The Royal Mint is a government mint that produces bullion coins and currency for the United Kingdom. It is registered as a limited corporation named “The Royal Mint Limited”. Her Majesty’s Treasury is the sole owner of the business and has an exclusive contract to produce the entire range of coins used across the country.
The mint also makes coins that are in circulation on international and domestic markets. In addition, the mint makes different kinds of commemorative coins, medals, planchets, and precious metals. The Royal mint sells 70 percent of its bullion coins to countries around the world.
The first mint which became known as the Royal Mint was established in 886 AD. The mint was first located in the Tower of London for 800 years then moved to the present Royal Mint Coat where it continued to operate until the 1960s. Following the time that Britain reduced its currency to the same level as other countries, the mint was relocated away from London and moved to Glamorgan in Wales, where it has remained in operation to the present.
It was privatized in 2009 and the Royal Mint became a state-owned limited company entirely owned entirely by Her Majesty. The Mint has grown significantly since the moment it was privatized and built an attraction centre that is worth £9 million.
The history of the Royal Mint dates back to the 2nd century BCE when Celtic tribes across the English Channel introduced coins to Great Britain. The first coins to be produced in Britain are traced to Kentish tribes, such as Cantii. The Cantii tribe made coins by casting instead of Hammering, which was the standard method at the time.
The Romans began their invasion of Britain at the time of AD 43. They established mints across England including London. It was believed that the Roman mint made coins for over 40 years until it was shut. A mint temporarily reopened in 383 AD, but it was shut down when Roman rule waned. Coins were not produced for more than 200 years before the English Kingdom began to emerge in the year 650 AD. In the end, nearly 30 mints were constructed throughout Britain and the biggest was situated in London.
In the year 1279, all mints in Britain were united under one system headquartered at the Tower of London. The other mints across London were closed, and only a handful of mints operated by the church remained to continue operating. In 1464, the government had produced documents that defined the functions of mints.
A master-worker is a Mint official who was responsible for hiring new engravers, as well as managing the moneyers. The warden was an employee of the mint who was responsible for making sure that dyes were delivered. A specific mint board was erected and was charged with supervising the master, the warden and the comptroller of the mint.
Prior to the English Civil War, England entered into a treaty in 1630 with Spain. Spain was willing to provide England with sufficient silver to keep the Tower mint functioning. Additional mints were constructed, with the most prominent one being Aberystwyth Castle in Wales.
In 1642, parliament took over the Tower mint in 1642. The change came after Charles I tried to arrest five members of the parliament who fled London. The king decided to construct 16 mints of emergency across Britain. The mints were situated at Carlisle, Chester, Colchester, Cork, Dublin, Edinburgh, Exeter, Newark, Pontefract, Salisbury, Scarborough, Cornwall, Truro, Weymouth, Worcester, and York.
King Charles increased the standards at the royal mint in Nottingham just prior to the Civil War. King Charles recommended the mining engineer Thomas Bushell to relocate his operations to the grounds protected by Shrewsbury Castle. The mint was in operation for three months, before the King ordered that it be relocated to Oxford.
The new mint in Oxford was officially opened on the 15th December 1642, in New Inn Hall, where it is now St. Peter’s College stand. The mint made the silver bars and coins of foreign countries and made them into coins in a short time. Bushell was the master-worker of the mint and the warden. Bushell worked with famous engravers such as Nicholas Briot, Thomas Rawlins along with Nicholas Burghers.
After King Charles I was executed in 1649, The Commonwealth of England started to create its own coins. First time ever, the coins were made in English rather than Latin. The coins were also plainly styled as compared to the coins issued by the reign of King Charles. Peter Blondeau , the french engineer, was invited in 1649 to take on the responsibility to modernize the minting process at the royal mint. France was already banning the production of coins hammered and was replacing them with milled ones.
