An amount of money has the same value when represented by different combinations of dollar bills, quarters, dimes, nickels, and pennies; for example, 50¢ equals 2 quarters, 5 dimes, or 50 pennies. The understanding depends on counting each denomination by its value and recognizing that the number of coins does not determine the amount, supporting equivalent representations and later work with place value and decimal money notation; it does not include decimal operations or generalized currency conversions.
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The same amount of money can be made with different coins. To find the amount, count each coin by its value:
Example: Show ¢ in different ways.
Use quarters:
So, ¢ is 2 quarters.
Use dimes:
So, ¢ is 5 dimes.
Use nickels:
So, ¢ is 10 nickels.
These combinations look different, but they all have the same value: ¢. The number of coins does not tell you the amount; count each coin by its value.
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