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) Havnegade. In October 2014, it was announced by the Danish Central Bank that coin and banknote production would cease by the Royal Danish Mint and the printing facilities at the Central Bank by the end of 2016 citing production costs and the anticipated decreasing level or demand of coins and banknotes. The Central Bank are making arrangements to tender out their production to private firms. Royal Mint (Denmark) The Royal Mint of Denmark () is a mint established by the Danish monarchy in the early 16th century, which currently by law is the only company allowed to mint the Danish