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Hungarian Mint Ltd. has won five times People’s Choice Award – We did ask why

In 2008 Krause Publications invented the People's Choice Award, which is handed to the favorite coin of Internet voters during the Coin of the Year Award ceremony. Since then the Hungarian mint has won each of these awards. more ]

New coins for the Solomon Islands

The Central Bank of Solomon Islands (CBSI) announced that the Solomon Islands will replace its current set of circulation coins with attractive new coins in July 2012. more ]

India Grapples with Small Change Dilemma

Projecting future demand for coins and bank notes should be part of the logistical economic considerations planned by any government. Unfortunately for India the demand for “small change” in both mediums continues to outstrip the supply. Richard Giedroyc is composing a picture of the situation for us. more ]

Could Palestine issue its own currency?

Following the Palestinian Authority’s September 14 2011 announcement that a post office accompanied by distinctively Palestinian stamps was being established the question regarding if a Palestinian currency system perhaps using both coins and bank notes might also be around the corner. more ]

Hungary’s Central Bank Burns Its Cash

Hungary’s Central Bank converts withdrawn banknotes into briquettes for fuelling that are given to charity organisations. Each year approximately a quarter of the banknotes in circulation make 40 to 50 tons of briquettes that save lives during the cold snap. more ]

Definitions – Work in Progress: Blank

We are working on an encyclopedia of technical terms used by the coin producing industry. Help us by doing so! Today’s definition is dedicated to the term „blank“. more ]

Russia’s 1- and 5-kopek coins to be phased out

Due to the high production cost the Bank of Russia practices the “soft elimination” of 1- and 5-kopek coins allowing the coins to circulate until they wear out. Simultaneously the Russian government is experimenting with a card, which is thought to replace change in the future. more ]

New issue of MintWorld Compendium focuses on “Coin collectors”

At the Mint Directors Conference in Vienna the new issue of MintWorld Compendium will be distributed for free. It focuses on “Coin Collectors”. From May 1, 2012 it will be also available online for browsing and downloading. more ]

Movie Review “Who’s Minding the Mint?”

A 1967 screwball comedy features an employee of the Bureau of Engraving and Printing (by the way, the mint does not matter at all) and his vicissitudes while trying to reprint banknotes previously destroyed by accident. The film has been released again as DVD. more ]

The new MintWorld Compendium is online

The latest issue of the new MintWorld Compendium is online. This magazine is dedicated to the future of money museums run by mints and central banks. more ]

Has Gold become the smugglers’ first choice?

In the last year you could read quite regularly about large amounts of gold bars being found on airplanes on various routes. At least when speaking of cases in India the raised duty on imports seem to be a reason for the increased smuggling of gold to the subcontinent. more ]

2013 – A year of contrasts and contradictions

The currency industry has continued to thrive this year – despite competition from alternative payment systems and the pressure to cut costs. In this article, Currency News looks back at some of the key trends in 2013 – including developments in polymer, banknote durability, cash handling and at tough conditions in the coin industry. more ]

Definitions – Work in Progress: Blank

We are working on an encyclopedia of technical terms used by the coin producing industry. Help us by doing so! Today’s definition is dedicated to the term „blank“. more ]

Definitions – Work in Progress: Hardness Testing

We are working on an encyclopedia of technical terms used by the coin producing industry. Help us by doing so! Today’s definition is dedicated to the term „hardness testing“. more ]

Definitions – Work in Progress: Galvanization

We are working on an encyclopedia of technical terms used by the coin producing industry. Help us by doing so! Today’s definition is dedicated to the term “galvanization”. more ]

Definitions – Work in Progress: Edge inscription

We are working on an encyclopedia of technical terms used by the coin producing industry. Help us by doing so! Today’s definition is dedicated to the term "edge inscription". more ]

Definitions – Work in Progress: Electric Conductivity

We are working on an encyclopedia of technical terms used by the coin producing industry. Help us by doing so! Today’s definition is dedicated to the term “electric conductivity”. more ]

Definitions – Work in Progress: Passivation

We are working on an encyclopedia of technical terms used by the coin producing industry. Help us by doing so! Today’s definition is dedicated to the term "passivation". more ]

Definitions – Work in Progress: Plaster Model

We are working on an encyclopaedia of technical terms used by the coin producing industry. Help us by doing so! Today’s definition is dedicated to the term “Plaster Model”. more ]

Stempelglanz – eine Frage der Definition?

I know you expect us to write in English – but this is an article on a very special German term, which has a fixed meaning for the description of coins in auction catalogues. I will take up the cudgels for not using this term for certain minting processes if you are informing collectors and if you do not intend to confuse them. more ]

Definitions – Work in Progress: Bicolour coin

We are working on an encyclopedia of technical terms used by the coin producing industry. Help us by doing so! Today’s definition is dedicated to the term “bicolour coin.” more ]

Definitions – Work in Progress: Numismatics and Numismatist

We are working on an encyclopedia of technical terms used by the coin producing industry. Help us by doing so! Today’s definition is dedicated to the term ‘numismatics and numismatist’. more ]

Amera provides coin producing industry with Coin Glossary

At www.coin-glossary.info readers can find many definitions and translations of the most relevant terms from the minting industry. Amera has created this glossary in cooperation with experts from all over the world. more ]

Hungarian Mint Ltd. has won five times People’s Choice Award – We did ask why

In 2008 Krause Publications invented the People's Choice Award, which is handed to the favorite coin of Internet voters during the Coin of the Year Award ceremony. Since then the Hungarian mint has won each of these awards. more ]

Wikipedia – how it works and how mints can become involved

Marcus Cyron, who is very much involved in German Wikipedia has compiled some advice on how mints can become involved in Wikipedia. more ]

Mint news we are dreaming of …

Press releases are proceeded in different ways according to how they are published. Thus maybe one press release can never satisfy all journalists. Read here what I think that I need, and how I dream the material I receive every day should be in order to represent the mints and companies in a way as they may wish, too. more ]

Survey on IT based exchange and collaboration

The independent firm PixelPromenade is conducting an online survey in order to evaluate the needs of the minting industry for daily IT based bussiness networking. We invite you to participate. We are sure that we all will improve our services thanks to the results. more ]

Marketing of Coins meant for Circulation

Richard Giedroyc describes the reasons he thinks to be responsible for the lack of awareness of certain coin nominations like the dollar and the half dollar coin in the US. A lack of marketing is leading to missing knowledge about new denominations. more ]

The Canadian Penny – a nation’s property or the Queen’s?

How is your mint handling the copyright on circulation coinage? The Royal Canadian Mint was faced with public displeasure, when they charged a singer using a coin image on his CD cover with a fee. This was completely according to the mint’s copyright regulations. Nevertheless in the end another solution had to be found. more ]

Rethinking Mint Gold Products

Richard Giedroyc takes up the cudgels for a new mint policy on precious gold objects. Why should a mint leave the market for precious gold jewelry and watches to private companies? Couldn’t this be a new market segment for well known mints being famous for their solidity? more ]

Britain’s New Baby Coin could be a Marketing Triumph

Richard Giedroyc analyses how The Royal Mint uses modern marketing strategies for its latest issue: a coin marking the (still expected) birth of the royal baby. more ]

ON THE RECORD: The Royal Mint - Overcoming Market Challenges

The Royal Mint is one of the most renowned mints with a long history. Currency News spoke with its CEO Adam Lawrence what challenges the mint has to face and how it deals with them. We republish this interview here. more ]

The George Effect

... that’s the name Richard Giedroyc is giving to a new way of designing commemorative coins according to public interest and marketing them via new media. Here you will find more about it. more ]

Corporate Museums. How to use history as a Tool for Branding

Corporate Museums are trendy, just think of the FC Bayern Erlebniswelt, the Museum mobile of Audi or the Vitra Design Museum – to name just a few. Those museums do not have any educational mandate. It is their only purpose to tie a potential buyer to a brand. But is there anything Central Banks and Mints may learn from this new phenomenon. more ]

AGM Elections bring strategic changes to the European Vending Association

The EVA 2013 AGM and Workshop titled, “Shaping the EVA’s goals for the next 3 years” was held on November 28 in Brussels. The company now has a new President, Director General and Executive Committee (EC). more ]

Shining the Future – Papers of MDC Mexico: Marketing

From May 11 to 14, 2014, the Mints were meeting in Mexico. Here you find a short abstract of the papers given. Part II deals with the papers prepared by the Marketing Committee. more ]

Circulating coins: cost efficiency and collaboration with the general public

Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics revolved around circulating coins. This time, we report on projects of central banks aiming at involving the general public in their activities to work in a more cost-efficient way. more ]

A Quasi Unregulated Market?

In this article, Daniel Sheffer wonders whether there is need for legal regulations in order to guarantee a fair competition between state-owned monopoly holders and private enterprises. more ]

Russia’s 1- and 5-kopek coins to be phased out

Due to the high production cost the Bank of Russia practices the “soft elimination” of 1- and 5-kopek coins allowing the coins to circulate until they wear out. Simultaneously the Russian government is experimenting with a card, which is thought to replace change in the future. more ]

Cash money on its way to extinction?

A world without graft, bank robberies and theft? Wouldn’t it be great? But at the condition that it would be a world without cash money …? How the use of cash money might change in high tech societies in a digital world we can learn looking at Sweden. And it might be worth observation. more ]

Norway searching for an efficient payment system

According to the Norges Bank 2011 Annual Report on Payment Systems Norway and Iceland lead the world in payment card usage. To reduce payment costs the banks are developing services to increase the speed of payment transfers and contactless payments. more ]

Future of cash conference

From Tuesday 25 to Wednesday September, 26 2012 an international conference on the future of cash will take place in Paris. The event will be accompanied by an exhibition. more ]

End of cash?

The mobile-payments revolution has arrived yet. Will this be the end of cash as Miguel Helft thinks? He has published a very detailed article on CNN Money. more ]

Cashless payment becoming increasingly popular in UK

Cashless is becoming continuously more popular in the UK. People carry little money on them, would prefer to pay smaller sums with credit cards, and some even do not withdraw any money at all as a study by a British bank has recently revealed. more ]

Will the vending machine industry decide on the future of coins?

How long will coins be used any longer? Dave Harper doubts whether coins will continue to exist for much longer, at least in the USA. The decisive factor might become the vending machine industry. more ]

Superstorm Sandy Demonstrates Need for Traditional Cash

After superstorm Sandy in the USA cash could not be obtained from banks, electronic payment and transfer systems including debit and credit cards could not function. Thus, are coins and bank notes really becoming obsolete? more ]

Germans Prefer Cash

According to a new study conducted by the Deutsche Bundesbank, Germany’s National Bank, cash is the first payment choice in Germany. However, the Girocard is gaining ground and e-commerce, although negligible today, will become much more accepted in future. more ]

Virtual currency Bitcoin approved by European institutions

Bitcoin is a decentralised virtual currency that can be applied to instant internet payments like for example PayPal. Now it has been approved as a registered payment service provider (PSP) under European Law. more ]

Counterfeit-immune money may be possible – one day

Recently researchers are making progress on how ‘quantum money’ – based on quantum mechanic – could be created. The first reason above all why applying quantum mechanics with money would be the fact that quantum money could not be counterfeited. more ]

Cash is King on Cyprus

Economic crisis clarify, which part of our currency is the base of daily life. There have been huge problems in Cyprus simply due to the fact that the coin supply did not work any more. more ]

“Cash Is Dead – Long Live Cash” Says Fed

The Federal Reserve Bank of San Francisco is home to the Cash Product Office. As part of its remit to understand and predict cash demand, its President and CEO, John C Williams, recently published an essay entitled ‘Cash Is Dead! Long Live Cash!’. more ]

Is Bitcoin becoming too successful?

