Coins of the pound sterling Coins of the pound sterling The standard circulating coinage of the United Kingdom is denominated in pounds sterling (symbol "£"), and, since the introduction of the two-pound coin in 1994 (to celebrate the 300th anniversary of the Bank of England 1694–1994), ranges in value from one penny to two pounds. Since decimalisation, on 15 February 1971, the pound has been divided into 100 (new) pence. From the 16th century until decimalisation, the pound was divided into 20 shillings, each of 12 (old) pence. British coins are minted by the Royal Mint in Llantrisant, Wales. The Royal Mint also commissions the
Royal Mint (Denmark) of worship by a German congregation. The Royal Mint was moved to Bremerholm, the Royal Naval dockyards, most likely in the anchor forge, which was later converted into Church of Holmen. The Royal Munt returned to the former monastery in 1593. From 1614 until 1661 the production of coins mainly took place at Copenhagen Castle, although other sites were also in use as mints during this period. A new currency, the Danish rigsdaler, was introduced in 1625. Gotfred Krüger, who was the king's mint master from 1664 to 1680, acquired a property in Borgergade in 1671 while the production of