Value of Money

Lesson Plan
Lesson: ___Value of Money___
Length: ___20 minutes___
Age or Grade Level Intended: __2nd Grade__
Academic Standard(s):
 2.5.12 Find the value of a collection of pennies, nickels,
dimes, quarters, half-dollars, and dollars.
Performance Objective(s):
 Given a set of coins, students will be able to correctly
identify the amount 4 out of 5 times.
Assessment:
 Worksheet (see attached)
Advance Preparation by Teacher:
 Create worksheet (see attached)
 Create sheet of practice problems (see attached)
 See if corresponding teacher has play money for students to
work with.
o If the teacher does not have play money, have the
students draw it on a piece of scrap paper.
Procedure:
Introduction/Motivation:
 How many of you like to spend money?
o You need to be able to count money correctly in
order to know if you are able to buy things.
o We will practice how to count different amounts
of money.
 Ask students how much each coin is worth.
1.
2.
3.
4.
5.
6.
Step-by-Step Plan:
Pass out play money to students, or have them get out a scrap
sheet of paper.
On the blackboard, write out, in words, which coins the
student need to count.
a. Examples are on the attached sheet labeled “Practice
Problems”
Have a volunteer give the answer they came up with.
a. If the student is incorrect, ask them to recount.
i. While student is recounting, ask for another
volunteer.
After a student has correctly identified the amount of money,
have the class help you count the amount aloud.
After going through the practice problems, give the students
a story problem (also on the attached sheet labeled “Practice
Problems).
a. For these problems, student will be given an amount of
money and the price of an item. The students have to
count the money and determine if they would have
enough to purchase the item.
Have a volunteer for each problem give the amount they
came up with and their answer to whether or not they can
purchase the item with the amount of money they have.
Closure:
 Have the students do the worksheet as extra practice.
o This worksheet is similar to the story problems.
Adaptations/Enrichment:
Self-Reflection:
What were the positives/ negatives of the lesson?
Was I able to keep the students engaged?
Were the students able to catch the concept of the lesson?
What could I have done to make this lesson more effective?
Practice Problems
1. 1 quarter, 2 dimes, 2 nickels, 4 pennies = $0.59
2. 3 dimes, 4 nickels, 2 pennies = $0.52
3. 2 quarters, 1 dime, 3 nickels, 2 pennies = $0.77
4. 3 quarters, 4 nickels, 3 pennies = $0.98
5. 2 quarters, 2 dimes, 3 nickels, 4 pennies = $0.89
6. 1 quarter, 1 dime, 3 pennies = $0.38
7. 1 quarter, 2 dimes, 4 nickels = $0.65
8. 3 quarters, 2 dimes = $0.95
9. 2 dimes, 5 nickels, 3 pennies = $0.48
10.2 quarters, 1 dime, 4 nickels, 2 pennies = $0.82
Story Problems
1. A pencil costs $0.48. You have 1 quarter, 1 dime, and 2 nickels in
your pocket. Can you buy the pencil?
a. No, you only have $0.45.
2. A marker costs $0.79. You have 3 dimes, 2 nickels, and 4 pennies in
your pocket. Can you buy the marker?
a. No, you only have $0.44.
3. An eraser costs $0.57. You have 2 quarters, 3 nickels, and 2 pennies.
Can you buy the eraser?
a. Yes, you have $0.67.
4. A pen costs $0.89. You have 2 quarters, 3 dimes, 2 nickels, and 2
pennies. Can you buy the pen?
a. Yes, you have $0.92.
5. A box of crayons cost $0.77. You have 2 quarters, 2 dimes, 1 nickel,
and 1 penny. Can you buy the crayons?
a. No, you have $0.76.
Do I Have Enough?
Name______________________
Date_______________
Directions: Read and answer each problem. If you have enough
money write YES on the line. If you do not have enough money
write NO on the line. For each problem write the amount of money
you have.
1. A pack of gum costs $0.68. You have 2 quarters, 1 dime, 1 nickel and
1 penny. Can you buy the pack of gum?
2. A baseball card costs $0.79. You have 2 quarters, 1 dime, 3 nickels,
and 6 pennies. Can you buy the baseball card?
3. A toothbrush costs $0.54. You have 4 dimes, 2 nickels, and 3 pennies.
Can you buy the toothbrush?
4. A pencil costs $0.34. You have 1 dime and 4 nickels. Can you buy
the pencil?
5. A tube of glue cost $0.98. You have 3 quarters, 2 dimes, and 1 nickel.
Can you buy the tube of glue?