Bitcoin, recently, has caused quite a stir in the media. The virtual currency that was worth over $200 per unit – for a couple of hours before going down again; Trojan horses infecting computers; and now it seems that authorities have a down on Bitcoin, too. more ]

Bitcoin and more – an overview of virtual currencies

The Wall Street Journal has published an article putting together the various virtual currencies – like bitcoin – ‘in circulation’ online and in the non-virtual world. more ]

Tomorrow’s Transactions Forum – Cashless Side by Side with Cash

In April London hosted an event focusing on digital money and electronic payments. Tomorrow’s Transactions is organised by Consult Hyperion, a London based IT consultancy specialising in secure electronic transactions and this year was the 16th event. more ]

Kenyan pickpockets fight against cashless society vision

Reality or satire? Kenyan pickpockets held a press conference protesting a cashless society. They urge government to help them exercising their work, train them in skimming ATM cards and ban foreigners from the ‘market’. more ]

No good signal for unity in the EMU

This was a reader’s letter published in the German newspaper ‘Oberhessische Presse’ in Marburg on June 3, 2013. It referred to an article discussing the possible elimination of the 1 and 2 cent coins. more ]

Dutch National Bank Investigates Psychology Behind Payment Method Choices

The Dutch Central Bank recently conducted research into the psychological aspects behind choosing one payment method over another. Its motivation for the research was to understand why the migration from cash to electronic payments has not proceeded as quickly as expected in the Netherlands. more ]

ON THE RECORD: The Royal Mint - Overcoming Market Challenges

The Royal Mint is one of the most renowned mints with a long history. Currency News spoke with its CEO Adam Lawrence what challenges the mint has to face and how it deals with them. We republish this interview here. more ]

Ireland Pilots Move to Eliminate Small Coins

Ireland may soon be joining Finland and the Netherlands in dispensing with 1 and 2 euro cent coins, if a current two month ‘rounding’ trial involving more than 240 businesses in the Irish town of Wexford proves a success. more ]

The future of cash

Predictions of the future are nothing but descriptions of the present. So what are the current developments in payments? Maybe they will give us some clue about future trends. An essay by Ursula Kampmann. more ]

Will India introduce plastic coins as cost saving measure?

An Indian engineer proposes to save billions of Rupees by substituting coins made by metal with coins made of plastic. He believes the coins would have other advantages too and the Ministry of Finance is currently considering his plans. more ]

Circulating coins: cost efficiency and collaboration with the general public

Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics revolved around circulating coins. This time, we report on projects of central banks aiming at involving the general public in their activities to work in a more cost-efficient way. more ]

Circulating coins: security features and social responsibility

Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics revolved around circulating coins. This time, we report on considerations on new security features and the social responsibility of companies. more ]

Circulating coins: cash logistics

Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics revolved around circulating coins. This time, we report on strategies for an ideal cash logistics as described by different central banks. more ]

News on circulating coins: The Coin Conference in Madrid

From October 21 to 23, 2015, the Coin Conference took place in Madrid. It was attended by 200 delegates, representing more than 30 nations, who wanted to acquaint themselves with the latest trends in circulating coins. In seven sessions, 28 speakers talked about their experiences. more ]

Circulating coins: trends and new coin series

Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics around circulating coins were discussed. This time, we report on trends and present insights from new coin series from Sweden and Mexico. more ]

nanoPay Acquires MintChipTM from the Royal Canadian Mint

The Royal Canadian Mint has sold MintChipTM, a digital currency product developed by the Mint, to nanoPay, a fully-integrated loyalty and payments platform provider, the first digital cash platform to kick start the evolution of currency™. more ]

The MDC in Bangkok: News from the world of mints. Part 1 The plenary sessions

From May 1 to 4, 2016, the Mint Directors Conference took place in Bangkok. It was attended by nearly 360 delegates for whom 35 presentations were held. Here you find the first part of a short abstract of the papers given. more ]

Gold, a new digital currency?

Investors usually buy physical gold or shares that reflect the gold price. The British Royal Mint offers the first digital blockchain-based platform for trading gold. Intended as an investment option, RMG® could also become a digital currency. more ]

Banknotes dirtier than a toilet seat - or why you should better trust in impartial information

Banknotes ‘dirtier than a toilet seat’ - a London scientist surprised the media with that shocking news. He had previously analysed 200 banknotes and 45 credit cards. The study was commissioned and financed by a film team promoting their film ‘Contagion’. more ]

Do nickel releasing coins threaten public health?

Recently Scandinavian and British specialists have suggested in a paper that contrary to the public opinion coins containing and releasing large quantities of nickel may actually cause nickel allergies and hand eczemas. more ]

Research on how we spend money

Researchers found out that we spend banknotes easier if they are used than new ones. The money is not only a way of performing monetary transactions but also a ‘vehicle of social utility.’ more ]

40 percent of circulating coins release nickel

New studies revealed that nearly 40 percent of the circulating coins in the world release nickel. But there are only three countries so far with nickel-free currencies. The UK has only recently issued new nickel-plated coins which have been shown to release even more nickel than the older ones. more ]

Zambia to re-introduce coins into circulation

Zambia has the highest denominations in the region. Due to the high inflation coins do not circulate any longer. But now the government is planning to “rebase” the currency by lopping off three zeros and to re-introduce coins. more ]

Third series of Malaysian coins introduced

Malaysia has issued a new coin series themed “Distinctively Malaysia”. The coins are considered to be more durable and resistant to counterfeiting. In addition they reduce the production costs by 49 per cent. more ]

Solomon Islands’ New Coins Revealed

The Central Bank of Solomon Islands (CBSI) had announced that the Solomon Islands will replace their circulation coins. Now the new coins have been revealed. more ]

New Malaysian coins cause confusion

Starting this year the Malaysian Central Bank has issued a new coin series called ‘Distinctively Malaysia’. These coins, however, cause confusion among the public and bank staff: the yellow colour is fading away and they cannot be easily distinguished by shape or size – thinks at least the MP for Kota Kinabalu. more ]

Colombia’s New Coin Series

CurrencyNews has informed us that the Banco de la República de Colombia has issued a new and extended family of coins. The 1,000 Peso has returned after ten years replacing the 1,000 Peso banknote. The new coins are lighter, smaller and have a range of new security features. more ]

Nigeria’s naira reform halted

Nigeria was to introduce new coins and a banknote of higher denomination. But after protests Nigeria’s president Goodluck Jonathan ordered the naira reform to be stopped until the Central Bank of Nigeria has communicated better its policy. more ]

New coin set for Sweden

In September the National Bank of Sweden announced that newly designed coins will be introduced in 2016 comprising again a 2-krona coin. Swedish sculptor Ernst Nordin won the design competition with his design ‘sun, wind, and water.’ more ]

Designs selected for coins should not be taken lightly

Mints put a lot of time and effort into what designs appear on coins. Design selection, however, should never be taken for granted by either a mint or the government telling the mint what to depict on coinage as is proved by the current situation in Fiji. more ]

Fiji’s new design banknotes and coins officially unveiled

Fiji’s new flora and fauna design banknotes and coins were officially unveiled by the President of Fiji on December 12, 2012. The President also unveiled a new $2 coin to replace the $2 note and Fiji’s first polymer or plastic banknote. more ]

US Mint Coin Study Illustrates Need for Planning

The United States has considered eliminating its 1-cent coin for years. There are politics involved, but putting politics aside a recent study illustrates just how important diligence is when any change to coinage is being considered. Richard Giedroyc explains the background. more ]

India to replace 10-rupee note with coin

India plans to shift to a 10-rupee coin phasing out the banknote due to economical reasons. However the banks are not willing to support this plan since they think people prefer carrying banknotes and would refuse the new coin. more ]

Shortages, Lack of Education slow Zambia Coin Introduction

It should not be taken for granted that citizens understand a new monetary system after a currency devaluation. Richard Giedroyc reports experiences from Zambia. more ]

Discoloration a Problem for New Fiji Coins?

Fiji replaced its $2 bank note with a circulating coin of the same denomination. It now appears this coin may be causing some concern. more ]

India to increase mint capacities

The Reserve Bank of India is pushing since a long time to phase out banknotes in favour of coins due to economic reasons. However, it has become clear that the mint capacities cannot keep up with the requirements to introduce coins in place of the Rp 10 notes. more ]

Andorra has chosen designs for new euro circulation coins

The Principality of Andorra plans to issue circulation euro coins from January 1, 2014. After a competition the chosen designs are to be approved by the European Commision. The coins will be minted at the Spanish and French Mints. more ]

Heads or Tails in Kenya

Kenya’s coinage is depicting former presidents of this country despite currency Article 231 (4), which forbids to show any individual’s portrait. Richard Giedroyc reports that Kenya is planning to design new coins and banknotes. more ]

Bulgaria to replace banknote with coin?

Bulgaria is discussing the replacement of the 2 Leva banknote by a coin. more ]

Major Savings as El Salvador Replaces $1 Note with Coin

Despite some initial difficulties, El Salvador replaced the $1 note with the $1 coin in 2011, which reduced costs by more than half. This article discovers why the changeover succeeded and why the same procedure is not applicable to the US or other countries’ monetary systems. more ]

Japan to produce new 1 yen coins for first time in four years

According to a statement of Japan’s Ministry of Finance new 1 yen coins will be produced through March 2014 for the first time in four years. The reason is a consumption tax hike scheduled for April. more ]

Will India introduce plastic coins as cost saving measure?

An Indian engineer proposes to save billions of Rupees by substituting coins made by metal with coins made of plastic. He believes the coins would have other advantages too and the Ministry of Finance is currently considering his plans. more ]

Prototype of new GBP 1 circulation coin for Britain

Starting in 2017, new GBP 1 circulation coins with improved security features using iSIS technology will be introduced in Great Britain in order to reduce counterfeiting. The precise specifications of the new coin will be decided this summer. more ]

Botswana launches new circulation coins produced by Royal Canadian Mint

The Bank of Botswana converts its entire coinage system to the Canadian Mint’s multi-ply plated steel technology The coins were officially declared legal tender by the President at a special ceremony to celebrate the nation’s new coin series on February 27, 2014. more ]

Circulating coins: security features and social responsibility

Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics revolved around circulating coins. This time, we report on considerations on new security features and the social responsibility of companies. more ]

Circulating coins: cash logistics

Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics revolved around circulating coins. This time, we report on strategies for an ideal cash logistics as described by different central banks. more ]

News on circulating coins: The Coin Conference in Madrid

From October 21 to 23, 2015, the Coin Conference took place in Madrid. It was attended by 200 delegates, representing more than 30 nations, who wanted to acquaint themselves with the latest trends in circulating coins. In seven sessions, 28 speakers talked about their experiences. more ]

Circulating coins: trends and new coin series

Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics around circulating coins were discussed. This time, we report on trends and present insights from new coin series from Sweden and Mexico. more ]

US Mint Conducts 2D Barcode Trials

The United States Mint is scheduled to conclude its data collection software and two-dimensional barcode trial. If the test results are positive, the Mint could benefit from an enhanced workflow in their die shops. more ]

Mint of Finland has won a tendering process in Bolivia

Mint of Finland will start manufacturing circulation coins for the Central Bank of Bolivia from 2017 on. A two year agreement states the amount and denomination of circulation coins to be produced. more ]

How Great Britain has been prepared for the new 1 Pound-Coin

Great Britain has introduced the new £1 coin in March 2017. This brings a lot of changes. The Mint News Quarterly has published an interview about the enormous task of preparing all businesses to get ready for the conversion, which we republish here. more ]

Russia’s 1- and 5-kopek coins to be phased out

Due to the high production cost the Bank of Russia practices the “soft elimination” of 1- and 5-kopek coins allowing the coins to circulate until they wear out. Simultaneously the Russian government is experimenting with a card, which is thought to replace change in the future. more ]

End of the Canadian Penny

Since 1858 Canada had minted an one cent coin – until May 4, 2012 when the last penny left the Royal Canadian Mint in Winnipeg on its way to the museum. Due to elevated production costs and convenience reasons the coin has been abandoned definitely. more ]

What about Thailand’s two-baht?

Thailand’s two-baht coin has seen many changes in its life and it was never much loved by the people since it is easily mistaken for a lower denomination. Now it seems the two-baht may find, once again, an end. more ]

Legal Tender in the UK

General public might think that coins and banknotes are legal tender – without a limit. But more and more countries define up to which amount coins and banknotes have to be accepted. You are fined for example, when you pay an Italian bill exceeding 1,000 euro cash. And here are the rules in Great Britain. more ]

The Canadian Penny – a nation’s property or the Queen’s?

