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 Canadian Mint Mint produces and markets a family of high-purity gold, silver, palladium, and platinum Maple Leaf bullion coins, wafers, and bars for the investment market as well as gold and silver granules for the jewellery industry and industrial applications. The Mint also provides Canadian and foreign customers with gold and silver processing, including refining, assaying, and secure storage. Additionally, the Royal Canadian Mint operates a technically advanced refinery in which it refines precious metals from a variety of sources, including primary producers, industry, recyclers, and financial institutions. The Mint refines raw gold to 995 fine through the Miller chlorination process. The