Initiatialized in 1805, The construction of the new Royal Mint at Tower Hill was approved when the Act of Union that brought England and Scotland together. This new Royal mint was constructed opposite the Tower of London and was completed in 1809. This new Royal mint was confronted by controversies regarding the quality of its products and how to handle the unrefined gold imported into England.
Therefore, in 1848, the Royal mint commission was established to address the issue. The solution was outsourcing refining to a third minery. This would remove the refinement process of the Mint. The task of overseeing the mint was assigned responsibility of overseeing it to Anthony de Rothschild, a direct descendant of the Rothschild family. His international investment banking firm NM Rothschild & Sons took control of the Mint.
Rothschild created the company under the title Royal Mint Refinery. Britain’s influence and power increased when the country established new colonies overseas. In Australia, the local authorities approved legislation to allow the establishment of an office from the Royal Mint in Sydney. In 1966, the federal government had a plan to destroy Britain’s currency. This resulted in the withdrawal and the re-mining of millions of brand new coins.
In 2012 London won the bid to host the Summer Olympics and The Royal Mint won a bid to mint medals for Olympic and Paralympic games. In the end it was the Royal Mint that struck 4,700 gold silver, bronze, and gold medals. Every medal struck fifteen times using 900 tons.
The Royal Mint in 2004 announced plans to create a visitor center for visitors in Llantrisant. The visitors’ center was a place for the public to take an informative tour of the facility and also learn about the history of the mint. To celebrate the 50th anniversary of its operation, the mint began producing Royal Mint bullion bars and coins under the name, Royal Mint Refinery in 2015.
In 2020, the mint began listing its financial product in the stock market. The Royal Mint introduced gold commodity exchange-traded funds, listed on the London stock exchange.
There are many gold and silver bullion coins made by the Royal Mint. These coins are offered in various series. For instance, the Sovereign coin is among the first coins to be issued by the mint. Sovereign bullion coins feature the famous picture of Saint George fighting the dragon. It is struck with 22K gold.
Another coin from the set is the Britannia fine gold bars and coins. They feature the classic picture of Britannia created by Philip Nathan. It is also known as the Royal Mint also produces the Lunar coins. They are made of high-quality gold and are part of the Shengxiao collection. The last coin of this series is the Queen’s Beasts that bears the Royal Coat of Arms.
The famous Britannia coin is among the most popular products of the Royal Mint. The coin has gone through changes from Roman times. Britannia has become a symbol for Britain. In the 2021 edition of the coin, Britannia is depicted as leading the way, as it always has. This new coin also comes with four security measures that increase the security of the coin.
The brand new Britannia coin was based on the design developed by Philip Nathan in 1987 and was designed by the team that created the most secure currency around the world, known as the United Kingdom £1 coin. The coin features a surface animation that depicts the flow of water behind Britannia when the coin moves. The Features of the Britannia 2021 Gold Coin
The Royal Mint has created beautiful and safe coins for over 1,000 years. This Britannia 2021 one-ounce silver bullion coin features the same appearance and security features as that of the Britannia Gold bullion Coin. The Features of 1 Oz Silver Bullion Coin.
The British Isle used banners and shields to symbolize identity for a long time. However, the country created a coat of arms design that was a representation of the spirits of the people. The Royal Arms inscribed on the silver bullion coin is the official coat of arms of the monarch in power.
The symbol is visible on all government documents as well as monuments throughout the UK as well as all over the world. Timothy Noad, a heraldic artist, redesigned Royal coats of arms, which are engraved on the coins of bullion that were released in 2009.
The coronation ceremony for Her Majesty Queen Elizabeth II occurred in 1953. A statue depicting 10 heraldic beasts was erected in front of the entrance to Westminster Abbey. The beasts were engraved on the coins which belong to Her Majesty’s Beasts Collection. These creatures are the ancient symbolism of ancestry and strength.
This coin is part of the Beast Collection and it features the White Lion of Mortimer.
