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
Melbourne Mint 1968 and two cent coins in 1966. From 1969 all coin production moved to the Royal Australian Mint in Canberra, and the building housing the coin minting equipment was demolished shortly afterwards. The remaining administrative building is now the home of the Royal Historical Society of Victoria, and has been leased to the private sector since 2001. The former Royal Mint is located on the corner of William and La Trobe Streets (280-318 William Street and 387-429 La Trobe Street) and is of architectural significance as one of the most impressive 19th century government buildings in Victoria, and one of