Royal Mint

This article is about the official coin and bullion producer in the UK. For other uses, see Royal Mint (disambiguation).

The Royal Mint Limited
The Royal Mint
Company typeState-owned limited company
IndustryCoin and medal production
Foundedc. 886 (origins)[1]
1279 (unified system)[2]
16 July 2009 (current legal structure)[3]
HeadquartersLlantrisant, Rhondda Cynon Taf, Wales
Area served
United Kingdom & British Overseas Territories
Key people
Anne Jessopp
(Chief Executive)[4]
ProductsCoins
Medals
Bullion
RevenueIncrease £1,403.5 million (2022)[5]
Increase £18 million (2022)[5]
Total assetsIncrease £72.4 million (2022)[5]
Total equityIncrease £72.4 million (2022)[5]
OwnerHM Treasury
Number of employees
900+
Websitewww.royalmint.com

The Royal Mint is the United Kingdom's official maker of British coins. It is currently located in Llantrisant, Wales, where it moved in 1968.[6]

Operating under the legal name The Royal Mint Limited, it is a limited company that is wholly owned by His Majesty's Treasury and is under an exclusive contract to supply the nation's coinage. As well as minting circulating coins for the UK and international markets, The Royal Mint is a leading provider of precious metal products.

The Royal Mint was historically part of a series of mints that became centralised to produce coins for the Kingdom of England, all of Great Britain, the United Kingdom, and nations across the Commonwealth.

The Royal Mint operated within the Tower of London for several hundred 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-acre (15 ha) plant in Llantrisant, Glamorgan, Wales, where it has remained since.

Since 2018 The Royal Mint has been evolving its business to help offset declining cash use. It has expanded into precious metals investment, historic coins, and luxury collectibles, which saw it deliver an operating profit of £12.7 million in 2020–2021.[7]

In 2022 The Royal Mint announced it was building a new plant in South Wales to recover precious metals from electronic waste.[8] The first of this sustainably sourced gold is already being used in a new jewellery division – 886 by The Royal Mint – named in celebration of its symbolic founding date.[9]

  1. ^ Davidson, Annabel (27 May 2022). "The Royal Mint Accessorizes With Jewelry". The New York Times. ISSN 0362-4331. Retrieved 14 April 2023.
  2. ^ Cite error: The named reference RA was invoked but never defined (see the help page).
  3. ^ "Overview of THE ROYAL MINT LIMITED". Companies House.
  4. ^ "Chief Executive". The Royal Mint. Archived from the original on 26 January 2019. Retrieved 4 January 2018.
  5. ^ a b c d "The Royal Mint Limited Consolidated Annual Report 2021–22" (PDF). Royal Mint. Retrieved 9 July 2023.
  6. ^ "About Us | The Royal Mint". www.royalmint.com. Retrieved 29 July 2023.
  7. ^ https://www.royalmint.com/globalassets/__rebrand/_structure/about-us/annual-reports/reports/2020_21-royal_mint_limited_annual_report-p1-web.pdf [bare URL PDF]
  8. ^ "The Royal Mint to build 'world first' plant to turn UK's electronic waste into gold | the Royal Mint".
  9. ^ "The Royal Mint launch '886', a jewellery division using gold recovered from electronic waste | the Royal Mint".