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
Warden of the Mint Sir Walter James, 1st Baronet in 1829 the office was abolished having existed for 613 years. Warden of the Mint Warden of the Mint was a high-ranking position at the Royal Mint in England from 1216–1829. The warden was responsible for a variety of minting procedures and acted as the immediate representative of the current monarch inside the mint. The role of warden changed greatly through history with the original task being the receiving, assay and payment for bullion, while later evolving into more of an administerial role. The office received a yearly emolument of £500 and up until 1685