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 Canadian Mint the mint, and had a limited mintage of only 2,000 coins worldwide. High-grade examples of this coin fetch $1500 to $5000 at auction. Demand for the coin has been unprecedented, and it was the lowest mintage 0.9999 silver coin ever produced by the Royal Canadian Mint until the 2009 release of "Surviving the Flood", a 1 kilo 0.9999 silver coin which has a worldwide mintage of only 1500. On October 19, 2007, the Royal Canadian Mint issued ten new collector coins, including a 25¢ coin minted to commemorate the 60th wedding anniversary of Elizabeth II, Queen of Canada, and Prince