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Year 3 Financial Literacy

Australian Coins and Notes

Learn about Australian money — what each coin and note looks like, how much they are worth, and how to count them!

Australian Coins

Australia has 6 different coins. Each coin is a different size and colour. Let's learn about each one!

5c

5 cents

Small & silver. Has an echidna on it.

10c

10 cents

Medium & silver. Has a lyrebird on it.

20c

20 cents

Large & silver. Has a platypus on it.

50c

50 cents

Big 12-sided shape! Has the coat of arms.

$1

1 dollar

Gold & medium. Has kangaroos on it.

$2

2 dollars

Small & dark gold. Has an Aboriginal elder.

Fun Fact: The $2 coin is the smallest Australian coin, but it is worth the most of all the coins! Size does not always tell you the value.

Australian Notes

Australia has 5 different notes (paper money). Each note is a different colour to help you tell them apart.

$5

Five Dollars

Pink/purple colour. Features Queen Elizabeth II and Parliament House.

$10

Ten Dollars

Blue colour. Features Banjo Paterson and Dame Mary Gilmore.

$20

Twenty Dollars

Red/orange colour. Features Mary Reibey and Reverend John Flynn.

$50

Fifty Dollars

Yellow colour. Features David Unaipon and Edith Cowan.

$100

One Hundred Dollars

Green colour. Features Dame Nellie Melba and Sir John Monash.

Counting Money

To count money, start with the biggest coins first, then add the smaller ones. Let's try!

Example: How much money is here?

$1
50c
20c
5c

Step 1: Start with the biggest: $1.00

Step 2: Add 50c: $1.00 + $0.50 = $1.50

Step 3: Add 20c: $1.50 + $0.20 = $1.70

Step 4: Add 5c: $1.70 + $0.05 = $1.75

Total = $1.75

Making Change

When you pay for something, you might get change back. Change is the money left over after you pay.

Example: You buy an ice cream for $3 and pay with a $5 note

You pay: $5.00

Ice cream costs: $3.00

Change = $5.00 - $3.00 = $2.00

You get $2.00 change!

Key Vocabulary

Coin

A small, round piece of metal used as money. Australia has 6 coins.

Note

Paper (plastic) money. Australian notes are made of special polymer plastic.

Change

The money you get back when you pay more than the price of something.

Value

How much something is worth. A $2 coin has more value than a 50c coin.

Worked Examples

1

Count these coins: $2, $1, 20c, 10c

$2
$1
20c
10c

Step 1: Start big: $2.00

Step 2: Add $1: $2.00 + $1.00 = $3.00

Step 3: Add 20c: $3.00 + $0.20 = $3.20

Answer: $3.20 + $0.10 = $3.30

2

A toy costs $4.50. You pay with a $5 note. How much change?

Step 1: You paid $5.00

Step 2: The toy costs $4.50

Answer: $5.00 - $4.50 = $0.50 (50 cents change)

3

Which coins make exactly $1?

Way 1: One $1 coin

Way 2: Two 50c coins (50c + 50c = $1.00)

Way 3: Five 20c coins (20c + 20c + 20c + 20c + 20c = $1.00)

Way 4: 50c + 20c + 20c + 10c = $1.00

Knowledge Check

Select the correct answer for each question. Click "Check Answer" to see if you are right.

Question 1

How much is a $2 coin and a $1 coin together?

Question 2

Which Australian note is blue?

Question 3

You buy a drink for $2.50 and pay with a $5 note. How much change do you get?

Question 4

How many 50 cent coins do you need to make $2.00?

Question 5

You have a $1 coin, a 20c coin, and a 5c coin. How much money do you have?

Key Concepts Summary

Year 2: Saving Up Year 3: Needs Wants