In the year 2019, Royal Mint’s revenue was up to £568.5 million in comparison to last year. The operating profit also decreased to £1.3 million as compared with £2.7 million in the year 2018. The mint’s total profits dropped to £0.5 million, compared with £1.9 million in the year 2018. The decrease in operating expenses was expected and was an improvement from the budget.
The Royal Mint has distributors in more than 20 countries across the world. The mint also has an International Sales Department which is responsible for the distribution of its collection.
The key Royal Mint distributors include:
|||Wikipedia, “Royal Mint,” 4 May 2021. [Online]. Available: https://en.wikipedia.org/wiki/Royal_Mint. [Accessed 14 May 2021].|
|||The Royal Mint, “Bullion,” [Online]. Available: https://www.royalmint.com/invest/bullion/. [Accessed 14 May 2021].|
|||The Royal Mint, “Bullion Coins,” [Online]. Available: https://www.royalmint.com/invest/bullion/bullion-coins/. [Accessed 14 May 2021].|
|||The Royal Mint, “The Royal Mint Limited Annual Report 2019-20,” 2019-2020. [Online]. Available: https://www.royalmint.com/globalassets/__rebrand/_structure/about-us/annual-reports/reports/2019_20-royal-mint-limited-annual-report.pdf. [Accessed 14 May 2021].|
|||The Royal Mint, “Looking for a Royal Mint distributor in your country?,” [Online]. Available: https://www.royalmint.com/corporate/official-distributors/. [Accessed 14 May 2021].|
Trading in gold and other precious metals is risky because the market is volatile. Past performance is not indicative of future returns. This is why we encourage you to read Our Terms and Conditions carefully before making purchases, selling, or placing orders with BULLIONTRADING LLC. Refer to Safety Tips from the CFTC (Commodity Future Trading Commission). These terms and conditions apply to all orders, all purchases, and all sales made through our website, telephone, or other channels.
In the event you do not fully understand the terms of this agreement, BULLIONTRADING LLC strongly encourages you to consult with your own experts. BULLION TRADING enters into transactions with customers on the reliance and belief that clients are aware of, understand, and agree to these terms.
These terms and conditions are effective as of March 11, 2022, and are binding to all new and existing customers and users.
The prices for gold, silver, platinum and palladium coins and bars keep on fluctuating because of the risk factors that cause price volatility. The risk factors include political development, war, pandemics, demand, and supply. It is important to keep this in mind when transacting with BULLIONTRADING LLC.
BULLIONTRADING LLC. Does Not speculate on the prices of precious metals. This means that we don’t make profits by buying gold when the prices are low and selling when prices go up. BULLIONTRADING LLC generates revenue through premium spreads. This is the difference between what Bullion Trading LLC pays & sells these items for.
Orders and inquiries can be made through our website, phone, or other suitable channels. Contact Us for information.
Inquiries are made by customers who are not ready to transact immediately. Customers can contact us or go online at Bulliontradingllc.com to get current market prices. The price quote and quantity available are subject to change. They can also contact us for guidance on buying and selling bullion coins and bars. You should note that the Price Quotations you receive when inquiring are Estimates because the prices of bullion coins and bars fluctuate daily, and the number of our stock changes all the time.
For example, The U.S Mint sets premium and minimum prices for American Eagles. Prices for American Eagles are determined by the current price of gold, silver, platinum, or palladium. The mint also charges a modest premium to cater to the cost of distribution and marketing. Consequently, the price of bullion coins and bars changes daily as the markets for gold, silver, platinum, and palladium fluctuates. Refer to the United States Mint’s Charges for Authorized Dealers.
Orders are made when customers are ready to transact immediately. The prices you get when ordering bullion coins and bars from us are an accurate reflection of the current market prices. Note that once you place an order, the prices are locked and are no longer subject to market conditions.
An order is placed when you finalized negotiations with our agents and an invoice is generated, not when the payment is made. Ordering and then bailing out or canceling after an invoice is generated makes BULLIONTRADING LLC incur losses. We incur losses because when you place an order, we consider the bullion coin or bar sold and will have hedged ourselves accordingly.