How is your mint handling the copyright on circulation coinage? The Royal Canadian Mint was faced with public displeasure, when they charged a singer using a coin image on his CD cover with a fee. This was completely according to the mint’s copyright regulations. Nevertheless in the end another solution had to be found. more ]

US Mint Coin Study Illustrates Need for Planning

The United States has considered eliminating its 1-cent coin for years. There are politics involved, but putting politics aside a recent study illustrates just how important diligence is when any change to coinage is being considered. Richard Giedroyc explains the background. more ]

Canada’s Cent Elimination Includes Hidden Costs

On the surface Canada’s cost saving measure through which the 1-cent coin is being eliminated appears to make sense. However, this matter is much more complex than it may seem at first sight as Richard Giedroyc explains. more ]

EU Regulation No 1210/2010 and its implications

On September 7, 2010 the EU Regulation No 1210/2010 concerning authentication of euro coins and handling of euro coins unfit for circulation has been issued. It describes the new responsibilities the EU member states must face. more ]

Canada’s penny to be phased out

On February 4, 2013 the Royal Canadian Mint has stopped shipping out pennies and the 35 billion pennies in circulation will be collected and melted down. more ]

Poland to eliminate smallest denomination

The National Bank of Poland is planning to abolish the 1 and 2 grosz coins, the smallest denominations equalling around the third of a US penny and its double respectively. Due to the inflation in the last decades the production has become highly unprofitable. more ]

Two more Countries weigh dropping low value coins

How to handle the problem of coins whose metal value is three times as high as their face value. Richard Giedroyc describes the Russian and the Polish solution. more ]

Poland keeps small coins

Recently we reported that the National Bank of Poland planned to eliminate the smallest coins with the face value of 1 and 2 grosz due to the high production costs. After strong retailers’ resistance, though, the Ministry of Finance decided to not scrap the small coins. more ]

Coins and inflation

Is there only one solution to face inflation: To drop the minor denominations and introduce coins of higher face value? Richard Giedroyc suggests to think a little bit outside the box. more ]

Could US bill prohibit bullion coins?

A new bill is intended to prevent the loss business of producing circulation coins whose production cost exceed their face value by far. However, incidentally, this bill could prevent the profit-making issue of bullion coins as well. more ]

Inflation accelerates demonetisation in India

As inflation is continually raising India’s Reserve Bank has announced that the remaining coins with face value less than 1 Rupee will no longer be in use. According to the media India’s Government admits with that move the galloping inflation in the country. more ]

$44,000 scrap coins led to arrest

A Chinese couple was arrested in Denmark when exchanging a large amount of scrap coins for their face value. Authorities suspected the coins to be counterfeited. Apparently they were only part of an official scrap metal consignment. more ]

Chinese gang sells ten tons of cleaned scrap coins

A Chinese antique dealer sold tons of cleaned scrap coins back to their countries of origin. He was sentenced to jail. But this kind of business will keep going on as it is highly paying. more ]

Sweden will see 4.3 billion invalid in 4 months’ time

During summer 2016 Sweden is shifting from its old coins and banknotes to new issues. Therefore around SEK 4.3 billion will become invalid. The national bank reminds people to change their money in time in order to secure a smooth transition. more ]

Counterfeit euros in steady decrease

The EU Commission reports that in 2011 the number of counterfeit coins has decreased by 15% down to 157,000 coins. The 2-euro denomination remains by far the most counterfeited euro coin. But there is only 1 counterfeit for every 100,000 genuine coins. more ]

The coin’s DNA

The Royal Canadian Mint employs a technology in producing circulation coins which might change security policy against forgery and, particularly against thefts regarding coins of all epochs. Hence, the creation of a central archive of all stolen coins easily accessible from all over the world would be in reach...
more ]

Coin counterfeiting factory in London detected

Recently the increasing number of counterfeit £1 coins in the UK received media interest. Now police crushed a whole workshop in a London office block – and even £2 coins were produced there. Until then these coins had been considered to be more difficult to fake. more ]

Sweden’s odd coins

Lately some excellent counterfeit 1-krona coins were found in Sweden. They clearly insult the king alluding to his alleged escapades. It will stay unknown who made them because police is not investigating. more ]

English counterfeiter gang jailed

In May 2012 police found in Essex (UK) 1.6 million discs destined to become fake one-pound coins and coins already produced equivalent to £50,000. Three men were arrested and now jailed for two, five and seven years of prison. more ]

European Central Mint exposed as pivot of counterfeiting ring

As media have revealed the Amsterdam-based private company European Central Mint actually was the production centre of a mighty international counterfeiting ring. They minted millions of fake £1 coins. Last November police raided the premises and arrested the company’s owner. more ]

Circulating coins: trends and new coin series

Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics around circulating coins were discussed. This time, we report on trends and present insights from new coin series from Sweden and Mexico. more ]

Coin hoard or coin collection?

In the Philippines a shortage of coins has become regularly noticeable notwithstanding impressive masses of struck coins. But apparently those coins do not get or stay in circulation. A new bill proposes to penalise coin hoarding. more ]

How much worth is a rupee?

How much worth is an Indian one rupee coin? Some people demand 2,500 rupees for it. Probably the coin’s intrinsic value exceeds the face value. But not because of its alleged gold content ... more ]

Is inefficient logistics India’s source of coin shortage?

India lacks continuously circulation coins despite higher production quotas. Although there have been various rumours about illegal coin exports, a central problem appears to be much more concrete: lack of infrastructure for distributing properly the minted coins. more ]

Airtime instead of small change

Immaterial airtime seems to be the solution to a vital problem of Zimbabwean economy: the overwhelming, ubiquitous lack of coins and hence of small change. more ]

Zimbabwe asking to purchase Rand

In 2009 Zimbabwe abandoned its own currency due to economical struggles. Currently Zimbabwe is asking the South African Reserve Bank if it may purchase South African money for use in commerce even though the country is not member of the Common Monetary Area. more ]

Kenya short of coins?

Although the Central Bank of Kenya denies it appears that the country is suffering of coin shortage as medias reported at the end of November 2012. It is unclear what the exact causes are, though. more ]

Bank Resist Distributing Coins in Bangladesh

Shortage of Coins is a challenging problem in many countries. Richard Giedroyc explains us, why the supply of change does not work in Bangladesh. more ]

The Rise and Fall of India’s Coin Demand

It’s a state’s duty to supply its citizens with change in order to guarantee a smooth economic life every day. In some nations this task is easy, in other nations it is very difficult. Richard Giedroyc writes about the problems India faces in supplying enough change to its citizens. more ]

Pilgrims blamed for Sri Lanka’s coin shortage

Sri Lanka’s officials give a curious reason for the country’s continuing coin shortage: pilgrims deposit too many coins as gifts in shrines and temples especially abroad. However, people tend also to hoard coins at home instead of taking them to banks. more ]

Sri Lanka’s coin shortage – the blame game

Sri Lanka is suffering from coin shortage and the Central Bank has identified suspected ‘culprits’: people who hoard coins, pilgrims offering coins in shrines. But is that all? And will the new series of commemorative 10-rupee coins really help resolving this crisis? Richard Giedroyc is summarizing the situation. more ]

Not Even Beggars Accept Zimbabwe’s New Coins

To remedy the small change shortage, Zimbabwe issued the so-called bond coins. So far, the approach has proven ineffective. That may be due to the fact that the Reserve Bank does not bring it home to the people what bond coins actually are. more ]

Circulating coins: cash logistics

Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics revolved around circulating coins. This time, we report on strategies for an ideal cash logistics as described by different central banks. more ]

Circulating coins: trends and new coin series

Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics around circulating coins were discussed. This time, we report on trends and present insights from new coin series from Sweden and Mexico. more ]

Bi-Coloured Coins Through Edge Plating

Bi-coloured coins are popular and seen as attractive. They are, though, expensive due to a complex production process. Mark Shaw explains how this process could be simplified and thus become much more cheaper. more ]

Bring color into circulation! For every need there is a matching bicolor coin

Bicolor coins are very well accepted by the users. So, which possibilities do exist to produce inexpensive bicolor coins. Dimitrina Fileva compares the different options. more ]

US Mint strikes experimental copper-plated zinc cents

The USA are searching for ways to reduce production costs of coins with low face values. The US Mint has been striking experimental 5-cent pieces in copper-plated zinc. more ]

Peculiarities of Globalisation: German Blanks Acquisition

Who could imagine that German 1 and 2 euro cents are struck on Russian blanks? This article which was first published in the Mint News Quarterly addresses some odd inconsistencies in the German blank acquisition policy. more ]

What shall US government do with the cent?

The BBC Magazine published an article on what to do with the American cent. Should it be abolished? Should it be scrapped? How much identity is connected with the smallest coin? more ]

Coins too similar are a problem

Counterfeit Japanese 500-yen coins have been in the news recently, this being a continuing problem due to the high purchasing power of the coin. The 1982 to 2000 coin make a good case study in why mints need to ensure a coin about to be introduced to circulation isn’t too similar to another coin already in use. more ]

Should the USA introduce a one dollar coin?

Swedish journalist Stefan Karlsson reflects on why the USA do not substitute their one dollar banknote with a coin. It could save a lot of money but, as he argues, emotional reasons stand behind this decision. more ]

US Congress hears Royal Canadian Mint on $1 success

During a hearing before US Congress members Beverley Lepine, the Royal Canadian Mint’s chief operating officer, explained how Canada changed smoothly from $1 and $2 bills to coins. This might be a model for the shift from the American $1 bill to the $1 coin. more ]

USA combat profit for privates issuing commemorative coins

In the USA often private organisations or foundations profit from commemorative coin issues. A new bill aims at re-directing the profits to deficit reduction. more ]

Sellers of 9/11 bogus coins to pay $750,000

In 2011 a company sold on its own initiative 9/11 coins calling them ‘exclusively authorized’ – without having been authorised at all. The Federal Trade Commission has now reached a $750,000 settlement with the company. more ]

Senator insists on terminating $1 Presidential coins

A senator introduced a bill to stop the $1 Presidential Coin Programme. There is, however, no apparent reason. In 2011 the same senator fought against the waste of resources when an overproduction of Presidential coins for circulation created costs. Now, these coins are only collector items. more ]

Collecting coins in China based on harmony

Peter Anthony, expert on Chinese modern coins, explains why the concept of harmony applies not only to the Chinese society in general but to Chinese numismatics in particular as well. more ]

Britain’s New Baby Coin could be a Marketing Triumph

Richard Giedroyc analyses how The Royal Mint uses modern marketing strategies for its latest issue: a coin marking the (still expected) birth of the royal baby. more ]

First Spouse coins delayed

As in 2012 this year the First Spouse Coins issued by the US Mint are delayed due to “finning” as the US Mint’s Tom Jurkowsky explained. more ]

Could US bill prohibit bullion coins?

A new bill is intended to prevent the loss business of producing circulation coins whose production cost exceed their face value by far. However, incidentally, this bill could prevent the profit-making issue of bullion coins as well. more ]

Legal tender and Circulating legal tender

A Scarborough man tried to change a Canadian 20 dollar piece struck 2012 on the occasion of Queen Elizabeth’s Diamond jubilee into cash at three banks. All of them rejected the coin. His experiences were published in a Canadian journal. Find here some reactions of readers. more ]

On Pseudo coins, Collectors and the Need of Information

At the last MDC in Vienna Rene van Dijk gave a lecture on pseudo coins. He stressed the fact that pseudo coins have a rather controversial reputation among collectors. He called for better information for collectors about the legal tender status of coins. Not all auditors shared his opinion. Find here some points of view. more ]

On Pseudo coins – Collectors and the Need of Information – Letter to the editor

In our last issue we published some opinions on so called “pseudo coins”. Al Beck, a dealer from the United States who specializes in coins featuring animals sent us the following letter. more ]

Commemorative Coins are a Profit Center

When did issuing commemorative coins start and how did it change. Richard Giedroyc tries to give an overview over the past 2.000 years. more ]

Royal Mint bullion range with new specifications

As Nick Bowkett of the Royal Mint informs his blog readers, the Royal Mint is changing the specifications of bullion products. more ]

Rethinking Mint Gold Products

Richard Giedroyc takes up the cudgels for a new mint policy on precious gold objects. Why should a mint leave the market for precious gold jewelry and watches to private companies? Couldn’t this be a new market segment for well known mints being famous for their solidity? more ]

Gold, a new digital currency?

