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Royal Mint to supply Argentina with 150 million coin blanks

Coin, NewsBy SMI 08/08/2017

The UK’s Royal Mint has won a contract to supply Argentina with 150 million peso coin blanks, assisting the country in producing their new coin series. The announcement was made on social media by UK Chancellor Philip Hammond who visited Argentina earlier this month for trade talks – the first Cabinet minister to visit the country in…

Coins are here to stay says Royal Mint

Cashless Payments, Coin, NewsBy SMI 20/04/2016

The Royal Mint has issued a statement saying that coins are here to stay, in response to a report by the Co-op which has predicted the “death of cash and bankcards”. Though the Co-op identifies that nearly two thirds of all transactions made within its retail stores are paid for using cash, it has seen the use…

Royal Mint starts £1 coin production

Coin, NewsBy SMI 01/04/2016

The new 12 sided £1 coin has officially gone into production a year before it is due to be issued into circulation, with the UK’s Royal Mint producing the coins at a rate of 4,000 coins per minute and the aim of producing 1.4 billion of the new coins. The UK’s Chancellor of the Exchequer, George Osborne,…

Royal Mint reveals new pound coin design

Coin, NewsBy SMI 18/03/2015

The Royal Mint has today revealed the design of the new one pound coin, which has the same shape as the old 12-sided threepence piece (3d) last used in 1971. The reverse (“tails”) side of the coin has been designed by 15 year old David Pearce from Walsall, who took part in a competition launched…