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) coins took place in a neighbouring building. This lasted until 1749 when it was sold. The Mint Master's House was dismantled in 1943 and put into storage. It has now been rebuilt in the Old Town open-air museum in Aarhus. It was at Borgergade that the practice began of printing a heart on Danish coins. It is unclear whether this symbol originally signified the mint master family or the locality but since the initials CW for Winekes are often found next to it on coins from the time, the latter is assumed to be the case. In 1749, at Nyhavn,