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Mathematics / Year 3 / Number and Algebra / Money and financial mathematics

View on Australian Curriculum website Australian Curriculum, Assessment and Reporting Authority
Curriculum content descriptions

Represent money values in multiple ways and count the change required for simple transactions to the nearest five cents (ACMNA059)

Elaborations
  • recognising the relationship between dollars and cents, and that not all countries use these denominations and divisions (for example Japanese Yen)
General capabilities
  • Numeracy Numeracy
  • Critical and creative thinking Critical and creative thinking
ScOT terms

Money,  Purchasing

Video

Funny money

What do you use money to buy? In this clip we look at Australian money. See the different coins and notes that make up our money system. We investigate if size, (in coins) does matter. Check out how many 5 cent pieces you need to make two dollars. We also look at some currencies used around the world. Find out which country ...

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Thrale and Cross halfpenny token, c1854

This is a copper halfpenny token dating from about 1854. It features the name, address and business type of the issuer, 'THRALE AND CROSS / HOWARD ST NORTH MELBOURNE / FAMILY GROCERY AND EGG POWDER STORE'. The reverse side features a stock design depicting a female allegorical figure of Australia sitting on a rock. She ...

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Lewis Abrahams token penny, 1855

This is a round, bronze token featuring the name, business and address of the issuer: Lewis Abrahams / Draper / Liverpool Street / Hobart Town. The reverse features an emu facing a kangaroo in a grassy field, with 'Tasmania' above and the year below. The token has a diameter of 34 mm and weighs 13.45 g.

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Miller Brothers token penny, 1862

This is a round copper token featuring the name and business of the issuer: Miller Brothers / Coach Builders / Melbourne. In the centre is an engraving of a coach. The reverse features a coat of arms flanked by an emu and kangaroo. The shield, surmounted by a rising sun, depicts a sailing ship, golden fleece, anchor and ...

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Martin and Sach token penny, 1858

This is a round, copper token featuring the name, business and location of the issuing firm: Martin and Sach / Ironmongers / Adelaide. The reverse shows a blindfolded Justice standing by the sea holding an overflowing cornucopia in one hand and scales in the other. A sailing ship is in the background. Above this scene is ...

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Miller and Dismorr token penny, c1854-56

This is a round copper token, minted by Smith and Kemp of Birmingham. On the obverse is stamped: 'MILLER AND DISMORR / MELBOURNE / DRAPERS / HABERDASHERS AND C / COLLINS.ST'. On the reverse is stamped: 'ONE / PENNY / TOKEN / SMITH AND KEMP. BIRMM'. The coin is 34 mm in diameter and weighs 15.977 g.

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Levy Brothers token penny, 1855

This is a round, copper token featuring the name, address and business of the issuer: Levy Brothers / Arcade, Melbourne / Importers of Fancy Goods. The reverse shows Justice seated on a wool bale, holding an overflowing cornucopia in one hand and scales in the other. A sailing ship is in the background. Surrounding this ...

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Fisher token halfpenny, 1857

This is a round copper token, minted by W. J. Taylor, London. The obverse features an emu facing a kangaroo in a grassy field. Above them is inscribed 'AUSTRALIA' and underneath, '1857'. On the rim and the field of the reverse is inscribed: 'FISHER / DRAPER / MARLBOROUGH HOUSE / GARDINERS CREEK ROAD'. The token is 28 mm ...

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Royal Australian Mint: learning

This website provides a range of resources and activities and activities for students and teachers about the history of Australian currency, the minting process and Australia's decimal currency. Of note is an interactive slideshow with high resolution images of currencies from Indigenous barter systems to modern Australian ...

Interactive

Australian coin history

This interactive slideshow from the Royal Australian Mint provides a series of high resolution images and brief descriptions of currencies from Indigenous barter systems to modern Australian currency. A downloadable fact sheet on Australian coin history is accessible from selected pages within the slideshow.

Online

Royal Australian Mint: units of work

This suite of teaching and learning units of work related to Australian currencies for middle and upper primary students. The units explore the role coins play in commemoration and the history of Australian currency from colonial times to post Federation. Lessons are supplemented with a range of cross-curriculum lesson ideas.

Interactive

Decimal currency

This interactive slideshow from the Royal Australian Mint provides a series of high resolution images and brief descriptions of the transition from pre-decimal to decimal currency in Australia.

Online

Investigating Australian coins

This teaching and learning unit of work contains five lessons that explore Australian coin currencies. Students learn to recognise, describe and order coins according to their values and experiment with counting small coin collections.

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S Deeble token penny, 1862

This is a round, copper token featuring the name, business and address of the issuer: S Deeble, Draper / London House, Bourke St / Melbourne. The reverse shows an emu on a grassy plain with a rising sun on the horizon. Below this is an 'Advance Victoria' banner. Above this scene are 'Victoria' and the year, and below it ...

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George Nichols token penny, 1862

This is a round, copper token featuring the name, business and location of the issuer: George Nichols / Bookseller and Stationer / Opposite Corner to Post Office / Melbourne. The reverse features a coat of arms flanked by an emu and kangaroo. The shield, surmounted by a rising sun, depicts a sailing ship, golden fleece, ...

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J Hosie token penny, 1862

This is a round, copper token featuring a scotch thistle, and the name, business and address of the issuer: The Scotch Pie Shop / J Hosie / 10 and 12 Bourke St East / Melbourne. The reverse features an emu on a grassy plain set against a rising sun, with an 'Advance Victoria' banner underneath. Above this scene are 'Victoria' ...

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Professor Holloway proof token halfpenny, c1857

This is a round bronzed copper proof striking of a Professor Holloway token, minted by J Moore. The token features a profile head of Professor Holloway on the obverse with PROFESSOR HOLLOWAY / LONDON inscribed around the edge. On the reverse is a rendition of Hygeia, the ancient Greek goddess of health, looking at a snake ...

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Fenwick Brothers penny token, c1862

This is a round copper penny token issued by Fenwick Brothers, Melbourne retailers and wholesalers, in about 1862. In the centre is a depiction of Observatory House beside a large flagstaff with cross stays, ropes and a flag. Surrounding this illustration are the business name and address of the issuers, 'FENWICK BROTHERS ...

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W C Cook penny token, 1862

This is a round copper penny token, dating from 1862, that was minted by Thomas Stokes. It features the name, address and business of the issuer, 'ODD FELLOWS STORE / W.C. COOK / BAY. ST. / SANDRIDGE / SUGAR COMPANIES TREACLE DELIVERED / ORDERS PUNCTUALLY ATTENDED TO'. The reverse side features a Stokes stock design. A ...

Video

Calculating ratios using the value of the Australian dollar

The value of the Australian dollar rises and falls on a regular basis. Listen to Kirsty Bennett explain how this is good if we want to purchase goods that are produced overseas but makes Australia a more expensive place for tourists to visit. This clip provides a context to calculate ratios.