Investors usually buy physical gold or shares that reflect the gold price. The British Royal Mint offers the first digital blockchain-based platform for trading gold. Intended as an investment option, RMG® could also become a digital currency. more ]

Should the USA introduce a one dollar coin?

Swedish journalist Stefan Karlsson reflects on why the USA do not substitute their one dollar banknote with a coin. It could save a lot of money but, as he argues, emotional reasons stand behind this decision. more ]

Fiji’s new design banknotes and coins officially unveiled

Fiji’s new flora and fauna design banknotes and coins were officially unveiled by the President of Fiji on December 12, 2012. The President also unveiled a new $2 coin to replace the $2 note and Fiji’s first polymer or plastic banknote. more ]

Verifying the Authenticity of Banknotes with Mobile Phones

MAGnite is the latest interactive Giesecke & Devrient security feature for banknotes. This feature is based on the interaction between special color pigments and simple magnets, such as those found in the speakers of mobile phones. more ]

Cubans not troubling themselves over fake money

In Havana counterfeit banknotes are quite common and everybody accepts them although people tend to pass them on as soon as possible. Authorities are not yet acting against that phenomenon but it is punishable and hence may soon threaten many people. more ]

Maple leaf on new Canadian banknotes irritate public

The new Canadian banknotes arose strong criticism. According to botanists instead of the national emblem, the sugar maple leaf, they show a Norwegian maple leaf. The Bank claims the leaf to be a stylised mix of various maples. However, this discussion would have been avoided if design had been subordinated to meaning. more ]

Polymer money – only longer lasting but not better?

After introducing polymer banknotes in 2011, Canada faces criticism due to supposedly weak points in the banknotes’ characteristics. And now the Bank of Canada Governor who is going to take over the same position in the UK has big plans for his new job. more ]

Banknote parody stirs Canada

The Bank of Canada has demanded a cartoon to be deleted because it depictures a satirical version of a banknote referring to a scandal around a senator. Many Canadians are irritated by the reasons that moved the bank since satirical images do not infringe the copyright act. more ]

Peru centre of counterfeit banknotes

Recently Peru has become a centre of counterfeiting banknotes particularly US bills. The Secret Service has reacted by intensifying the collaboration with Peruvian law enforcement. more ]

Jane Austen on future £10 note?

After the decision that Sir Winston Churchill will appear on a new Bank of England £5 banknote many criticised that thus the only woman on an English banknote will disappear. Now it seems that maybe another woman could be on a new £10 banknote: writer Jane Austen. more ]

Jane Austen inflames passion

The Bank of England decided that Jane Austen will feature on a new banknote after the only woman would be substituted by Sir Winston Churchill. Women who had suggested and supported this decision received threats on Twitter. Now Police is investigating. more ]

Will new US hundred dollar bills come in time?

The USA are awaiting a new hundred dollar banknote announced back in 2010. Various delays have happened in the meantime, the latest just recently even threatens another postponement. FED is expecting the new bills for October 8, 2013. more ]

Bank of England considers introduction of polymer banknotes

For three years the Bank of England has conducted a research project considering the introduction of polymer banknotes in the UK. Now a public consultation has been undertaken and by December the Bank is expected to pronounce its final decision. more ]

Former Austrian central bank executives tried for bribery

Nine former authorised agents of the OeBN, the OeBS and the Austrian Mint are on trial, amongst others for bribery. The trial opened on February 14 in Vienna. more ]

$1 coin versus $1 note – another study

Could the USA save money by replacing the $1 note with a $1 coin? According to the authors of a new Fed staff paper no, because the costs could even explode. more ]

Bank of England issues Cleland signature notes

With effect from 3 March 2015, the Bank of England is issuing into circulation £10, £20 and £50 notes bearing the signature of the current Chief Cashier, Victoria Cleland. more ]

Circulating coins: cost efficiency and collaboration with the general public

Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics revolved around circulating coins. This time, we report on projects of central banks aiming at involving the general public in their activities to work in a more cost-efficient way. more ]

New app identifies counterfeit euro notes

A recently released smartphone app, developed by the Dutch Central Bank, now allows quick and easy checking if a euro note is genuine or counterfeit. more ]

Theft at Dutch euro notes printer

A “substantial amount” of 50 euro banknotes had been siphoned off by employees of the distinguished Dutch printing company Royal Joh. Enschedé. After two years, their actions have now been uncovered. more ]

Indian printing company suspends officials over defective currency notes

Missing security features are the reason why two high-ranking employees of a banknote printing company located in the Indian city Hoshangabad are jobless now. Already circulating, tens of thousands of 500 and 1000 rupee notes have to be withdrawn now. more ]

Argentina implements new banknotes with higher denominations

Due to its high inflation, Argentina plans introducing new 200, 500, and 1,000 peso banknotes until 2017. Today, the highest denomination is the 100 peso bill equivalent to 7,4 US dollars. more ]

Sweden will see 4.3 billion invalid in 4 months’ time

During summer 2016 Sweden is shifting from its old coins and banknotes to new issues. Therefore around SEK 4.3 billion will become invalid. The national bank reminds people to change their money in time in order to secure a smooth transition. more ]

The Privatisation Disaster of the German Bundesdruckerei

The privatisation of state-owned companies may unburden a state. Mind you, may, but does not have to. Because when a privatisation is implemented as ill-considered as in the case of the German Federal Printing Office, significant damage to the taxpayers can be done. more ]

At the cost of the weakest

To combat corruption and tax evasion, India withdrew its two highest rupee denominations. The repercussions of this measure are especially dreadful for the poor rural population and the women. more ]

2nd Coin Conference 2013 in Berlin

The 2nd Coin Conference will be held in Berlin, Germany from March 12-13, 2013 focusing specifically on circulating coins as part of countries’ cash strategies, covering design, security, cost-effective production and much more from the perspective of currency issuers. more ]

Tradition Meets Innovation – Lectures at the 27th Mint Directors’ Conference

With 35 lectures over two days and 11 sessions during the MDC 2012 – it simply wasn’t possible to hear everything. Here, you’ll find a short synopsis of what was addressed in the various lectures. more ]

Tradition Meets Innovation – The 27th Mint Directors’ Conference

The 27th Mint Director’s Conference took place in Vienna from May 6th-8th, 2012. The conference motto was “Tradition meets Innovation” – a fitting choice, when you consider that its host, the Austrian Mint, one of the most successful mints in the global market, can look back on more than 800 years of history … more ]

2nd Coin Conference: Call for paper

The Coin Conference, which takes place March 12-13, 2013 at the Palace Hotel in Berlin, will bring together coin issuers (central banks and treasury departments) with the supplying industry. Proposals are now being invited for papers at the Coin Conference. more ]

Future of cash conference

From Tuesday 25 to Wednesday September, 26 2012 an international conference on the future of cash will take place in Paris. The event will be accompanied by an exhibition. more ]

Asian High Security Printing Conference Expands to Africa and Middle East

Reconnaissance International has extended its annual Asian High Security Printing Conference to include Africa and the Middle East, under the new name of Asian, Middle East and African High Security Printing Conference. more ]

Coin Conference on-line registration open

On-line registration has been opened for the 2nd Coin Conference, which takes place March 12-13, 2013 at the Palace Hotel in Berlin. Those who are fast and who will register until September 15 can save a 15 % discount. more ]

Update on the Coin Conference

The programme is taking shape for the 2nd Coin Conference, which takes place March 12-13 2013 at the Palace Hotel in Berlin. Many interesting papers have been confirmed yet. more ]

Pacific Island Coinage Seminar summary

The Royal Australian Mint held a Pacific Island Coinage Seminar from September 18 to 21, 2012 in Canberra. Delegates from Central Banks and financial departments represented nine nations aiming at developing the understanding of international coinage issues and trends. more ]

Coin Conference Brochure Now Available

The brochure containing the programme for the 2nd Coin Conference in Berlin will be available shortly. In the meantime, however, you can download the pdf. more ]

New Dates for the Coin Conference

The dates for the 2nd Coin Conference, originally scheduled to take place March 12-13 in Berlin, have been changed to October 28-30 due to a heavily-congested industry conference calendar in the first part of 2013. more ]

Technical Forum at World Money Fair Berlin 2013

The World Money Fair Berlin 2013 is a great occasion to discover the latest trends in coin and medal manufacturing. Join the Technical Forum on January 31, 2013 and visit the joint stand “The Best for Your Money” as of January 1, 2013. more ]

Technical Forum at the World Money Fair 2013

Over six hours of informative presentations and discussions with many interested listeners constituted the Technical Forum 2013 at the World Money Fair in Berlin. Laser technology, blank material and tooling security were only some of the various topics treated during this event. more ]

Registration for Technical Meeting of Mints in ASEAN open

The Royal Thai Mint is going to host the 16th Technical Meeting of Mints in ASEAN. Registration is open and will close on March 31, 2013. more ]

Mint Directors Conference 2014 website online

From May 11 to 17, 2014 the 28th Mint Directors Conference will take place in Mexico. Now the official website has been launched offering many information around this important event. more ]

2nd Coin Conference expanded programme

The 2nd Coin Conference will be held from October 28 to 30, 2013 in Berlin. The programme of events has been expanded to embrace more issues and diverse viewpoints. more ]

Coin and Packaging Competitions on MDC website

The organisators have informed us that the information regarding the Coin and Packaging Competitions during the 2014 Mint Directors Conference (MDC) are now online on the MDC website. more ]

Registration to EVA workshop at Brussels has opened

The registration website is now open for the EVA’s AGM and workshop 2013 which will take place on November 28, in Brussels. The topic of this edition is: “Shaping the EVA’s goals for the next 3 years”. more ]

Currency Research London Review Seminar

The Currency Research Team recaps the latest issues and trends presented at various international Conferences and Seminars for industry colleagues who have been unable to attend and participate in the international conferences. The next review seminar will be in London on November 4-5, 2013. more ]

MDC 2014 to offer B2B meetings

As an innovation on the MDC Conferences, the XXVIII MDC 2014 will allow all registered delegates to access to the B2B meetings section within the web page through an easy tool that will provide you with a friendly system to schedule your meetings. more ]

Quo vadis identity – Experts debate the changing nature of identity in the digital age

The digital age leads to a transformation of our identity containing challenges for the key issues of privacy and security. Giesecke & Devrient has invited more than 40 experts from at least 10 different nations to take part in the initiative IDENTITY Talk in the Tower. more ]

Unique technical summit on coin blank surface finishing

In November 2013 a unique technical summit on coin blank surface finishing took place in Bocholt, Germany. Waste water treatment company H2O and Spaleck Oberflächentechnik hosted 18 mint technicians to exchange know how about coin blank finishing and waste water handling. more ]

10th Technical Forum at the World Money Fair in Berlin

For the tenth time, mints and supplying industry presented their latest products for minting, die production and controlling. The programme offered by 17 speakers was impressive. more ]

The program of lectures of the MDC Mexico has been published

From May 11 to May 17, 2014 the next Mint Directors Conference will take place in Mexico City. Eduardo Padrón came to the World Money Fair in Berlin to invite all participants in the coin market to come. more ]

Shining the Future – Papers of MDC Mexico: Technical

From May 11 to 14, 2014, the Mints were meeting in Mexico. Here you find a short abstract of the papers given. Part III deals with the papers prepared by the Technical Committee. more ]

Shining the Future – Papers of MDC Mexico: Plenary Sessions

From May 11 to 14, 2014, the Mints were meeting in Mexico. Here you find a short abstract of the papers given. Part I deals with the papers of the two plenary sessions. more ]

Shining the Future – Papers of MDC Mexico: Marketing

From May 11 to 14, 2014, the Mints were meeting in Mexico. Here you find a short abstract of the papers given. Part II deals with the papers prepared by the Marketing Committee. more ]

Circulating coins: cost efficiency and collaboration with the general public

Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics revolved around circulating coins. This time, we report on projects of central banks aiming at involving the general public in their activities to work in a more cost-efficient way. more ]

