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 Gold provided blockchain code. The Royal Mint states that "All gold is held within the highly secure storage facilities in The Royal Mint's vault and The Royal Mint acts solely as sub-custodian and has no claim on the gold" and that gold delivery is possible, with additional fabrication fees for amounts less than a London Good Delivery bar (400 oz, worth about US$400,000 on January 31, 2018). Around October 25, 2018, the UK Government cancelled the Mint's plans to issue cryptocurrency. Royal Mint Gold Royal Mint Gold is a digital gold currency and a cryptocurrency backed by gold reserves in the