What does value mean? Value is asking "How much is the number actually worth?" (ex. 543--What is the value of 5? 500. What is the value of 4? 40. What is the value of 3? 3)
What does place value mean? Place value is asking "Which place is the number in? (ex 543--What is the place value of 5? Hundreds. What is the place value of 4? Tens. What is the place value of 3? Ones.