The Royal Mint

the royal mint

What is the Royal Mint?

 

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.

 

Royal Mint Coins

Royal Mint Bullion Coins and Bars

 

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.

 

Royal Mint Britannia 2021 ½ Oz Gold Bullion Coin

 

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 coins contain ½ oz of .9999 pure 24K gold.
  • The coin includes four advanced high-tech security features.
  • The latent image inscribed on the coin turns into a padlock to Britannia holding the famous trident.
  • Surface animation turns to make the wave appear in the background to life.
  • Micro text is engraved on the coin to protect and decorate it.
  • The Britannia shield in the new edition includes the Union Flag emphasized with tincture lines.

 

Royal Mint Britannia 2021 1 Ounce Silver Bullion 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 coins contain 1 troy oz of .999 pure silver.
  • The coins have a face value of £2.
  • The 2021 Royal Mint Britannia silver coin is in Brilliant Uncirculated (BU) condition.
  • Individual coins come packed in single coin protective plastic capsules.
  • Jody Clark designed Her Majesty Queen Elizabeth’s image that appears on the front of the coin.
  • Philip Nathan designed the image of Britannia inscribed on the back of the coin.

 

The Royal Arms 2021 10 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 Features of the Royal Arms 2021 10 Oz Silver Bullion Coin

 
  • The coins contain 10 troy oz of .999 pure silver.
  • Jody Clark designed the image of Her Majesty Queen Elizabeth inscribed on the obverse of the coin.
  • Timothy Noad designed the reverse of the coin.
  • The coin celebrates the British royal lineage and history.
 

The Queen’s Beast 2021 Gold 1 Oz Bullion Ten Coin Tube

 

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.

 

The Features of the Queens’ Beasts 2021 Gold 1 Oz Gold Coin

 
  • The coins contain 1 Troy Oz of  .9999 pure 24K gold.
  • The 2021 Queens’ Beasts coin is the eleventh and final in the series which comes in a single tube containing ten coins.
 

The Queens’ Beasts 2020 the White Lion of Mortimer 2 Oz Silver Bullion Coin

 

This coin is part of the Beast Collection and it features the White Lion of Mortimer.

 

Features of the White Lion of Mortimer 2 Ounce Silver Coin

 
  • The coin contains 2 Troy Oz of .9999 pure silver.
  • The coin has a face value of £5.
 

Royal Mint bullion bars and coins include:

 
  • The Valiant 2021 10 Oz silver bullion coin.
  • The double sovereign 2021 gold bullion coin.
  • The 1 Kg gold bar cast
  • The 500 gold bar cast
  • Britannia 10 gram gold bar
  • 1 gram gold bar minted
  • Una & the Lion 1 Oz gold bar
  • 1 oz gold bar
  • Britannia 5 grams gold bar
  • 400 Oz gold bar cast
  • Britannia 1 gram gold bar minted
  • James bond 1 Oz gold bar
 

Revenue and Sales Patterns

 

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.

 

Royal Mint’s Distribution Channels

 

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:

 

  • APMEX Investments
  • ASSET Marketing Services, LLC
  • International House of Stamps
  • POONGSAN HWADONG
  • International Coins (HK) Ltd
  • Taisei Coins Corporation
  • The Singapore Mint
  • LPM Group Limited
  • DOWNIES Australian Coin Auctions
 

Frequently Asked Questions(FAQs)

Yes, the Royal Mint is safe. The bullion products from Royal Mint are confidentially stored or delivered. Bullion Products from the Royal Mint are available at Bullion Trading LLC.
Yes, Bullion Trading LLC offers competitive prices for your bullion products based on precious metal spot prices.
Royal Mint coins although are very liquid and are a great choice for investment should not be thought of as a form of investment but rather a collectible. Collect Royal Mint coins from Bullion Trading LLC Today!
If the value of the precious metal rises, so will the value of the Royal Mint coins.

References and Links

[1]Wikipedia, “Royal Mint,” 4 May 2021. [Online]. Available: https://en.wikipedia.org/wiki/Royal_Mint. [Accessed 14 May 2021].
[2]The Royal Mint, “Bullion,” [Online]. Available: https://www.royalmint.com/invest/bullion/. [Accessed 14 May 2021].
[3]The Royal Mint, “Bullion Coins,” [Online]. Available: https://www.royalmint.com/invest/bullion/bullion-coins/. [Accessed 14 May 2021].
[4]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].
[5]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].
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Terms & Conditions

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.

PURCHASES, SALES, AND ORDERS

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.

The Ordering Process

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

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

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.

Market Loss Policy Explained

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.

PAYMENTS

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:

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If Using A Credit Card You Are Agreeing To The Following Terms:

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RISKS

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.

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(b) $100 compensation. We are not, in any event, liable for any indirect, punitive, or speculative damages.

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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.

DEFAULT RIGHTS AND REMEDIES

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RELATIONSHIPS

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ANNULMENT

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COSTS AND EXPENSES FOR COLLECTION

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GOVERNING LAW

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WAIVER OF JURY TRIAL: ARBITRATION

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FORCE MAJEURE

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NOTICES

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ABSENCE OF WAIVERS

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