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The Royal Mint is one of the oldest coin producers in the world, and has existed in some form stretching back to the ninth century. By the 1270s a formal location in the Tower of London had been established and the organisation continued to be formalised for the next few centuries. Smaller mints were closed, and production centralised around London, though other mints did operate across the country.
As the industrial revolution of the 18th and 19th centuries drove growth and technological refinement, and the British Empire continued to expand, the facility at the Tower was deemed too small to meet new requirements. A new location nearby at Royal Mint Court, Tower Hill was opened in 1809 to improve the production capabilities of the mint. Additional satellite mints were opened in countries across the colonies to further meet the huge demand the British Empire now had for coinage. Some of these mints, such as Australia’s Perth Mint, still operate to this day.
As Britain prepared to decimalise its currency, and as the Royal Mint expanded to produce coins for international customers, the need for another new facility became apparent.
Eschewing the tradition of being based in the capital city of London, the new – and current site – was opened in Llantrisant, Wales. With the freedom of bigger space, and the benefit of modern machinery the Royal Mint grew to one of the world’s most renowned bullion refiners. With a legacy stretching back a millennium the Royal Mint now supplies bullion products for around 100 international issuing authorities, while producing all legal tender for the UK.
The Royal Mint operates as a government owned company, meeting agreed financial targets and providing a return to the UK government.
The Royal Mint produces high quality, LBMA approved gold and silver bullion, at a fineness of 916.7 (22ct) or higher. Bullion coins produced by the Royal Mint are recognised across the globe and can easily be traded on both their metal content and reputation.