The national currency of the United Kingdom is the pound sterling. 1 pound equals 100 pence. Coins issued by the Royal Mint are legal tender throughout the UK. For some coin denominations, amounts are established within which they are legal tender. The coins in circulation are 1, 2, 5, 10, 20, 50 pence, 1 and 2 pounds. 25 pence and 5 pound coins are rare.