here, so the value is one pound! How do we write one pound? First, write the pound symbol, then write a ONE after it. We can also write it like THIS. Zuri and Freddie now understand pounds. While they head off to spend some money, let's review! Remember, pounds and pence is the currency, or money, we use in the United Kingdom. We can write money in pounds by writing the pound symbol, followed by a value. There are TWO commonly used coins and FOUR commonly used notes with values of pounds. These include the ONE pound coin,the TWO pound coin, the FIVE pound note, the TEN pound note, the TWENTY pound note, and the FIFTY pound note! "I'm glad we stopped for some new stuff before we get ice cream, Freddie. We look so cool"

"Oh no, we only have enough money left for one ice cream!" "Next time, let's be more careful with our money!"

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  1. I like this video!

    From Phoebe-lee, about 1 year ago

The Pound exercise

Would you like to apply the knowledge you’ve learnt? You can review and practice it with the tasks for the video The Pound.
  • Which symbol represents the pound?

    Hints

    Remember, the symbol that represents the pound is a curly shape with a line across the middle.

    Remember, the pound symbol shows how much something costs.

    Solution

    Pounds are represented by this symbol.

  • Which places show the value of the note?

    Hints

    Remember, this is a £10 note. Look for all of the places that tell you it is worth £10.

    Sometimes the value of the note is written in words.

    Solution

    There are many places that show the value of the note.

  • What is the value of this note?

    Hints

    Remember, look at the note to see what the value is.

    In the UK, the commonly used notes are:

    • £5.00
    • £10.00
    • £20.00
    • £50.00

    Solution

    The value of this note is £20.00.

  • What's the value?

    Hints

    Look on each note to see where it says the value.

    The value of each note is written on it in numbers and words.

    Look carefully at each coin. Think about the shape and size, as well as looking out for the value written in words.

    Solution

    Here we can see the four commonly used notes in the United Kingdom:

    • £5.00
    • £10.00
    • £20.00
    • £50.00
    As well as the two coins that are worth pounds:
    • £1.00
    • £2.00

  • What is the pound?

    Hints

    There is some writing at the top and a picture of someone that give you some clues as to where the money is used.

    Do we use pounds and pence in the United Kingdom?

    Solution

    Pounds and pence is the currency, or money, we use in the United Kingdom.

  • Which combination of coins and notes should Freddie and Zuri use?

    Hints

    Remember, their ice cream costs £21.00.

    Which note and coin do they need to make this?

    There are different ways to make £21.00 but this time you are looking for a combination of a note and a coin.

    Solution

    Freddie and Zuri could use a £20.00 note and a £1.00 coin to make £21.00.

    20 + 1 = 21