Grade 2Time and Money2.MD.C.8

Coin Values

A penny is 1¢, a nickel 5¢, a dime 10¢ and a quarter 25¢.

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Here are the coins you will use most: the penny, nickel, dime and quarter. Each one is worth some cents (¢). Counting by 5s and 10s (Skip Counting by 5s, 10s and 100s) will help.

Coins at their real sizes. The dime is the smallest coin, but it is worth more than a penny or a nickel.
What each coin is worth.
CoinValueSame as
penny1¢1 penny
nickel5¢5 pennies
dime10¢2 nickels, or 10 pennies
quarter25¢5 nickels, or 2 dimes and 1 nickel

Why it works

A coin’s value comes from its name, not its size. That is why you have to learn each one. A dollar is 100¢: that is 4 quarters, 10 dimes or 20 nickels.

Worked example: Nickel or dime?

Which is worth more, a nickel or a dime?
  1. A nickel is 5¢. A dime is 10¢.
  2. 10 is more than 5, so the dime is worth more, even though it is smaller.

Answer: a dime

Worked example: Make 25¢ without a quarter

How can you make 25¢ with dimes and a nickel?
  1. Count the dimes by 10s: 10, 20.
  2. Add a nickel: 25.

Answer: 2 dimes and 1 nickel

Your turn: make 25¢ without a quarter.

Key idea

Penny 1¢, nickel 5¢, dime 10¢, quarter 25¢. Size does not tell value.

Common mistake

Thinking a nickel is worth more than a dime because it is bigger. Check by saying the values: nickel 5, dime 10.
Grown-up tip: Empty a coin jar and sort the coins together, saying each coin’s name and value.

Practice

Pass with 3 right answers, the last 2 in a row. Each right answer earns 1 XP.

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Sources and further reading

  • Common Core State Standards for Mathematics, Grade 2, standard 2.MD.C.8 (solve word problems involving dollar bills, quarters, dimes, nickels and pennies, using dollar and cent symbols)
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