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 Royal Dutch Mint The Royal Dutch Mint (Koninklijke Nederlandse Munt) based in Utrecht, the Netherlands, is a company owned entirely by the Dutch State, and since 1807 the only Dutch entity allowed to strike and issue coins. On 17 September 1806, when The Netherlands were under the rule of King Louis Napoleon, he decided that the striking and distribution of coins should be by a single, national body. This was in contrast to the Middle Ages custom of large trading cities having their own mint and coins, which resulted in several coins circulating within the country, and many levels of