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 Court of housing and office complexes. Royal Mint Court Royal Mint Court is a property on Little Tower Hill in London's East End, close to the City of London financial district. The site served as home to the Royal Mint from 1809 until 1967 and was built on the site of a Cistercian abbey, built in 1348 and known in its time as Eastminster. Eastminster's foundations are relatively well preserved and visible in the partially open basement of the site. After the Dissolution of the Monasteries, the 5.5 acre property was used as a victualling yard for the Royal Navy, then