Understand the coins. There are 8 coins issued in Great Britain. There is the penny (£0.01), the 2 pence (£0.02, or 2p), the 5 pence (£0.05, or 5p), the 10 pence (£0.10, or 10p), the 20 pence (£0.20, or 20p), the 50 pence (£0.50 or 50p), the one pound (£1) and the two pound (£2). The 1p and 2p are copper. The 5p, 10p, 20p and 50p are silver. One pound coins are gold, and two pound coins are silver and gold.
Understand the bank notes. There are 4 bank notes issued. The 5 pound note (£5), the 10 pound note (£10), the 20 pound note (£20) and the 50 pound note (£50).
Note the ratio of pence to the pound. There is exactly 100 pence to one pound. This ratio is exactly the same as the dollar (100 cents to one dollar).
Now put your knowledge into practice. Simply add all of the numbers on the pence pieces until you reach 100. So, identify all of the solid silver and copper pieces (remember these are the pence pieces), look at the numbers on each of the coins and add the numbers together. If you reach 100, then you have a pound. After you add your pence pieces together, continue on to the pounds. The pounds are gold and silver and gold as well as the bank notes. Add all of these together, plus the amount that you came to with the pence pieces, and that is the total amount of money you have.