Circulating coins: cash logistics

Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics revolved around circulating coins. This time, we report on strategies for an ideal cash logistics as described by different central banks. more ]

News on circulating coins: The Coin Conference in Madrid

From October 21 to 23, 2015, the Coin Conference took place in Madrid. It was attended by 200 delegates, representing more than 30 nations, who wanted to acquaint themselves with the latest trends in circulating coins. In seven sessions, 28 speakers talked about their experiences. more ]

Circulating coins: trends and new coin series

Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics around circulating coins were discussed. This time, we report on trends and present insights from new coin series from Sweden and Mexico. more ]

2015 Excellence in Currency Coin Awards presented to winners

Every year, the Excellence in Currency Coin Awards recognise excellence in currency issue, production, processing, management, and distribution. This year’s winners have been presented the award during the Coin Conference in Madrid. more ]

News from the world of minting technology – Part 2

What’s new in coin minting? Held under the program of the World Money Fair, the Technical Forum provided the venue for experts to catch up. Please find short summaries of six presentations here. more ]

Speech of Thanks to Prabir Dee receding from the office as President of the Technical Committee

Dr. Peter Huber gave a speech of thanks to Prabir Dee who receded from the office as President of the Technical Committee at the MDC in Bangkok 2016. Here you will find its full text. more ]

The MDC in Bangkok: News from the world of mints. Part 1 The plenary sessions

From May 1 to 4, 2016, the Mint Directors Conference took place in Bangkok. It was attended by nearly 360 delegates for whom 35 presentations were held. Here you find the first part of a short abstract of the papers given. more ]

The MDC in Bangkok: News from the world of mints. Part 3 Sessions of the Technical Committee 2

From May 1 to 4, 2016, the Mint Directors Conference took place in Bangkok. It was attended by nearly 360 delegates for whom 35 presentations were held. Here you find an abstract of the papers given by the Technical Committee. more ]

Are there German pounds or pennies?

A new master thesis in translation reveals ambiguities and translation problems between English and German in numismatics and coin production. It gives many information on hand and is well written at the same time. more ]

The New MintWorld Compendium is available!

The new MintWorld Compendium is available. It is focused on innovation. We have won major players in the coin industry to write about recent developments. Here you will find the link to download the new volume. more ]

The new MintWorld Compendium is online

The latest issue of the new MintWorld Compendium is online. This magazine is dedicated to the future of money museums run by mints and central banks. more ]

New Publications from Currency News

The publishers of Currency News bring out two new publications in early 2014: a new issue in the series of Special Reports – ‘Celebrating 20 Years of Currency in Kazakhstan’ – and a Coin Directory, which is a unique publication on all the circulating coins in the world. more ]

Five East African Nations Look to Currency Union

Burundi, Kenya, Rwanda, Tanzania, and Uganda may have more in common than shared borders. Each of these five nations is considering a proposed East African Community Monetary Union that would merge their coin and bank note systems in much the same way as has the European Union. more ]

US State Virginia considering alternative currency instead of Dollar

In the US state Virgina a bill has been passed in the House of Delegates to study the possibilities of introducing an alternative currency. Similar bills are pending in other states, too. The monetary union of the United States seems to be endangered. more ]

Hennie Rijnbeek joins A-Mark’s Austrian operation

A-Mark Precious Metals announced that Hennie Rijnbeek has joined A-Mark Trading AG, Vienna, A-Mark’s Austrian operation as executive vice president. Mr. Rijnbeek has been working in the precious metals industry for more than 25 years. more ]

Andile Mvinjelwa and Thomas Davel cleared from suspicion

Nevertheless, as consequence of the ‘krugerrand scandal’ Andile Mvinjelwa, Managing Director of The South African Mint Company, and Thomas Davel, Managing Director and General Manager Numismatics, have left the company permanently by mutual agreement on June 1, 2012. more ]

US Master Designer Iskowitz to speak at Philadelphia forum

A free forum at the Pennsylvania Convention Center in Philadelphia on Thursday, August 9 will feature one of the most prolific designers of United States coins, Joel Iskowitz. The forum is being conducted by the American Israel Numismatic Association and the Israel Coins and Medals Corporation. more ]

New president and CEO of Mint of Poland

On June 27th the Supervisory Board appointed Mr. Grzegorz Zambrzycki as President and Chief Executive Officer of the Mint of Poland. more ]

Passing Knowledge

More than 42 % of mint staff is aged 55+. This means that a lot of change is about to happen. Especially numerous senior executives will retire. In this way a lot of knowledge is at risk of being lost. Therefore passing knowledge from one executive generation to the other assumes a truly existential significance. We asked senior executives about how they ensured that the necessary knowledge transfer took place. more ]

New US Mint Director Nominated

After more than 18 months US President Barack Obama announced a new nomination for the US Mint director. The nominated Bibiana Boerio has served for decades in the automobile industry. more ]

Lars E.O. Svensson leaves the Riksbank in May

Deputy Governor Lars E.O. Svensson will leave the Riksbank on 20 May when his period of office expires. Deputy Governor Barbro Wickman-Parak’s period of office also expires in May. The bank is now working on finding replacements. more ]

Dr. Walter Schlebusch new CEO of Giesecke & Devrient

Dr. Walter Schlebusch has been appointed as Giesecke & Devrient’s new CEO and Chairman of the Management Board. Taking up this position on July 1, he will succeed Dr. Karsten Ottenberg, who will be leaving the company on June 30, 2013. more ]

Diamond State Depository President Michael Clark Passes Away

Diamond State Depository President Mike Clark passed away Friday, August 2, 2013, at the age of 66 after a brief battle with cancer. Clark will be remembered for his distinguished career in the precious metals and banking industries. more ]

Schuler streamlines organization

The listed Schuler Group is streamlining its top management level and merging individual companies. The Board of Management is to be downsized from five to four members and the number of second-tier managers in Germany is to be reduced significantly. more ]

Schuler’s Supervisory Board appoints new Managing Director

At its meeting on Friday, January 10, 2014 the Supervisory Board of Schuler Pressen GmbH appointed a new Managing Director and Head of the Systems Division: Johannes Linden, currently still Managing Director of metal packaging specialist Mall + Herlan. more ]

New Director of the Mexican Mint appointed

The Mexican Mint (Casa de Moneda de México) has announced that Mr. Guillermo Hopkins Gámez has been appointed as General Director, thus Mint Master, as of January 13th, 2014. more ]

Congratulations to Wolfgang Steguweit

On January 30, 2014 Dr Wolfgang Steguweit celebrated his 70th birthday. Following his positions at the coin cabinets in Gotha and Berlin he is enjoying an extremely prolific and restless retirement. more ]

Former Austrian central bank executives tried for bribery

Nine former authorised agents of the OeBN, the OeBS and the Austrian Mint are on trial, amongst others for bribery. The trial opened on February 14 in Vienna. more ]

Dr Thomas Gräbener retires from Management of Gräbener Minting

On December 31, 2015, Dr Thomas Gräbener will retire from the Management of Gräbener Minting as planned. Martin Stahlschmidt and Ronny Stöcker are appointed new Managing Directors. more ]

Kirsten Petersen receives World Money Fair Award

As one of the most renowned experts on the coin collector’s soul, Kirsten Petersen is given the World Money Fair Award. Her ideas laid the foundation for many coin types that today range among the most successful commemorative coins. more ]

Speech of Thanks to Prabir Dee receding from the office as President of the Technical Committee

Dr. Peter Huber gave a speech of thanks to Prabir Dee who receded from the office as President of the Technical Committee at the MDC in Bangkok 2016. Here you will find its full text. more ]

Panda America relocating

Panda America, one of the world’s leading retail and wholesale dealers in bullion and numismatic coins is relocating to a new, larger facility at 19675 Mariner Avenue in Torrance, CA 90503. Phone numbers and website remain the same. more ]

One tonne gold coin takes The Perth Mint into Guinness Book of Records

In a cyclopean project the Australian Perth Mint produced a one tonne gold coin, the world’s largest ever coin. Now this product has been recognised by the Guinness Book of Records as the largest coin in the world and will thus enter the next 2013 edition of the book. more ]

Highest turnover in investment products in the history of the Austrian Mint

The Austrian Mint has published its Annual Report of 2011. Those who want to know more about facts and figures can download it from the Internet. more ]

Perth Mint Gold Certified Conflict-Free

The Perth Mint is one of the first three gold refiners in the world to be certified under the internationally recognised Conflict-Free Smelter Program. more ]

Monnaie de Paris – a 12-Century-Old Institution Growing Like a Start-Up

In its latest issue Currency News, a monthly newsletter for currency, has published this article in which our readers might be interested too. Read an interview with Christophe Beaux director of the Monnaie de Paris about how he succeeded in transforming the mint into a profitable commercial company. more ]

Growth of Presidential $1 Coins Slows Down

In their latest issue CurrencyNews, a monthly newsletter for currency, has published this article in which our readers might be interested too. As the specialised journal reports, the Dallas Federal Reserve Bank shelved plans to expand its facility in order to store excess Presidential $1 coins. more ]

Cookson Precious Metals opens new coin blank production workshop

Cookson Precious Metals, a leading supplier of fabricated precious metals announces the opening of its new coin blank production workshop. The new workshop is based in Cookson’s Sempsa facility, Madrid. more ]

Passing Knowledge

More than 42 % of mint staff is aged 55+. This means that a lot of change is about to happen. Especially numerous senior executives will retire. In this way a lot of knowledge is at risk of being lost. Therefore passing knowledge from one executive generation to the other assumes a truly existential significance. We asked senior executives about how they ensured that the necessary knowledge transfer took place. more ]

The Canadian Penny – a nation’s property or the Queen’s?

How is your mint handling the copyright on circulation coinage? The Royal Canadian Mint was faced with public displeasure, when they charged a singer using a coin image on his CD cover with a fee. This was completely according to the mint’s copyright regulations. Nevertheless in the end another solution had to be found. more ]

The Royal Danish Mint then and now

Since the middle of 2012 the Danish paper money production and the mint have been merged. Hans Denkov tells us about the reasons for this step. more ]

IACA’s Award for Best New Coin or Series Comes to Coin Conference

The Excellence in Currency Awards are presented by the International Association of Currency Affairs (IACA) to recognise excellence in currency issue, production, processing, management and distribution. Nominations are now being invited until December 15, 2012. more ]

The South African Gold Coin Exchange acquires equity in Stephan Welz & Co (Pty) LTD

The South African Gold Coin Exchange and The Scoin Shops announced on November 16, 2012 that it has acquired a substantial stake in the South African Decorative and Fine Arts Auction House Stephan Welz & Co. more ]

Banknote Printing Bribery Scandal in Australia

A bribery scandal shakes Australia. Important contracts with other countries for printing polymer banknotes were allegedly concluded through corruption. more ]

Japan to mint coins for Bangladesh

Japan’s Ministry of Finance announced that the country won the first contract since 1945 to mint foreign circulation coins. In April 2013 it will produce 500 million 2 taka coins for Bangladesh. more ]

A history of many centuries – the Mexican Mint

In 2014 the MDC conference will take place in the home country of the Casa de Moneda, in Mexico. The history of our hosts dates back to the beginning of the 16th century. Here you will find some short information of what you will see there. more ]

Verifying the Authenticity of Banknotes with Mobile Phones

MAGnite is the latest interactive Giesecke & Devrient security feature for banknotes. This feature is based on the interaction between special color pigments and simple magnets, such as those found in the speakers of mobile phones. more ]

EU Regulation No 1210/2010 and its implications

On September 7, 2010 the EU Regulation No 1210/2010 concerning authentication of euro coins and handling of euro coins unfit for circulation has been issued. It describes the new responsibilities the EU member states must face. more ]

Crane Co. to acquire MEI Conlux Holdings

Crane Co., a diversified manufacturer of highly engineered industrial products, has signed an agreement to purchase 100% of the equity interests in MEI, a leading provider of payment solutions for unattended transaction systems, from Bain Capital and Advantage Partners. more ]

Dillon Gage Appoints John Humphrey to Head New Digital Metals Group

Dillon Gage Metals, wholesale precious metal dealers in Dallas, have named John Humphrey to head the company’s newest division, Digital Metals. The Digital group will focus on building advanced platforms for Dillon Gage’s dealer network. more ]

