Royal Mint

Government-owned mint that produces coins for the United Kingdom

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2024 The Royal Mint unveiled its new Precious Metals Recovery facility at its site in south Wales, featuring a 3,700 square metre facility that uses innovative technology to extract gold from electronic waste such as printed circuit boards from TVs, laptops, and mobile phones.
2024 For the first time, no coins were minted as cash usage declined significantly, leading the Mint to seek new revenue sources like its '886' jewellery line.
2022 The Royal Mint announced plans to build a new plant in South Wales to recover precious metals from electronic waste, with the first sustainably sourced gold used in a new jewellery division called 886 by The Royal Mint.
2020 The Royal Mint delivered an operating profit of £12.7 million during the 2020-2021 financial year.
February 2020 The Royal Mint listed its first financial product, the Royal Mint Physical Gold Commodity Exchange-traded fund (RMAU), on the London Stock Exchange and Deutsche Börse.
2018 The Royal Mint began evolving its business model to adapt to declining cash use, expanding into precious metals investment, historic coins, and luxury collectibles.
2018 The Royal Mint Gold (RMG) digital gold currency project was cancelled.
2016 The mint announced plans for Royal Mint Gold (RMG), a digital gold currency using blockchain technology for trading and investing in gold.
May 2016 The Royal Mint Experience opened to the public, a visitor centre costing £9 million, featuring an interactive museum, factory floor view, education centre, and a coin-striking press for visitors.
2015 Chancellor George Osborne announced a £20 billion privatisation drive that included the Royal Mint.
2015 The Royal Mint estimated production of 2.4 billion coins for overseas countries, which exceeded domestic coinage production and provided over 60% of the mint's revenue from circulating currencies.
2015 After nearly 50 years, the Royal Mint began producing its own line of bullion bars and coins under the revived Royal Mint Refinery brand.
2014 The Royal Mint recovered 48 tonnes of silver from the SS Gairsoppa shipwreck (torpedoed in 1941) and used it to produce limited edition coins.
April 2014 The Royal Mint announced plans to develop a visitor centre in Llantrisant, with a development contract worth £7.7 million awarded to construction firm ISG and design consultant Mather & Co.
2012 The Royal Mint held a nationwide coin design competition for the Olympics, receiving over 30,000 entries and an additional 17,000 entries from children via the Blue Peter television programme. 29 sports-themed designs were selected, with the youngest designer being 9 years old.
2012 The Royal Mint successfully secured the contract to manufacture 4,700 gold, silver, and bronze medals for the London Summer Olympics and Paralympic Games. Each medal was struck 15 times with 900 tonnes of force.
2010 The Royal Mint lost its exclusive right to manufacture British military medals and now must compete with other manufacturers.

This contents of the box above is based on material from the Wikipedia article Royal Mint, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.

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