Britain’s Royal Mint profits from selling commemorative coins as well
as making circulation coins for the British Isles and around the world.
Now, it is expanding its efforts in the coin market by buying a
minority stake in coin dealer Sovereign Rarities.
The Royal Mint and Sovereign Rarities announced the cooperation in late June. The Royal Mint made an
equity investment in Sovereign Rarities Limited. The decision by the
Royal Mint to invest is part of the mint’s five-year plan to enlarge its position in the collector
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The Royal Mint’s unbroken history of minting British coinage dates
back more than 1,000 years, while Sovereign Rarities is a London-based
numismatic dealership, comprising a team of numismatic specialists
having collectively more than 100 years of experience. Sovereign
Rarities is a member of the British Numismatic Trade Association and also
works in conjunction with museums and other academic institutions and
societies to promote the study of numismatics.
There was a time when the Morgan dollar was
actually a half dollar:
Another column in the July 31 issue of Coin World explains how
collectors can create their own archival-quality holders for
oversized paper money.
Though the Royal Mint has sourced and sold historic issues of
British coinage to its customers (often bringing the ire of major
dealers, indignant at the competition and the marked-up prices), this
is a broader effort to capture revenue from the collector coin market.
In a press release, Anne Jessopp, Director of Consumer Coin at the
Royal Mint confirms, “The collaboration with Sovereign Rarities
Limited supports the strategic direction in which the Royal Mint is
keen to progress. Both our businesses will be working to accelerate
opportunities within this specialist area.”
Ian Goldbart, managing director of Sovereign Rarities, said in a press release: “I
am delighted to welcome the Royal Mint as a shareholder. It makes
perfect sense for us to strengthen the tie with The Royal Mint,
especially as a substantial proportion of the coins we deal with were
in fact produced over the last 1,000 years by The Royal Mint.”