ABC (Australian Broadcasting Corporation)



Activity

Making Money

Key Learning

Students will use timelines to describe past events and changes in relation to Australian currency. Students will solve mathematical problems involving currencies and exchange rates.

The Australian Curriculum

|Mathematics / Number and Algebra / Real numbers | |History / Historical Skills / Chronology, terms and concepts |

| | | |

|Recognise and solve problems involving simple ratios (ACMNA173) | |Use historical terms and concepts (ACHHS118) (ACHHS206)  (ACHHS099) |

|[pic] | | (ACHHS082) |

|Express one quantity as a fraction of another, with and without the | |[pic] |

|use of digital technologies(ACMNA155) | |Sequence historical people and events. (ACHHS117)  (ACHHS098) |

|[pic] | |(ACHHS081) |

|Multiply and divide fractions and decimals using efficient written | |[pic] |

|strategies and digital technologies(ACMNA154) | |Sequence historical events, developments and periods (ACHHS205) |

|[pic] | |[pic] |

|Mathematics / Number and Algebra / Money and financial mathematics | | |

| | | |

|Solve problems involving purchases and the calculation of change to | | |

|the nearest five cents with and without digital | | |

|technologies (ACMNA080) | | |

|[pic] | | |

Discussion Questions

1. Where are Australian coins made?

2. Where in Australia is the Royal Australian Mint found? Locate using Google Maps.

3. Describe what the factory looks like.

4. What is the name of the largest and strongest robot found at the mint?

5. What part of the process does Titan perform?

6. How many coins are made per minute?

a. 65

b. 650

c. 6,500

7. The Royal Australian Mint is run entirely by robots. True or false?

8. Describe how a new coin is designed.

9. What is Australia’s currency called?

10. Illustrate the coin making process from start to finish.

Activities

|Art and Design |

Ask your students to match the Australian coins with their corresponding designs.

Provide students with the opportunity to find out more about Australian coins, and the images/symbols that are represented on Australian coins.

Do you know who is responsible for designing, minting, and releasing Australian coins? Meet the minties, the people behind the scenes at the Australian Royal Mint.

Students will design their own coin. Brainstorm some ideas as a class. Students will need to consider the following:

• What elements make up the design of the coin? Consider shape, size, images, theme, colour and currency.

• What are you trying to represent? Is it an event, a commemoration, your school logo/emblem or is it a new Australian coin? What symbols will you use?

Refer to the Royal Australian Mint’s Art & Design Investigation for more information on designing your own coin

|Mathematics |

Watch BtN’s Strong Dollar story to find out more about the Australian dollar, and then answer the following questions.

• Find out more about Australia’s currency.

• Explain how the decimal currency system works.

• What denominations do Australia’s coins and notes come in?

• What is Australia’s currency called? Find and list the names of different currencies around the world.

The value of the Australian dollar against other currencies such as the US dollar, the Japanese yen and the British pound can vary on a daily basis depending on a number of factors.

• Find out the rate of the Aussie dollar compared to other currencies. List the rate today and then compare the rate the following day. Refer to the Reserve Bank of Australia’s website for up to date exchange rates

|Australian dollar |

Provide students with the opportunity to create a timeline of significant historical events relating to the Royal Australian Mint. Consider adding photos and video. Refer to the Royal Australian Mint’s website for more information.

Watch this animation which was made to help Australians with the change from shillings and pounds to dollars and cents.

This animated black-and-white television advertisement was designed to assist Australians with the transition from imperial to decimal currency on 14 February 1966. Through a question-and-answer format, a grandmother and a small girl explain the transition between currencies, the comparative value of each currency and the ability to use either dollars and cents or pounds, shillings and pence for up to two years after the new currency goes into circulation.

[pic]

For inspiration take a look at these infographics which track the history of the British Royal Mint.





[pic]

Use templates provided by dipity or read write think to create your own timeline.





( Related Research Links

Royal Australian Mint – Frequently Asked Questions



Royal Australian Mint – Education: At the mint



Rates FX – Currency Convertor



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Episode 26

10th September 2013

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Timeline investigation

• When was the Royal Australian Mint opened?

• What is Australia’s rarest coin?

• When was the name ‘dollar’ first approved?

• Which coin and note denominations were in use during the time of Federation?

• When was decimal currency introduced in Australia?

• When was the $1 coin first released?

• When was the $2 coin first released?

• When were 1c and 2c coins taken out of circulation?

• What is the origin of the $ sign?

• When did Australia change to a decimal currency system?

1990

1c and 2c coins taken out of circulation

1984

The $1 coin was first released

Research questions

• What do the images on Australian coins represent? Think about Australian symbols.

• Introduce students to coins of other countries. Collect and print a selection of coins, via online research, from various countries around the world. Alternatively ask students to bring to school examples of coins that they have collected from other countries. Ask students to name what country the coins come from, and then research the significance of the designs.

• Compare Australian coins and coins from another country. How are they similar or different?

• What is numismatics? Conduct online research into the science, study or collection of coins.

• What is the difference between a circulating and an uncirculating coin?

22 February 1965

Australian Royal Mint opened

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