It is the place in which the number (#) is in.
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say you have the number 5439 and you are looking for the value of the 5 the answer would be 5000
The Highest place value is Gogolplexsource: Kidz Almanac 2008
Units, tens, thousands ect. For Example, the place value of 4, in 15493 is 400
varible
Well, honey, the place value of 3 in 37129 is 30, because it's in the tens place. So, grab your calculator and do the math if you don't believe me. But trust me, I'm right.
Helpingwithmath has a great site that provides you with free worksheets that you can print to help your child with learning the concept of place value. They are easy to understand too.