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
Kremnica Mint Kremnica Mint The Kremnica Mint (Slovak: "Mincovňa Kremnica") is a state-owned mint situated in Kremnica, Slovakia. The predecessor of current Mincovňa Kremnica, š. p. (štátny podnik = state company) was established in 1328, and for nearly seven centuries it has continuously been producing mint articles. Kremnica Mint was established in 1328 when Kremnica was promoted to a free royal town by the Hungarian King Charles Robert of Anjou; the mint issued several kinds of coins early on, of which the most successful was its ducat. Kremnica ducats were well-known because of their good quality and were considered the hardest currency