Disclaimer: To protect our company from losses, BULLIONTRADING LLC has implemented a Market Loss Policy.
An order starts when you finalize the deal with our agents, not when the payment is made. We generate an invoice immediately the deal is sealed either through our website or phone. We also count the bullion coin or bar as sold and will have hedged ourselves accordingly.
Customers who place orders, have invoices generated, and then cancel thereafter make us incur losses. To protect ourselves we have implemented a market loss policy. This means that you will incur penalties for ordering, having an invoice generated, and then bailing out. Once an order is placed, prices are locked and not subject to market conditions.
The moment you place an order an invoice is generated. If you cancel, and then gold prices decline you make us incur a loss. It is your responsibility to offset this loss if your order is canceled and your funds are returned. If this happens you will pay for the loss caused by a decline in the price of gold after a sale is made plus a cancellation fee of $35.00. This is our market loss policy.
To remain transparent and protect ourselves from risk we might require credit card information from every customer even if payment will be received through a different channel. We also will ask for immediate confirmation of the amount locked in. This gives us an avenue to compensate ourselves for losses in the event a customer places an order and then fails to pay.
However, if the price of bullion coins and bars stays the same, we usually don’t enforce our market loss policy because we don’t incur losses. If the price goes down we charge a market loss fee which is equal to the amount BULLIONTRADING LLC would have lost because of the unpaid order.
Bullion Trading LLC only accepts payments in the form of bank transfers, certified checks or personal checks. The method you use to pay us is determined by the number of bullion coins and bars you are willing to buy from us as follows:
If Using A Credit Card You Are Agreeing To The Following Terms:
You agree that you have sufficient experience and knowledge to make informed decisions to purchase from and/or sell to BULLION TRADING LLC. You openly acknowledge that you are making all of your decisions in connection with purchases and/or sales. BULLION TRADING LLC is not making any decision on your behalf concerning purchases and sales.
You also openly acknowledge that you are subject to a variety of risks that are beyond the control of BULLION TRADING LLC. You openly acknowledge that BULLION TRADING LLC is not liable or responsible for the risks you incur while trading with us. Those risks include, without limitation, risks associated with the price volatility of bullion coins and bars. Market conditions or other disruptions such as technical problems may make it impossible for you to liquidate bullion coins and bars bought from us. You have the freedom to liquid the coins and bars at market prices acceptable to you.
All investments involve risk – bullion coins and bars are no exception. The value of bullion coins (e.g., American Eagles or Maple Leafs) is affected by many economic factors. The current market price of bullion coins and bars is determined by perceived scarcity and other factors. Some of these factors include quality, current demand, and general market sentiment.
The price of bullion coins and bars keeps on fluctuating and this means that they are not a suitable investment for everyone. Since all investments, including bullion coins and bars, can decline in value, you should make an informed decision. It is a good idea to have adequate cash reserves and disposable income before investing in bullion coins and bars.
You shall indemnify and absolve BULLION TRADING LLC and its affiliates, directors, officers, and shareholders collectively. You agree to compensate the indemnified parties for and against any costs, damages, expenses, liabilities, and obligations. They include without limitation to reasonable attorney fees that the Indemnified Parties may incur as a result of, or in connection with:
(a) Any breach of any representation or warranty made by you to BULLION TRADING LLC or,
(b) Failure to comply with these terms and conditions or the policies adopted by BULLION TRADING LLC.
You acknowledge that you are subject to the limitations of liability contained in these terms and conditions, the disclaimer, and other policies adopted by BULLION TRADING LLC.
If you suffer indirect, punitive, or speculative damages BULLION TRADING LLC is not liable to you. Any transaction between us and you pursuant to these terms and conditions, and any liability of BULLION TRADING LLC to you shall be limited to:
(a) The amount, if any, that you paid in such transaction or,
(b) $100 compensation. We are not, in any event, liable for any indirect, punitive, or speculative damages.
