Royal Mint

The Royal Mint is a government-owned mint that produces coins for the United Kingdom. Operating under the legal name The Royal Mint Limited, the mint is a limited company that is wholly owned by Her Majesty's Treasury and is under an exclusive contract to supply all the nation's coinage. As well as minting circulating coins for use domestically and internationally, the mint also produces planchets, commemorative coins, various types of medals and precious metal bullion.[3] The mint exports to an average of 60 countries a year, making up 70% of its total sales.[4] Formed over 1,100 years ago, the mint was historically part of a series of mints that became centralised to produce coins for the Kingdom of England, all of Great Britain and eventually most of the British Empire. The original London mint from which the Royal Mint is the successor was established in 886 AD and operated within the Tower of London for approximately 800 years before moving to what is now called Royal Mint Court where it remained until the 1960s. As Britain followed the rest of the world in decimalising its currency, the Mint moved from London to a new 38 acres (15 ha) plant in Llantrisant, Glamorgan, Wales, where it has remained since.

The Royal Mint Limited
The Royal Mint
TypeGovernment-owned company
IndustryCoin and medal production
Founded886; 1135 years ago (886)
HeadquartersLlantrisant, Rhondda Cynon Taf, Wales
Area served
United Kingdom & British Overseas Territories
Key people
Anne Jessopp
(Chief Executive)[1]
ProductsCoins
Medals
Bullion
Revenue £506 million (2017)[2]
£14.5 million (2017)[2]
Total assets £71.9 million (2017)[2]
Total equity £90.9 million (2017)[2]
OwnerHM Treasury
Number of employees
900+
Websitewww.royalmint.com

In 2009, after recommendations for the mint to be privatised, The Royal Mint ceased being an executive government agency and became a state-owned limited company wholly owned by HM Treasury. Since then, the mint has expanded its business interests by reviving its bullion trade and developing a £9-million visitor centre.