Future of US mint leader unsettled

In September 2012 US President Obama nominated Bibiana Boerio as new director of the US Mint. But according to a Senate rule Senat has returned this nomination to the President. Now it is open whether Ms Boerio or an other candidate will be re-submitted. more ]

Mint of Finland will move to new premises in 2013

The new offices of the 152-year-old Mint of Finland, which has operated out of the Bank of Finland building in Turvalaakso, Vantaa since 1988, will be built in the K3 Logistics region in Viinikkala, Vantaa. Operations are scheduled to start at the new offices in the summer of 2013. more ]

Coin Innovation Through Digital Design and Engraving

The Royal Dutch Mint (RDM) has won the ‘2012 Coin of the Year Award’ for its Mint Building Centenary 5 euro coin. The coin features the most recent security technology. more ]

Creating Coins with artistic CADCAM software

The British company Delcam has developed ArtCAM Pro, a software that makes a significant leap in the way that coins are designed according to the firm. You can see here how a coin can be designed with ArtCAM Pro. more ]

Giesecke & Devrient offers new mobile payment solutions in Brazil and Germany

Giesecke & Devrient is to provide a mobile payment solution that allows their customers with prepaid accounts to top up their credit directly on their cellphone using PayPal. O2 customers in Germany are now able to use their NFC-enabled smartphones to make contactless payments in all participating shops around the world. more ]

CoinTune™: Mint of Finland’s approach to coin authentication

Mint of Finland has recently presented CoinTune, their approach to metal coin authentication. CoinTune combines fundamental physics and advanced digital technologies increasing hence the number of reliable security features detected in coins. more ]

Giesecke & Devrient back on growth track

Giesecke & Devrient continued their strong investment in future-oriented technologies. However the company has decided to cut 400 jobs. Here you will find information about the developments. more ]

International Coin Design Competition 2013

The Japan Mint will hold the International Coin Design Competition 2013 with the objective of encouraging creativity and enhancing the artistry of coin designs. more ]

H2O leads to zero liquid discharge production

Water is a precious resource. Recycling of processed water and wastewater are a central expense factor of the industry. The mid-size business H2O is promoting a liquid discharge production – a vision that is of the utmost interest for mints too. more ]

Tough Market for Canadian Mint

Sales at the Royal Canadian Mint (RCM) fell by 18% to $2.6 billion in 2012, according to its Annual Report, while pre-tax profits fell by 3.3% to C$40.7m. more ]

Amera reorganizes operative business management

Amera, a global supplier of coins, coin blanks and coin production and recycling systems, has reorganized the Group’s operative management. The reorganization forms part of the systematic handover initiated by Sheffer and Engler with the partial sale of their holdings. more ]

Private mint dumps cyanide into river causing death of 30,000 fish

Mints are becoming increasingly aware of the relevance of green business and environmental issues. However, there are always bad apples like a trial in Ohio has shown. Dumping cyanide into a storm drain caused the death of over 30,000 fish in a nearby river. more ]

The Royal Mint launches new coinage currency system with banknote-strength security

The Royal Mint has launched iSIS, Integrated Secure Identification Systems. iSIS offers a full currency system, which incorporates three tiers of banknote-strength security and can be authenticated via high-speed automated detection to industry-leading levels. more ]

Loomis wins Riksbank contract for coin warehousing and handling

Loomis has been contracted by the Riksbank, Sweden’s central bank, to take responsibility for part of the Riksbank’s handling of coins in Sweden. The contract, which extends over four years, will commence on November 1. more ]

Anti-counterfeiting approach by biomimicry

Some news from our cutting-edge technology section: Canadian company NanoTech Security proposes a bio-mimicry approach to money production. Instead of using ink an electron beam patterns a master die creating a nano structure that evokes colours to the human eye. more ]

Cooperation between the Royal Mint and the Thai Treasury Department

The Royal Mint has signed an agreement with the Treasury Department of Thailand to establish a regional coin training academy at The Royal Thai Mint. more ]

Royal Canadian Mint opens plating facility expansion

The Royal Canadian Mint officially opened its plating facility expansion and the Hieu C. Truong Centre of Excellence for Research and Development. The 70,000 square expansion will enable the Mint to increase production of multi-ply plated steel blanks. more ]

Go-ahead for Andritz Group to acquire majority in Schuler Group

Now also China’s anti-trust authorities have given the go-ahead for Austrian Andritz Group acquire a majority in the Schuler Group. Following this transaction, Andritz holds over 90 percent of the capital stock of Schuler AG. more ]

Schuler remains on course

Schuler Group won the largest service contract in its history, worth 18 million euros. While new orders slightly declined in the first half of 2013 Ebitda increased by 5.2 percent confirming Schuler’s course. more ]

Challenging year for Mint of Finland

Mint of Finland Group had a challenging year which was influenced by the weak global market and overcapacity in the coin industry, as well as the slowdown in euro change over decision making. more ]

US Mint increases production in 2013

The US Mint has produced more coins in the first half of 2013 than in the same period in 2012. For six month in a row figures have increased. According to the preliminary totals the Great Basin National Quarter is also being more successful than its predecessor. more ]

Britain’s New Baby Coin could be a Marketing Triumph

Richard Giedroyc analyses how The Royal Mint uses modern marketing strategies for its latest issue: a coin marking the (still expected) birth of the royal baby. more ]

Crane Co. Reports Conditional Clearance of MEI Acquisition by the European Commission

Crane Co., a diversified manufacturer of highly engineered industrial products, said the European Commission cleared the pending acquisition of MEI Conlux Holdings under certain conditions. more ]

Schuler triples production area in Chinese Dalian

The world’s largest press manufacturer, Schuler, has more than tripled its capacity at its production facility in Dalian. The new plant allows production in line with German standards and safety norms. In total, more than 350 people are working for Schuler in China. more ]

Schuler on track

The latest figures of Schuler AG confirm expectations for a stable fiscal year 2012/13. Growth in Germany and the Americas compensated for shortfalls in other regions. more ]

Degussa acquires precious metals dealer SilviOr

Degussa Goldhandel (Gold Trade Group) is expanding its product portfolio with immediate effect in the field of precious metals storage with the acquisition of the precious metals dealer, SilviOr GmbH, of Würzburg. more ]

Canadian Government strives to keep Cent for Themselves

Canada stopped minting its penny in May 2012. The coin is being recalled, but it is also still technically legal tender. Since the coin remains as legal tender it continues to be illegal for anyone other than the Royal Canadian Mint to melt it. A monopoly which is being challenged. more ]

Austrian Mint top managers accused of corruption

Top managers of the Austrian National Bank and its subsidiaries comprising the Austrian Mint are among others accused of having concluded, between 2005 and 2011, international contracts concerning the production of banknotes and coins by bribery. Impending payments amount of several millions. more ]

Coin minting presses for the entire world

The Schuler Group is fully entitled to claim itself as international brand leader when it comes to coin minting machines. CoinsWeekly has visited the company with long-standing tradition in Göppingen in June 2013. This is a small look behind the scenes. more ]

Schuler supports vocational training in Mexico

Metalforming supplier Schuler was looking for skilled staff in Mexico and has now officially opened the new vocational training center Cedual in Puebla where young people are being trained following the German apprenticeship model. more ]

ETF Securities partners with The Royal Mint of Great Britain

ETF Securities has partnered with The Royal Mint to offer retail investors the opportunity to exchange Gold Bullion Securities listed on the London Stock Exchange for investment grade bullion coins produced by The Royal Mint. more ]

Royal Canadian Mint wins contract from The Royal Thai Mint

The Royal Canadian Mint has been awarded a contract from the Royal Thai Mint to produce 200 million nickel-plated steel blanks for its 1-Baht circulation coin. These blanks will be among the first to be produced at the Mint’s newly expanded Winnipeg plating facility. more ]

Thailand struggles with too many coins

Vending machine operators in north-eastern Thailand face a serious problem: they must exchange too many coins into banknotes. By a regulation they aren’t allowed to use local offices but have to exchange at the regional bank where the amount of coins is limited. more ]

Who's the lady on British coins? Britannia or Margaret Thatcher?

A research by The Royal Mint has revealed that 25 per cent of British adults cannot tell who is Britannia on British coins. Instead they identify this figure with historical persons like Queen Elizabeth I or Boadicea. The Royal Mint has started an educational campaign. more ]

Schuler streamlines organization

The listed Schuler Group is streamlining its top management level and merging individual companies. The Board of Management is to be downsized from five to four members and the number of second-tier managers in Germany is to be reduced significantly. more ]

Mulligan Mint gone bust

Since its foundation in 2012 the Dallas-based Mulligan Mint has released rather peculiar coins for collectors and individuals. Now it has filed a Chapter 11 case after more than 71,000 ounces of a silver shipment missing. more ]

Royal Australian Mint's Export Solutions recognised as best in Government

The Royal Australian Mint was honoured to take out the Exporting Government Solutions category at the ACT Chief Minister’s Export Awards presentation. more ]

Curved Coin dazzles at 2013 Canberra Engineering Excellence Awards

The Royal Australian Mint was honoured to accept a 2013 Canberra Engineering Excellence Award for the 2012 Southern Sky Crux Curved Coin awarded at the Engineers Australia (Canberra Division) Annual Awards Ceremony held 12 September 2013. more ]

Royal Canadian Mint making waves in the Caribbean

The Royal Canadian Mint announced recent contract wins with the Eastern Caribbean Central Bank, the Central Bank of Barbados and Centrale Bank van Curacao en Sint Maarten, representing both circulation and numismatic coins. more ]

Royal Canadian Mint achieves $1 billion in revenue in single quarter for first time ever

The Royal Canadian Mint reported the achievements of an extraordinary second quarter with an increase in consolidated revenues of 93.8% to $1.05 billion in the 13 weeks ending June 29, 2013. more ]

First Spouse coins delayed

As in 2012 this year the First Spouse Coins issued by the US Mint are delayed due to “finning” as the US Mint’s Tom Jurkowsky explained. more ]

Reputation Damage at Orell Füssli

Switzerland’s only security printing company Orell Füssli reported 1,800 banknotes were stolen during production. They have no serial numbers and holders will be reimbursed by the national bank. The producer covers the cost – but much worse is the loss of trust. more ]

ON THE RECORD: The Royal Mint - Overcoming Market Challenges

The Royal Mint is one of the most renowned mints with a long history. Currency News spoke with its CEO Adam Lawrence what challenges the mint has to face and how it deals with them. We republish this interview here. more ]

Degussa acquires London bullion broker Sharps Pixley Ltd

Degussa Goldhandel Group acquired Sharps Pixley Ltd, one of the leading bullion trading businesses based in London. The acquisition of Sharps Pixley Ltd underscores Degussa’s future ambitions to play a major role in international gold trade. more ]

Schuler adapts structures to global challenges

The Schuler Group is streamlining its corporate structures in Germany and continuing to drive its internationalization. The degree of vertical integration in Germany must be adapted, administrative functions are to be centralized. more ]

Schuler Group sales and earnings at high prior-year level

According to Schuler’s preliminary figures for FY 2012/13 (Sep. 30) the sales of 1.19 billion euros are on a par with the previous year, while new orders amount to 1.16 billion euros. There was a further slight improvement in Ebitda margin to 10.4 per cent. more ]

AGM Elections bring strategic changes to the European Vending Association

The EVA 2013 AGM and Workshop titled, “Shaping the EVA’s goals for the next 3 years” was held on November 28 in Brussels. The company now has a new President, Director General and Executive Committee (EC). more ]

Unique technical summit on coin blank surface finishing

In November 2013 a unique technical summit on coin blank surface finishing took place in Bocholt, Germany. Waste water treatment company H2O and Spaleck Oberflächentechnik hosted 18 mint technicians to exchange know how about coin blank finishing and waste water handling. more ]

COMEX approves Royal Canadian Mint’s 1,000 oz. silver bars

The Chicago-based CME Group has added the Mint’s 1,000 oz. silver bar product to the COMEX exchange’s Silver Good Delivery List in December 2013. The addition is a highly prestigious endorsement of its increasingly important silver refining operations. more ]

