Abstract: An educational toy is provided which includes a block of material, preferably a solid block of wood or plastic in the shape of a board and with a plurality of holes extending completely therethrough. A number of pegs are also provided which fit loosely into the holes in the board and have a corresponding cross sectional shape as the holes. In preferred embodiments, these pegs are substantially longer than the thickness of the board so that they protrude upwardly from the board when placed in position in the holes with the board on a table or other flat backing surface. One side of the board includes respective letters of the alphabet adjacent the holes, while the other side of the board includes the numbers 1 to 26 adjacent the respective holes.