The following is a media release from the Royal Mint.
The Lord Mayor of the City of London, Alderman Allan Yarrow, has
struck a special commemorative gold Sovereign during a visit to The
Royal Mint’s operations in India as a lasting reminder of his first
official overseas trip, the Royal Mint announced Dec. 11.
The Lord Mayor, the elected head of the City of London Corporation
which supports the world-leading finance and business sector in the
United Kingdom, had the opportunity to strike his own Sovereign during
a tour of the Royal Mint licensee facility, operated by MMTC-PAMP,
which formed part of a trade mission backed by the City of London and
He struck two coins, including one half-sovereign and a sovereign,
during the visit. Both were dated 2014.
The Lord Mayor was presented with the Sovereign he struck to mark
the occasion of his visit, together with a photograph of the occasion.
The Lord Mayor led a delegation from the UK-based finance and
professional services sector on a five day visit to meet Indian
Government officials, explore UK trade and investment opportunities
and see some of the successful joint ventures already in operation.
The Royal Mint’s partnership with MMTC-PAMP India to strike
authentic gold Sovereign commemorative coins in India for the first
time in nearly a century was showcased as a demonstration of the
benefits of Britain and India working together.
One of the world’s most famous coins, the Sovereign is globally
recognized as a symbol of uncompromising quality standards and minting
Featuring the same classic Benedetto Pistrucci ‘St George and the
Dragon’ design as the Sovereigns first struck in India in 1918,
striking of the 2013 Sovereign commenced in MMTC-PAMP India’s world
class facility near Delhi in February last year, and continued this
year with the Sovereign 2014.
Using tools and techniques developed by the Royal Mint at their
headquarters in South Wales, UK, and struck in India by MMTC-PAMP,
these commemorative Sovereigns carry the special ’I‘ mint mark to
indicate that they have been manufactured in India.
Residents of India had been unable to buy genuine commemorative
Sovereigns since 1918, when the Royal Mint operated a branch mint in
Bombay for a single year, during time which a staggering 1,300,000
Sovereigns were struck. Since then a high number of counterfeit
Sovereigns have become available on the market.
The partnership with MMTC-PAMP was created to help re-establish The
Royal Mint in this major market and allow the Indian public to
confidently purchase authenticated Sovereigns from a British brand
which is renowned for its heritage, high quality and integrity.
Mehdi Barkhodar, Chairman of MMTC-PAMP and Managing Director of PAMP
SA said “The Indian consumer deserves nothing but the best; the
re-emergence of the highly prized authentic Sovereign coins has been
warmly welcomed by those wishing to purchase the genuine article for
national festivities, weddings or other special occasions. Following
the success of the iconic Sovereign, the range manufactured in India
has been increased to also encompass the Half-Sovereign. We are
extremely honoured the Lord Mayor of London visited our plant to
witness on-going production of the Sovereign. Full of praise for the
initiative shown by The Royal Mint in enabling the Indian consumer
access a genuine product with the same assurance as in UK, the Lord
Mayor was enthused to personally strike a Sovereign. We fully
understand the heavy responsibility that goes with this privilege and
will cherish his visit for years to come.”
The Lord Mayor of the City of London, Alan Yarrow, said, “Great
coins like this Sovereign remind us that reliable money is at the
heart of well-ordered and transparent trade, business - and human
affairs. The dragon is of course good to see, as well, as it’s a famed
guardian of the City, too.”
Shane Bissett, the Royal Mint’s Director of Commemorative Coin and
Bullion, added, “The Sovereign is the oldest traded commemorative coin
still manufactured today and is also the world’s most precisely
specified gold coin. Its quality and specification is independently
verified every year by the Trial of the Pyx, at over 750 years old the
oldest quality control process still being used today. The
commemorative coins struck in India go through this quality process in
the same way as all UK coins. Our partnership with MMTC-PAMP India has
enabled us to introduce genuine commemorative Sovereigns back into the
Indian market, satisfying significant demand for the coin, and helping
us to further expand our global offering.”
More from CoinWorld.com:
Mint moves deadline for ordering 2014 commemorative coins
can someone successfully invest in rare coins?: 7 lessons in collecting
out: 2014 American $1 Coin and Currency set, with 50,000 sets
States Mint to offer 1-ounce silver Proof 2015-W American Eagle
dollar beginning Jan. 2
City Mint coins unwanted when first struck but now they are wildly popular
Keep up with all of CoinWorld.com's news and insights by signing
up for our free eNewsletters, liking
us on Facebook, and following us on Twitter. We're also on Instagram!