Our Two Cents is a strategy to increase student discourse and have students respond to questions with more justification, reasoning, and elaboration. Giving their "two cents" refers to them giving more than a one-word response or more than one example. Adding Two Cents to a basket serves as an incentive to my students to elaborate on their responses without much prompting from me. The incentive for students can be determined by the teacher or by the members of the class so that they are motivated to push themselves rather than the teacher always pushing students.
The decoding boards, which are your basic dry erase boards, help students visually see what their brains do as they read which is looking for blends, digraphs, long/short vowels etc. Rather than simply reading off the board, I have students write the words we practice in phonics and write the diacritical marks that support and show them how to decode words along the way that then support their reading.
Graphic organizers of all sorts are used in every classroom. Guided Reading should be no exception. This strategy is not meant to focus on one type of graphic organizer, but rather on how a graphic organizer can be used to support students in accessing the text to make meaningful connections and form meaningful conversations about the text.