10th Technical Forum at the World Money Fair in Berlin

For the tenth time, mints and supplying industry presented their latest products for minting, die production and controlling. The programme offered by 17 speakers was impressive. more ]

Former Austrian central bank executives tried for bribery

Nine former authorised agents of the OeBN, the OeBS and the Austrian Mint are on trial, amongst others for bribery. The trial opened on February 14 in Vienna. more ]

US Mint outstrips cent losses through bullion high

The US Mint has published the final figures of the fiscal year 2013 ending September 2013 revealing that it has transferred $392 million to the Treasury. This was made possible thanks to reduced metal costs and increased production of quarter dollars and bullion coins. more ]

Strong figures make Schuler confident for 2014

In its past fiscal year 2012/13 (ending September 30), the press manufacturer Schuler achieved further growth in earnings of 19 percent. The sales were at prior-year level and Schuler is adapting its structures in order to become more efficient and global. more ]

Schuler press mints Canadian dollar

The Royal Canadian Mint has ordered two minting presses from Schuler for its production facility in Winnipeg. The mint raises its productivity with the two new MRV 150 lines which will be used to mint bi-metal coins. more ]

The Royal Mint wins ‘Wales Innovation Award 2013’ for iSIS

The Royal Mint has scooped The Wales Quality Centre’s prestigious Innovation Award 2013 for its revolutionary new high security coinage currency system iSIS. iSIS enables not just coins, but the whole cash cycle to be more secure. more ]

Lang in Hüttenberg - A specialist for special solutions

You probably know that Lang milling machines are also used for coining die production. What you perhaps didn’t know is that the tires of your car might well have been made from moulds produced by Lang machines, too. Accompany us on our visit to Lang, the specialist for special solutions in terms of coining die production. more ]

European Central Mint exposed as pivot of counterfeiting ring

As media have revealed the Amsterdam-based private company European Central Mint actually was the production centre of a mighty international counterfeiting ring. They minted millions of fake £1 coins. Last November police raided the premises and arrested the company’s owner. more ]

Prototype of new GBP 1 circulation coin for Britain

Starting in 2017, new GBP 1 circulation coins with improved security features using iSIS technology will be introduced in Great Britain in order to reduce counterfeiting. The precise specifications of the new coin will be decided this summer. more ]

Winners of the International Coin Design Competition 2013

Japan Mint has announced the winners of the International Coin Design Competition 2013. The objective of the competition is to encourage creativity and enhance the artistry of coin designs. more ]

Botswana launches new circulation coins produced by Royal Canadian Mint

The Bank of Botswana converts its entire coinage system to the Canadian Mint’s multi-ply plated steel technology The coins were officially declared legal tender by the President at a special ceremony to celebrate the nation’s new coin series on February 27, 2014. more ]

Schuler stock exchange delisting

The Board of Management of Schuler AG plans to withdraw the Schuler share from the stock exchange. Schuler will remain a public limited company but will leave the Regulated Market. more ]

Board of Directors of Casa de Moneda de Chile changed

Mr. Francisco Mendiola Allamand has left the Board of Directors of the Casa de Moneda de Chile. Now, Mr. José Fernando Diáz Aguirre occupies the position of Interim Chief Executive Officer. more ]

Royal Canadian Mint reports the highest revenue in its history

The Corporation achieves another record-setting year with revenues exceeding $3 billion and $48 million in pre-tax profits in 2013. The year was marked by diversification in all business lines, and success in new markets and new areas of growth. more ]

Top Industry Award for Royal Mint Director

The director of The Royal Mint’s Commemorative Coin and Bullion business has received a top industry award in recognition of his achievements which have made a fundamental difference to the fortunes of the UK’s oldest manufacturing organisation. more ]

International Coin Design Competition 2014

The Japan Mint will hold the International Coin Design Competition 2014 with the objective of encouraging creativity and enhancing the artistry of coin designs. more ]

ArtCAM dominates Coin of the Year Awards

Mints using ArtCAM won the great majority of the awards presented at the Krause Publication’s Coin of Year Awards sponsored by World Coin News and presented at the World Money Fair held in Berlin during February. more ]

Schuler supplies Mexican Mint with first press for tri-metal coins

During the 28th Mint Directors Conference the participants had occasion to visit the Mexican Mint facility in San Luis Potosí which also boasts one very special machine: a specially equipped MRV 300. It is the first coining press to produce so-called tri-metal coins. more ]

Large order book for security expert Giesecke & Devrient

For Giesecke & Devrient 2013 was a year of upheaval, with a Management Board reshuffle and other forward-looking strategic decisions. 2014, however, starts with increased order intake and the company has invested 128 million euros in research and development. more ]

Giesecke & Devrient and Bundesdruckerei establish joint venture

Giesecke & Devrient (G&D) and Bundesdruckerei GmbH have signed a contract to establish a joint venture, operating under the name Veridos GmbH. The partners are bundling their international business with solutions for secure identification, such as passport and ID card systems for governments. more ]

“Master Coin Conference” of the precious metals and coin industry

On June 17th and 18th 2014 the summit conference of precious metals and coin industry took place under the patronage of Schoeller Münzhandel in Vienna. It saw a professional exchange in keynotes, discussions and workshops. more ]

Monnaie de Paris celebrates 1150 years with documentary

In 864 Charles the Bald founded the French Mint which is still producing France’s coins. On that occasion the institution presents itself in an intriguing video documentary. more ]

The Royal Mint announces positive results for 2013-14

The Royal Mint has announced its annual results for 2013-2014, reflecting the fact that Britain’s oldest manufacturer has enjoyed a successful year, increasing revenue by 24% to £314.9million and returning an operating profit of £6.7million. more ]

H2O Sales Force under new direction

The H2O GmbH has a new Head of Sales Force: Jochen Freund. In the field of efficient and reliable vacuum distillation systems for the processing and recirculation of industrial wastewater, H2O is one of the worldwide leading companies. more ]

The Royal Canadian Mint: Rethinking the factory floor

Time is money. So the easiest way to save money is using the time you have as efficiently as you can. The Royal Canadian Mint is doing so in a new project. With cellular manufacturing the time it takes from coining to final packaging will be cut from days to hours. more ]

Currency Research acquires Banknote Conference

Currency Research formally announced the acquisition of the Banknote Conference which focuses on the technical aspects of Banknote design and production and issue. The next Banknote Conference will take place in Washington, D.C, in May 2016. more ]

Gräbener stays in Netphen

An ambiguous press release by Schuler has led to concern regarding the fate of Gräbener. But rest assured: nothing is going to change for the customers. Gräbener stays in Netphen. more ]

Circulating coins: security features and social responsibility

Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics revolved around circulating coins. This time, we report on considerations on new security features and the social responsibility of companies. more ]

Circulating coins: cash logistics

Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics revolved around circulating coins. This time, we report on strategies for an ideal cash logistics as described by different central banks. more ]

News on circulating coins: The Coin Conference in Madrid

From October 21 to 23, 2015, the Coin Conference took place in Madrid. It was attended by 200 delegates, representing more than 30 nations, who wanted to acquaint themselves with the latest trends in circulating coins. In seven sessions, 28 speakers talked about their experiences. more ]

Circulating coins: trends and new coin series

Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics around circulating coins were discussed. This time, we report on trends and present insights from new coin series from Sweden and Mexico. more ]

2015 Excellence in Currency Coin Awards presented to winners

Every year, the Excellence in Currency Coin Awards recognise excellence in currency issue, production, processing, management, and distribution. This year’s winners have been presented the award during the Coin Conference in Madrid. more ]

News from the world of minting technology – Part 1

It only takes a look at the numbers to see how important the World Money Fair’s Technical Forum, organised by Dieter Merkle and Thomas Hogenkamp, has become: 340 delegates from mints, the supplying industry, and central banks had come to attend. more ]

Dr Thomas Gräbener retires from Management of Gräbener Minting

On December 31, 2015, Dr Thomas Gräbener will retire from the Management of Gräbener Minting as planned. Martin Stahlschmidt and Ronny Stöcker are appointed new Managing Directors. more ]

Four and a half centuries of Peruvian coins

To commemorate the four hundred fifty year anniversary of the foundation of the Mint of Lima, the authors Carlos Contreras and Carlos Morales present an overview of the institution, symbolizing the strength and continued existence of Peru as a country, beyond the changing moods of politics. more ]

News from the world of minting technology – Part 2

What’s new in coin minting? Held under the program of the World Money Fair, the Technical Forum provided the venue for experts to catch up. Please find short summaries of six presentations here. more ]

Theft at Dutch euro notes printer

A “substantial amount” of 50 euro banknotes had been siphoned off by employees of the distinguished Dutch printing company Royal Joh. Enschedé. After two years, their actions have now been uncovered. more ]

Sharps Pixley Opens State-of-the-Art Bullion Showroom in London

Sharps Pixley is set to put gold back into the heart of London by introducing the UK’s first bullion showroom. The site will allow everyday investors access to fine quality precious metals in a variety of forms as well as safe deposit boxes. more ]

US Mint Conducts 2D Barcode Trials

The United States Mint is scheduled to conclude its data collection software and two-dimensional barcode trial. If the test results are positive, the Mint could benefit from an enhanced workflow in their die shops. more ]

Indian printing company suspends officials over defective currency notes

Missing security features are the reason why two high-ranking employees of a banknote printing company located in the Indian city Hoshangabad are jobless now. Already circulating, tens of thousands of 500 and 1000 rupee notes have to be withdrawn now. more ]

nanoPay Acquires MintChipTM from the Royal Canadian Mint

The Royal Canadian Mint has sold MintChipTM, a digital currency product developed by the Mint, to nanoPay, a fully-integrated loyalty and payments platform provider, the first digital cash platform to kick start the evolution of currency™. more ]

CIT redefines high relief minting

Developed by Coin Invest Trust, the innovative smartminting© technology now allows the production of a new generation of coins. They set their own standard in terms of relief height and sharpness, three-dimensionality and wealth of detail. more ]

Exchange machines in England receive favorable response

In London, four of the planned 400 kiosks that make an exchange of different currencies quite easy have been installed by now. The inventors are pleased to report that tens of thousands of successful transactions have been made already. more ]

Dutch Mint will be sold

The Dutch Minister of Finance has announced plans to sell the Royal Dutch Mint. Several offers exist, but no final decision had been made as yet. more ]

Royal Canadian Mint looks back at successful 2015

As evidenced by the newly released Annual Report, business profitability in 2015 continues to reinforce the Royal Canadian Mint’s future. A particularly strong department are collector products that helped the Mint sell almost 30% more numismatic ounces of gold. more ]

The MDC in Bangkok: News from the world of mints. Part 1 The plenary sessions

From May 1 to 4, 2016, the Mint Directors Conference took place in Bangkok. It was attended by nearly 360 delegates for whom 35 presentations were held. Here you find the first part of a short abstract of the papers given. more ]

The MDC in Bangkok: News from the world of mints. Part 3 Sessions of the Technical Committee 2

From May 1 to 4, 2016, the Mint Directors Conference took place in Bangkok. It was attended by nearly 360 delegates for whom 35 presentations were held. Here you find an abstract of the papers given by the Technical Committee. more ]

Mint of Finland has won a tendering process in Bolivia

Mint of Finland will start manufacturing circulation coins for the Central Bank of Bolivia from 2017 on. A two year agreement states the amount and denomination of circulation coins to be produced. more ]

What is the Difference Between Operating as a Private versus a National Mint?

