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 Dutch Mint to ensure that there would be enough currency available after the liberation. In 1994 " 's Rijks Munt" was renamed as "De Nederlandse Munt NV". It became a company, 100% of whose shares are owned by the Dutch State. The Queen awarded the company the prefix Koninklijk (Royal) five years later, and the company was now allowed to call itself "De Koninklijke Nederlandse Munt" (The Royal Dutch Mint). On 22 November 2016 the Royal Dutch Mint was sold to the Belgian Groep Heylen. Since 2002 the Royal Dutch Mint has been allowed to strike coins for foreign national banks in