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
Pakistan Mint Pakistan Mint The Pakistan Mint is a coin press located in Shalimar Town, Lahore, Pakistan. It is the oldest mint located in Pakistan. It is governed by the State Bank of Pakistan. The mint has been in operation since 1942. Currency denominations of 1, 2, and 5 rupee coins are currently minted there. Pakistan Mint has residential quarters, shops and recreational parks located within the vicinity. It is located opposite of Mapco Corp. on Grand Trunk Road. Pakistan Mint has been manufacturing not only coins or currency for the state but also medals and awards for the Military Armed Forces,