Hello, my name is Mr. Tazzyman.

And I'm really looking forward to today's lesson, which is all about financial education.

We are thinking about money.

What it is, how it makes us feel, and the kinds of things that we use it for.

How exciting.

Okay, make sure that you are ready to listen, ready to learn, and then we can get started.

Here's the outcome for today's lesson.

By the end, we want you to be able to say, "I know the value of some coins and how they can be combined to make the same or different amounts." These are the key words that you are going to be hearing today.

I'm gonna say them and I want you to repeat them back to me so that we all get used to them.

I'll say my turn and say the word, and then I'll say your turn and you can say it back.

Ready? Okay.

My turn.

"Coin." Your turn.

My turn.

"Value." Your turn.

My turn.

"Pence, or penny." Your turn.

Great.

What a good start.

In this lesson, we're gonna start by thinking about, what is the value of this coin? Then, we're gonna move on to looking at valuing a collection of coins.

In this lesson, you are gonna meet Jun and Sofia.

They're two friends who are gonna help us to think about some of the bits in the lesson.

They'll talk things through, they'll give us some prompts, and they'll reveal some of their thinking, which is a really good way for us to be able to learn.

Hi Jun.

Hi Sofia.

Well, they're ready.

Are you? Let's see.

We've got a bag here and it's full of different coins.

Sofia and Jun pick out a coin.

The coin with the highest value wins, so they're playing a game together.

They're gonna pick out a coin each and see who's got the coin with the greatest value.

There's Sofia's coin.

There's Jun's coin.

Who's won? Do you recognise those coins? Do you know what their value is? I wonder if you could use them to complete that stem sentence at the top.

Sofia says, "I got a 2p coin." Jun says, "I got a penny." 2p is worth more than 1p.

"I won," says, Sofia Can you see that? Sofia picked out a two pence coin, and Jun picked out a one pence coin.

So, that means that Sofia's coin was worth more.

She was the winner.

You can see this by looking at the 2p coin and thinking about how many pennies is that value the same as.

So, we could take that 2p coin, and we could actually exchange it for two pennies.

2p is the same as two pennies, so Sofia actually had double the amount.

I wonder if we used 10p instead of 2p, because Sofia has picked out 10p this time.

What's 10p the same as in pennies? Well, let's exchange it and see.

10p is the same as 10 pennies.

Okay, it's time to check your understanding so far.

There's a couple of things that I'd like you to do here.

First of all, you need to complete the stem sentences.

We've got "5p is the same as" how many pennies? Can you see the gap? You've got to fill that in with a number, the number of pennies that you think 5p has the same value as.

It's the same at the bottom as well, except it's a different coin.

We've got "2p is the same as 'something' pennies." Once you've completed those, you've got to match each of those sentences with the collections of pennies on the right.

So, on that right hand side, you can see you've got two pennies at the top, and then there's 1, 2, 3, 4, 5 pennies at the bottom.

Each of those collections matches with one of these statements.

Alright, give those two things a go.

Pause the video.

Good luck.

Welcome back.

Let's see how we get on.

"5p is the same as five pennies," and that one matched to the collection of five pennies on the bottom right of the screen.

The second stem sentence was "2p is the same as two pennies," and that matches to the two pennies at the top of the screen.

Did you manage to get that? I hope so.

We are gonna have a go at Task A now.

For number one, you are gonna play the game that Sofia and Jun were playing.

And think about how many 1p coins make up the value of your coin.

So, if you were to pick out a 10p piece, I wonder how many pennies that would be worth.

That can help you to identify who wins.

Okay then, pause the video here to have a go at that game.

I hope you enjoy it, and good luck.

Welcome back.

Here's what happened between Sofia and Jun.

Jun drew out a two pence piece.

Sofia drew out only one penny.

That meant that Jun won, which is good because Sofia won the last one.

So, it's kind of nice for Jun to be able to have a victory as well.

You can see that Jun's two pence piece is worth the same value as two pennies.

There they are.

Okay, let's move on to the second part of the lesson, then, "Value a collection of coins." Sofia and Jun changed the game, so they've still got their bag there and you can see it.

But this time they pick out four coins, so four instead of one.

The total value closest to 20p wins.

So, now they've got to pick out four coins and see who gets the closest to 20p.

"I'll go first then," says Sofia.

"Here are my four coins." So, Sofia's picked out a penny, a 5p piece, a 2p piece, and a 2p piece.

"Let's work out the total value then," says Jun.

How might you do that? What would you do, I wonder.

We've got one penny, five pence, two pence, and two pence.

Sofia says "5 + 1 + 2 + 2 = 10" So, the value of the coins is 10p.

So, Sofia's got 10p.

I wonder if Jun will get coins that are closer to 20 than that.

"My turn," he says confidently.

Sofia asks, "Is the value of these coins closer to 20p?" You can see he's got four coins there.

Have a look at them.

What do you think? We've got five pence, 10 pence, two pence, and one penny.

"1 + 2 = 3 and 10 + 5 = 15." "15, added to 3, is equal to 18." "I have 18p" says Jun.

Who's the winner then, do you think? Hmm.

Well, let's see by using a number line to help.

There's Sofia's score.

She's got 10 pence.

There's Jun's score.

He's got 18 pence.

"You won," says Sofia.

"18p is closer to 20p than 10 P is." Okay, let's check your understanding then.

What is the value of these sets of coins? You've got A, B, and C.

There's a collection of coins for each of those.

So, number one, you just need to work out what their value is, but there's also a two and three.

For number two, you need to decide which set is worth the most.

For number three, which is worth the least? Have a go at those to check your understanding so far.

Pause the video here.

I'll be back in a little while with some feedback.

Welcome back.

Let's just check how you got on.

A, 1A, that is, was worth 17 pence.

B, was worth 13p.

And C, was worth 21p.

Set C was worth the most.

And set B was worth the least.

How did you get on? Did you have the same? It's time for Task B now.

You are gonna play the game that Sofia and Jun were playing.

That's the game where you pick out four coins.

Remember, the target is 20p.

Is there a way of picking higher value coins without being able to see them? Hmm.

Well, it would be a good strategy if you could find a way.

For number two, you've got to decide whether you agree with Jun, and why? Draw or use some coins to explain your thinking.

Jun says, "The more coins you have, the more money you have." Is Jun right or wrong? What do you think and can you explain it? That's a really important part of financial education, being able to explain.

Okay, pause the video here and have a go at those tasks.

I'll be back soon with some feedback.

Welcome back.

Jun and Sofia played the game.

And Jun discovered that you could compare the coins by feeling the sizes of them.

"10p is the second biggest coin, but has the highest value." Useful tip, that.

I wonder if that might change your minds when you come to selecting coins without being able to see them.

For number two, we had to choose whether we agreed with Jun or not.

Sofia said, "I disagree.

The coins have different values." Five pennies are worth less than one 10p coin.

And that's a good example where we've got lots of coins actually being worth less than just one coin.

So, it's not always about having loads of coins.

It's about the value of those coins as well, which is why we spent some time learning how to value a collection of coins today.

Okay, let's summarise.

Coins are worth different amounts.

You can see we've got a one penny, a two pence piece, a five pence piece, and a 10 pence piece.

Coins can be combined to make different amounts of money.

You can work out how much money you have by adding together the value of all the coins.

I really enjoyed that lesson today.

It's good to play games sometimes to help our learning.

My name's Mr. Tazzyman.

I hope I'll see you again soon for another financial education lesson.

Bye for now.