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
London Mint Office London Mint Office The London Mint Office is a British-based mail order company with headquarters in Camberwell, London that specialises in sourcing and producing commemorative coins, medals and banknotes. Established in 2006, The London Mint Office is part of the Samlerhuset Group., one of Europe’s largest coin and medal companies, founded in 1994 and operating in 14 European countries. The London Mint Office is an official UK distributor for a number of international mints including the South African Mint and the Royal Canadian Mint, and has been an approved member of the Direct Marketing Association (DMA) since 2009. The company’s