BULLION TRADING LLC privacy policies are found in the Disclaimer, Ordering Policy, and the protection of credit card information. These terms and conditions may be updated from time to time depending on the market forces and the legal landscape.
Upon any failure by you to comply with your obligations to BULLION TRADING LLC, the company shall pursue the rights and the remedies available to us. Either by law, through equity, or otherwise. It includes without limitation rights and remedies under these terms and conditions.
Breaching our rights may make BULLION TRADING LLC turn your account over to a collection agency, or a lawyer for collection. BULLION TRADING LLC will not fail in exercising any rights or pursuing any remedies in the case we suffer losses or damages.
Note: Failure by you to comply with these terms and conditions, may make BULLION TRADING LLC charge the credit card on which you have provided. This includes without limitation any and all market losses incurred by BULLION TRADING LLC, including cancellation fees, for ordering and then canceling at the last minute. You openly authorize BULLION TRADING LLC to charge your credit card for all losses caused by you violating our ordering policy.
BULLION TRADING LLC is an authorized dealer and a professional organization. We maintain a professional relationship with all our clients. We don’t enter into relationships such as agent-principal relationships, employee-employer relationships, franchisee-franchisor relationships, joint venture relationships, and partnership relationships with our clients.
You cannot forfeit these terms and conditions, your rights, or your obligations as they apply without the prior written consent from BULLION TRADING LLC. You may be granted permission to forfeit your rights or it may be withheld by BULLION TRADING LLC at its sole discretion. These terms and conditions shall be binding to all parties that trade with BULLION TRADING LLC.
If you violate these terms and conditions BULLION TRADING LLC will take action against you. It may include without limitation, turning your account over to a collection agency, or a lawyer for collection. You shall pay all of the costs and the expenses incurred by BULLION TRADING LLC, including without limitation to reasonable attorney’s fees.
BULLION TRADING LLC maintains professional relationships with clients. This is why we make sure that any grievances are resolved expeditiously. We agree that all disagreements and disputes with our clients should be resolved in accordance with the provisions below.
Because we value the relationship with our clients, we opt for arbitration or mediation as a channel for dispute resolution instead of going straight to state/federal courts. However, if arbitration or mediation fails, we may be forced to take legal action in state/federal courts in the State of New York.
These terms and conditions are governed by and interpreted in accordance with the laws of the State of New York. These terms and conditions do not take into consideration the possible violation of laws in other jurisdictions.
BOTH BULLION TRADING LLC AND YOU HEREBY WAIVE THEIR RIGHT TO TRIAL BY JURY IN CONNECTION WITH ANY DISAGREEMENT OR DISPUTE RESULTING FROM, OR IN CONNECTION WITH THESE TERMS AND CONDITIONS; OR THE TRANSACTIONS UNDER THESE TERMS AND CONDITIONS. Both BULLION TRADING LLC and you also waive any arbitration requirements to which they might be subject.
If BULLION TRADING LLC cannot perform any obligation hereunder as a result of any event that is beyond its control, the company shall be excused and shall not be liable for any damages as a result of, or in connection with, such delays, or such failures.
You shall sign and avail other documents, or take actions that assist BULLION TRADING LLC in enforcing the provisions of these terms and conditions.
Except as provided in these terms and conditions, all notices, and other communications to BULLION TRADING LLC shall be directed to it at 20 West 47th Street Lower Level #24, New York, NY 10036. All notices and other communications to you shall be sent by BULLION TRADING LLC, to the address that you provided to us at the time of your registration, or to the email address that you provided to us at the time of your registration.
BULLION TRADING LLC may record phone conversations between you and company agents or representatives. You consent to the recording of such phone conversations.
A decision or a failure by BULLION TRADING LLC to take action with respect to any non-compliance with these terms and conditions does not affect the ability of the company to enforce the terms and conditions with respect to other violations. Whether the violations are similar or dissimilar in nature.