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Text II. Royal Mint
The Royal Mint is the body permitted to manufacture, or mint, coins in the United Kingdom.
The Royal Mint originated over one thousand years ago, but it has functioned since 1975 as a Trading Fund, operating in much the same way as a government-owned company. It now has Executive Agency status, and is currently undergoing the process of being converted into a Government-owned business. The Royal Mint as a body reports to HM Treasury, though departmental day-to-day responsibilities are handled by the Shareholder Executive. As well as minting coins for the UK, it also mints and exports coins to many other countries, and produces military medals, commemorative medals and other such items for governments, schools and businesses.
The mint has an extensive collection of coins from the 16th century onwards. The collection is housed in eighty cabinets made by Elizabeth II's cabinet maker, Hugh Swann.
The mint operates on a single site in Llantrisant, South Wales. Responsibility for the security of the site falls to the Ministry of Defence Police, who provide an armed contingent.
The annual Trial of the Pyx checks coins produced for the UK government for size, weight and chemical composition.
The Royal Mint exists principally to mint coins for circulation in the UK. However, it also manufactures and circulates coins for over 100 other countries, mints collectors' coins, and produces military medals and civilian decorations for the British military and orders of chivalry. The Mint also produced coins for Canada until 1908 when the Royal Canadian Mint was established.
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