The pound sterling, known in some contexts simply as the pound or sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, Gibraltar, South Georgia and the South Sandwich Islands, the British Antarctic. There are eight accepted coins in UK currency, including the £2, £1, 50 pence, 20 pence, 10 pence, 5 pence, 2 pence, and 1 pence (penny). 5 Pence Coin Decimal, Coins, British, Money, Rooms, Silver 20 Pound Note 20 Pounds, The Twenties, British, 1, Note, Club Two Pence Coin Pictures of UK Coins - The Decimal Penny Valuable Coins, Penny Coin, World Coins. The Royal Mint withdrew the shilling and florin two shillings coins when it introduced the new smaller 5p and 10p coins. The value of the pound itself was unchanged by decimalisation. Decimal crowns are generally not found in circulation as their market value is likely to be english money coins than their face value, but they remain legal tender. The size and weight of the coin remained exactly the same. English money coins will see all of us out, until they die a natural death. Check before using them as they are likely to charge a fee for every transaction.