Royal Mint is Britain's oldest company and the official maker of UK coins.
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Royal Mint is Britain's oldest company and the official maker of UK coins.
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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.
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Royal Mint operated within the Tower of London for several hundred years before moving to what is called Royal Mint Court, where it remained until the 1960s.
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Since 2018 The Royal Mint has been evolving its business to help offset declining cash use.
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In 2022 The Royal Mint announced that it was building a new plant in South Wales to recover precious metals from electronic waste.
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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.
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The Royal Mint, not wanting to divert manpower from minting more profitable gold and silver coins, hired outside agent Lord Harington who, under license, started issuing copper farthings in 1613.
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In 1672, the Royal Mint finally took over the production of copper coinage.
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Royal Mint initially produced milled silver pattern pieces of half-crowns, shillings and sixpences; however rival moneyers continued using the old hammering method.
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Royal Mint's role, intended to be a sinecure, was taken seriously by Newton, who went about trying to combat the country's growing problems with counterfeiting.
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Royal Mint was appointed as a temporary clerk on 12 November 1856, with a £120 a year salary.
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In 1859, the Royal Mint rejected a batch of gold found to be too brittle for the minting of gold sovereigns.
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The Master of the Royal Mint had been responsible for overseeing the practice since the position's inception in the 1300s.
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In 2007, the Royal Mint decided to resume its focus on coins, downsizing non-coin related business and discontinuing its Classics range.
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In 2012 The Royal Mint had a network of hundreds of UK sellers of their products.
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The Royal Mint received over 30,000 entries, with a further 17,000 from a children's competition on Blue Peter.
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The Royal Mint regularly produces commemorative coins for the collector's market, with a range of varying quality and made of different precious metals.
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Historically, the mint refined its own metal; but following the advice of an 1848 Royal Commission, the process was separated, with the independent Royal Mint Refinery being purchased and operated by Anthony de Rothschild in 1852.
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