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Royal Mint revenues soar

Credit: Yui Mok/PA Wire

The Llantrisant - based Royal Mint has notched up the highest revenues in its history after snapping up a greater share of the American silver market.

The 1,100-year-old coin manufacturer says overall company revenues lifted 39% to £360.6 million for 2015/16, as it capitalised on buoyant bullion trading.

It says overall operating profit stepped up by nearly a fifth to £13.1 million, compared to £11.4 million the year before.

It employs 900 at its South Wales site.

Significant growth in our bullion segment has without a doubt contributed largely to this success, but we have seen revenue growth of at least 17% in all three businesses - circulating coin, commemorative coin and bullion.

I am pleased to report too that we have exceeded all four of our ministerial targets for the third year in a row, operationally

– Adam Lawrence, Chief Executive

New 12-sided pound coin starts production

Credit: The Royal Mint/PA Archive/PA Images

The new 12-sided £1 coin has gone into production a year before it starts to reach people's pockets.

The coins have started rolling off the production line at a rate of more than 4,000 a minute as Chancellor George Osborne announced they will enter circulation in March 2017.

When the new coin is introduced, there will be a six-month crossover period when the current round pound coins and the new pound coins are both in circulation.

I am delighted that the Royal Mint are now producing the most secure circulating coin anywhere in the world.

With ground-breaking technology, developed in Wales, the new coin will help secure our economy and get rid of counterfeits.

In a year's time, the new coin, which will incorporate emblems from all four of our home nations, will line millions of pockets and purses around the UK

– George Osborne, Chancellor of the Exchequer

Royal Mint strikes WW1 centenary coin

In tribute to the bravery of the troops who signed up in their thousands during the First World War, the Royal Mint has produced a coin to commemorate the war's centenary.

Credit: Royal Mint

Only the second British £20 coin ever to be struck, the coin will be limited to 250,000 and will be available for collectors to purchase at face value.

Created by renowned scuptor John Bergdahl, the coin's design depicts the figure of Britannia watching over the first troops leaving for France at the start of the war in 1914.

Credit: The Royal Mint

“The centenary of the outbreak of the First World War is an occasion of such significance, it was important to us that this coin should takes its place in The Royal Mint’s programme of commemoration, remembering the bravery and sacrifice of those who answered the call to fight for King and country.”

– Shane Bissett, The Royal Mint

The outbreak of World War One will be commemorated on 4 August.

The Royal Mint announced in April it is to open its doors to the public for the first time in its 1,000 year history.

Read more: Royal Mint visitor centre: What to expect

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  1. Alexandra Lodge

Royal Mint visitor centre: What to expect

The Royal Mint is opening its doors to the public for the first time in its 1,000-year history.

Britain's oldest manufacturing organisation started in the Tower of London, but since 1968 its headquarters have been in Llantrisant.

A grant from the Welsh Government means it can now build a new visitor centre. Our reporter Alexandra Lodge has been given a sneak preview of what people can expect to see.

Royal Mint considering visitor centre 'for some time'

The Royal Mint says it has been exploring plans for a visitor centre "for some time" after receiving large numbers of visitor requests each year.

The Royal Mint is a highly secure, Ministry of Defence-protected site which is not usually open to the public, with the exception of very special occasions and by invitation only.

We receive large numbers of requests to visit from members of the public every year and have been exploring the opportunity of a visitor centre for some time.

It gives us great pleasure to announce that this can now go ahead, and that people will be able to come here and see the work of one of Britain's national treasures.

– Shane Bissett, Royal Mint

Officials today announced plans to develop a £7.7 million visitor centre at the mint in Llantrisant.

It will be the first time in its 1,000-year history that the doors will be officially opened to the public.

Royal Mint to open doors to public for first time

Nickel-plated steel blanks come off the production line ready to be pressed in 10p pieces Credit: PA

The Royal Mint has unveiled plans to throw open its doors to the public for the first time in its 1,000 year history.

Officials today announced they are planning to develop a £7.7 million visitor centre at the mint in Llantrisant, South Wales.

Visitors will be allowed to look behind the scenes and see for themselves the people and processes responsible for the coins we use every day.

They will also have the opportunity to strike their own coin as a memento of their visit.

The project has been made possible after the Royal Mint secured a grant of £2.3million from the Welsh Government.

Construction of the visitor centre will begin this spring, subject to planning permission.

From cargo to coin: shipwrecked silver struck at Royal Mint

The Royal Mint in Llantrisant is striking a limited number of coins from the cargo of a British merchant ship - more than 70 years after it was originally meant to be delivered.

The SS Gairsoppa was carrying silver bullion bars over from India when it was torpedoed by a German U-boat in 1941. The ship and its cargo were eventually found 300 miles off the Irish coast in 2011. Dean Thomas reports.

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