Reinventing The Royal Mint - Anne Jessopp, CEO

[Ashwin]

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

Edited November 11, 2021 by Ashwin
optimize font size

[Gordy]

a new release every 4 hours, monday to friday with 10 new releases on a saturday!!! 😂

[MJCOIN]

"Diversity & Inclusion"

 

* shudders *

[KevinFlynn]

I miss "less milk spotting".

[Simmoleon]

Anything about them removing the dust from the capsules before putting proofs in them?

[Coverte]

Listen to one hour and three minutes of that pair - seriously  

 

[AppleZippoandMetronome]

I just hope they don't go down the same road as the Royal Canadian Mint when it comes to commemoratives. The RCM releases so many different items I think its become hard to take them seriously which is a shame since some of the releases are very, very nice. The Royal Mint with its history really needs to hang on to its image of perceived quality and heritage. It would be a shame to see that reduced to the production of trinket items purely to pad out the balance sheets.

As I'm sure all of us who have bought coins from the RM and sent them back will agree they really need to focus on their quality before anything else. Again I think their history and heritage means they have a good reputation throughout the world however that won't last if people keep having bad experiences.

[LawrenceChard]

1 hour ago, Simmoleon said:

Anything about them removing the dust from the capsules before putting proofs in them?

All dust will be guaranteed low carbon. 😎

[LawrenceChard]

47 minutes ago, Coverte said:

Listen to one hour and three minutes of that pair - seriously  

 

That may be why she has been too busy to answer my e-mails. 😎

[danmc82]

1 hour ago, MJCOIN said:

"Diversity & Inclusion"

 

* shudders *

Seems wokeness is spreading.

[MJCOIN]

Just now, danmc82 said:

Seems wokeness is spreading.

I wouldn't mind so much if it actually improved things for everyone.  

[NewCoins]

59 minutes ago, AppleZippoandMetronome said:

I just hope they don't go down the same road as the Royal Canadian Mint when it comes to commemoratives. The RCM releases so many different items I think its become hard to take them seriously which is a shame since some of the releases are very, very nice. The Royal Mint with its history really needs to hang on to its image of perceived quality and heritage. It would be a shame to see that reduced to the production of trinket items purely to pad out the balance sheets.

As I'm sure all of us who have bought coins from the RM and sent them back will agree they really need to focus on their quality before anything else. Again I think their history and heritage means they have a good reputation throughout the world however that won't last if people keep having bad experiences.

I mostly agree.

At the moment I do think at least half, maybe up to 75% of what the RM releases doesn't interest me much. 

However they still do some very collectable coins (for my taste) and those don't come around that regularly. 

Some of it I am on the fence about, but I am still confident they will continue releasing those special coins, amongst everything else which is still keeping me interested.

[NewCoins]

1 minute ago, MJCOIN said:

I wouldn't mind so much if it actually improved things for everyone.  

By definition I think that's hard to achieve.

[motorbikez]

3 hours ago, MJCOIN said:

"Diversity & Inclusion"

 

* shudders *

Now the RM is officially joining the woke brigade.

[Arganto]

I wonder if they're looking at the ESG ratings and acting accordingly. More legislative bullcrap that fills the pockets of some and does little of what it is claims to achieve.

Maybe they'll issue a 'Gender Fluidity' coin, whereby you flick it and whichever side it lands on will be your "gender" for the day. Although thinking about it unless they come up with a 72 sided coin that's just a silly idea.

[westminstrel]

18 hours ago, motorbikez said:

Now the RM is officially joining the woke brigade.

They already joined it… recall the previous year’s Britannia. 

[Minimalist]

On 11/11/2021 at 07:18, Ashwin said:

RM is committed at preserving the 'Britishness' of their products

[Arganto]

14 hours ago, westminstrel said:

They already joined it… recall the previous year’s Britannia. 

You mean BrianDressedAsTania?

[CANV]

It’s bit tricky to eco up the process of mining precious metals, where you trash acres of countryside with huge diesel burning machines to get 0.000 (insert extra 0’s) 1% of useful stuff.  Then cart it all over the world , burn loads more gas type stuff to melt it, make,it shiny and into nice shapes.   Then cart it around the world a bit more so people can buy it then keep it in a safe .  Still a bamboo box will make all the difference