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 Australian Mint now open to the public. In 2014, the Abbott Government announced a scoping study into selling the Royal Australian Mint. Royal Australian Mint The Royal Australian Mint is the sole producer of all of Australia's circulating coins. Opened in 1965 and situated in the Australian federal capital city of Canberra, in the suburb of Deakin, the Mint is also a very popular tourist destination for visitors and locals alike. Before the opening of the Australian mint, Australian coins were struck at branches of the Royal Mint - the Sydney Mint, Melbourne Mint and Perth Mint. The Royal Australian Mint is