Insights into what customers can expect from the Royal Mint in the near future. After listening to the recording, here is my summary and initial impressions. What do you think?
People are using less physical coins, more cashless transactions
RM’s circulating currency arm, which was the mainstay of their business, is growing smaller (less profitable)
RM is growing/exploring opportunities in other areas, e.g. commemorative coins, visitor/tourist attraction, gold recycling from e-waste, precious metals. A new offer scheduled to be launched in Dec 2021.
RM is committed at preserving the 'Britishness' of their products, while expanding D&I (Diversity & Inclusion) offers and themes (dinosaurs, movies, storybook characters) which attract kids/young collectors
Focus on reducing their carbon footprint, increasing use of renewables, optimizing product packaging
Anticipate increase in international ventures / tie-ups
For me as a newbie coin collector/investor, this is what I think I can expect from RM.
more commemorative coins with varying themes to appeal to a wider customer base. So I have to be more selective in picking potential ‘winners’
eco-packaging will potentially be introduced. Good for the environment, but expect a much simplified 'box' (see example from the Royal Australian Mint)
new offers in the RM pipeline, e.g. enhanced collector services, auctions, international collaborations