Very few people are aware that it’s not always a state-owned mint which produces circulation coins. There exist plenty of organizational forms for mints. They all have advantages and disadvantages. This interview, which was first published in the Mint News Quarterly, will discuss which ones. more ]

Serving the Citizen: The Example of the U.S. Mint

The latest issue of the Mint News Quarterly is dedicated to the topic: “Why a nation needs a mint. Does a nation need a mint?” One of the articles is an interview dealing with the major tasks of the U.S. Mint. Tom Jurkowsky gave us this insight in history and past of the U.S. Mint. more ]

Why Germany has Five State-Owned Mints

Many a coin collector is wondering why France and Great Britain own one mint, while Germany has five state-owned mints at its disposal. Why Germany does so and why it will probable continue to have them for a while, is summarised in this article. more ]

The rise and fall of a private mint: the Birmingham Mint

It is not a law of nature that the production of coins must be in the hands of the state. The private Birmingham Mint was the world’s leading supplier of small change in the 19th cent. It went bankrupt, when, in 2001, the Royal Mint cancelled a secret contract. more ]

Mennica Polska

The Mint of Poland is one of the few cases in which a state-owned enterprise has been successfully converted into a private company. At present, the Mennica Polska is a stock company, of which the Polish state no longer holds any shares. more ]

The End of the Danish Mint

In 2016 the Royal Danish Mint was closed without any detailed public debate. This meant the end of a tradition dating back more than a millennium. Does the fate of the Danish Mint serve as an example for the fact that national mints have outlived their usefulness for cost reasons? more ]

The Privatisation Disaster of the German Bundesdruckerei

The privatisation of state-owned companies may unburden a state. Mind you, may, but does not have to. Because when a privatisation is implemented as ill-considered as in the case of the German Federal Printing Office, significant damage to the taxpayers can be done. more ]

A Quasi Unregulated Market?

In this article, Daniel Sheffer wonders whether there is need for legal regulations in order to guarantee a fair competition between state-owned monopoly holders and private enterprises. more ]

Canadian gold thief convicted

In March 2015 Leston Lawrence gained a questionable fame when he was accused of having smuggled gold blanks out of the Royal Canadian Mint by concealing them in his rectum. A court has now adjudged him guilty. more ]

Peculiarities of Globalisation: German Blanks Acquisition

Who could imagine that German 1 and 2 euro cents are struck on Russian blanks? This article which was first published in the Mint News Quarterly addresses some odd inconsistencies in the German blank acquisition policy. more ]

Gold, a new digital currency?

Investors usually buy physical gold or shares that reflect the gold price. The British Royal Mint offers the first digital blockchain-based platform for trading gold. Intended as an investment option, RMG® could also become a digital currency. more ]

Canadian Mint, Vending Industry Seek Coordination

The Royal Canadian Mint causes stirs presenting modern technology approaches which promise enhanced security features of coins and other benefits. In addition the elimination of small coins saves costs to the community. But these costs are passed on to the vending industry as Richard Giedroyc explains. more ]

Coins too similar are a problem

Counterfeit Japanese 500-yen coins have been in the news recently, this being a continuing problem due to the high purchasing power of the coin. The 1982 to 2000 coin make a good case study in why mints need to ensure a coin about to be introduced to circulation isn’t too similar to another coin already in use. more ]

Will the vending machine industry decide on the future of coins?

How long will coins be used any longer? Dave Harper doubts whether coins will continue to exist for much longer, at least in the USA. The decisive factor might become the vending machine industry. more ]

Thailand struggles with too many coins

Vending machine operators in north-eastern Thailand face a serious problem: they must exchange too many coins into banknotes. By a regulation they aren’t allowed to use local offices but have to exchange at the regional bank where the amount of coins is limited. more ]

AGM Elections bring strategic changes to the European Vending Association

The EVA 2013 AGM and Workshop titled, “Shaping the EVA’s goals for the next 3 years” was held on November 28 in Brussels. The company now has a new President, Director General and Executive Committee (EC). more ]

Exchange machines in England receive favorable response

In London, four of the planned 400 kiosks that make an exchange of different currencies quite easy have been installed by now. The inventors are pleased to report that tens of thousands of successful transactions have been made already. more ]

IACA’s Award for Best New Coin or Series Comes to Coin Conference

The Excellence in Currency Awards are presented by the International Association of Currency Affairs (IACA) to recognise excellence in currency issue, production, processing, management and distribution. Nominations are now being invited until December 15, 2012. more ]

Krause Publications Announces 2013 Coin of the Year Nominees

Krause Publications, a leading producer of coin and paper money books, magazines, events and online products, has announced the nominees for the 2013 Coin of the Year awards. more ]

Royal Canadian Mint wins Best Graphic Design Award

The Royal Canadian Mint was recently awarded gold in the category of Graphic Design Miscellaneous for its 2012 “Celebration” Gift Sets by the Advertising & Design Club of Canada (ADCC). more ]

2013 Winners Coin of the Year Award Announced

On December 5, 2012 Krause announced the new winners of the Coin of the Year Award 2013. From ninety-nine nominees ten were chosen best in various categories. All coins were issued in 2011. more ]

2013 Winners Coin of the Year Award Announced

On December 5, 2012 Krause announced the new winners of the Coin of the Year Award 2013. From ninety-nine nominees ten were chosen best in various categories. All coins were issued in 2011. more ]

IACA – Currency Hall of Fame

The Board of Directors of the International Association of Currency Affairs is now requesting nominations for candidates to be inducted into the Currency Hall of Fame™ in May in Athens. more ]

Winners of the International Coin Design Competition 2012

Since 1998 Japan Mint has invited coin design from all over the world to the International Coin Design Competition, to encourage creativity and enhance the artistry of coin designs. In 2012 the winner of the Most Excellent Work comes from Ukraine. more ]

Two new awards for excellence in currency

Two new awards will be presented during the Coin Conference in Berlin in October. The awards will celebrate excellence and innovation in coin design and coin production. Nominations close on July 26, 2013. more ]

Shortlist for IACA awards

There are six companies hoping to win a prestigious IACA ‘Excellence in Currency Awards’ at the Coin Conference in Berlin in October. All three finalists in the section of new coin innovation features focus on security measures. more ]

Royal Australian Mint's Export Solutions recognised as best in Government

The Royal Australian Mint was honoured to take out the Exporting Government Solutions category at the ACT Chief Minister’s Export Awards presentation. more ]

Curved Coin dazzles at 2013 Canberra Engineering Excellence Awards

The Royal Australian Mint was honoured to accept a 2013 Canberra Engineering Excellence Award for the 2012 Southern Sky Crux Curved Coin awarded at the Engineers Australia (Canberra Division) Annual Awards Ceremony held 12 September 2013. more ]

G&D Wins the First Industrial Culture Prize in Saxony

The 2013 Saxony Industrial Culture Prize including a prize money of 10,000 euro was awarded for the first time. The award honored Giesecke & Devrient for its commitment to business as represented by the Workshop Museum of the Printing Arts in Leipzig. more ]

Best Design and Innovation in Circulating Coins Recognised at the Coin Conference

Canada and Colombia emerged as the winners in the coin categories of the International Association of Currency Affairs 2013 Excellence in Currency Awards, sponsored by Currency News, the presentation of which took place on October 29 during the Coin Conference in Berlin. more ]

Krause Publications’ World Coin News Announces 2014 Coin of the Year Winners

France and Australia are the top contenders following the first round of voting for 2014’s Coin of the Year Award sponsored by World Coin News. Both countries take home trophies in two of 10 categories. more ]

The Royal Mint wins ‘Wales Innovation Award 2013’ for iSIS

The Royal Mint has scooped The Wales Quality Centre’s prestigious Innovation Award 2013 for its revolutionary new high security coinage currency system iSIS. iSIS enables not just coins, but the whole cash cycle to be more secure. more ]

Winners of the International Coin Design Competition 2013

Japan Mint has announced the winners of the International Coin Design Competition 2013. The objective of the competition is to encourage creativity and enhance the artistry of coin designs. more ]

Top Industry Award for Royal Mint Director

The director of The Royal Mint’s Commemorative Coin and Bullion business has received a top industry award in recognition of his achievements which have made a fundamental difference to the fortunes of the UK’s oldest manufacturing organisation. more ]

International Coin Design Competition 2014

The Japan Mint will hold the International Coin Design Competition 2014 with the objective of encouraging creativity and enhancing the artistry of coin designs. more ]

ArtCAM dominates Coin of the Year Awards

Mints using ArtCAM won the great majority of the awards presented at the Krause Publication’s Coin of Year Awards sponsored by World Coin News and presented at the World Money Fair held in Berlin during February. more ]

Kirsten Petersen receives World Money Fair Award

As one of the most renowned experts on the coin collector’s soul, Kirsten Petersen is given the World Money Fair Award. Her ideas laid the foundation for many coin types that today range among the most successful commemorative coins. more ]

FBI requests assistance

Customer data have been stolen from a coin and bullion company. The FBI inquires, whether any company has been contacted by an individual trying to sell similar data. more ]

Professional Numismatists Guild cautions against gold and silver counterfeits

Professional Numismatists Guild cautions against counterfeit vintage rare coins and fake modern gold and silver bullion items now being offered in the marketplace. more ]

EU Regulation No 1210/2010 and its implications

On September 7, 2010 the EU Regulation No 1210/2010 concerning authentication of euro coins and handling of euro coins unfit for circulation has been issued. It describes the new responsibilities the EU member states must face. more ]

Texas to change law about metal theft

According to a 2011 Senate Bill in Texas stealing a penny or even a sixpack of beer could be considered state jail felony. The bill was intended to curb metal thefts and is now to be mended by an additional bill. more ]

A Quasi Unregulated Market?

In this article, Daniel Sheffer wonders whether there is need for legal regulations in order to guarantee a fair competition between state-owned monopoly holders and private enterprises. more ]

Innovation Charts

The upcoming MintWorld Compendium will be dedicated to ‘Innovations.’ Of these the last ten, twenty years have seen quite a lot. Please write us which innovations you consider most important. And if you have the feeling something is missing on the list, please feel free to drop a line. We will include a little bit of information on your favorites within the upcoming MintWorld Compendium. more ]

Giesecke & Devrient offers new mobile payment solutions in Brazil and Germany

Giesecke & Devrient is to provide a mobile payment solution that allows their customers with prepaid accounts to top up their credit directly on their cellphone using PayPal. O2 customers in Germany are now able to use their NFC-enabled smartphones to make contactless payments in all participating shops around the world. more ]

CoinTune™: Mint of Finland’s approach to coin authentication

Mint of Finland has recently presented CoinTune, their approach to metal coin authentication. CoinTune combines fundamental physics and advanced digital technologies increasing hence the number of reliable security features detected in coins. more ]

ON THE RECORD: The Royal Mint - Overcoming Market Challenges

The Royal Mint is one of the most renowned mints with a long history. Currency News spoke with its CEO Adam Lawrence what challenges the mint has to face and how it deals with them. We republish this interview here. more ]

10th Technical Forum at the World Money Fair in Berlin

For the tenth time, mints and supplying industry presented their latest products for minting, die production and controlling. The programme offered by 17 speakers was impressive. more ]

The Royal Mint wins ‘Wales Innovation Award 2013’ for iSIS

The Royal Mint has scooped The Wales Quality Centre’s prestigious Innovation Award 2013 for its revolutionary new high security coinage currency system iSIS. iSIS enables not just coins, but the whole cash cycle to be more secure. more ]

Shining the Future – Papers of MDC Mexico: Technical

From May 11 to 14, 2014, the Mints were meeting in Mexico. Here you find a short abstract of the papers given. Part III deals with the papers prepared by the Technical Committee. more ]

Circulating coins: security features and social responsibility

Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics revolved around circulating coins. This time, we report on considerations on new security features and the social responsibility of companies. more ]

New app identifies counterfeit euro notes

A recently released smartphone app, developed by the Dutch Central Bank, now allows quick and easy checking if a euro note is genuine or counterfeit. more ]

News from the world of minting technology – Part 1

It only takes a look at the numbers to see how important the World Money Fair’s Technical Forum, organised by Dieter Merkle and Thomas Hogenkamp, has become: 340 delegates from mints, the supplying industry, and central banks had come to attend. more ]

News from the world of minting technology – Part 2

What’s new in coin minting? Held under the program of the World Money Fair, the Technical Forum provided the venue for experts to catch up. Please find short summaries of six presentations here. more ]

US Mint Conducts 2D Barcode Trials

The United States Mint is scheduled to conclude its data collection software and two-dimensional barcode trial. If the test results are positive, the Mint could benefit from an enhanced workflow in their die shops. more ]

CIT redefines high relief minting

Developed by Coin Invest Trust, the innovative smartminting© technology now allows the production of a new generation of coins. They set their own standard in terms of relief height and sharpness, three-dimensionality and wealth of detail. more ]

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