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Evening Standard
Evening Standard
Business
Michael Hunter

Royal Mint coins it in with record profits as demand for physical gold soars

A ‘Pattern Piece’ for a rare Una and the Lion coin held by the Royal Mint

(Picture: Gareth Everett/Huw Evans Agency)

Soaring demand from investors for physical holdings of precious metals has helped power profits at the Royal Mint to the highest since it became a limited company 12 years ago.

Since then, the Mint has set its sights on becoming a consumer brand, for investors in precious metals, historic coins as well as jewellery and luxury collectible products. The strategy helped it take profits to £18 million in the year to March 31, from revenue of over £1.4 billion.

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