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.
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.
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.
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.
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.
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.
$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.
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.
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.
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.