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The Royal Mint – Its English History
One of the oldest English organisations is the Royal Mint which has been minting English Coinage since 886 AD during the time of King Alfred the Great. The Mint originated over 1,100 years ago, but has functioned since 1975 as a Trading Fund, operating in much the same way as a government-owned company. The Royal Mint also manufactures and circulates coins for over 100 other countries, mints collectors’ coins, and produces military medals and civilian decorations for the British armed forces and orders of chivalry.
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, being known as the world’s leading exporting Mint Responsibility for the security of the site falls to the Ministry of Defence Police, who provide an armed contingent.
The Royal Mint began to move its operations from Tower Hill, London to Llantrisant, South Wales, in 1968 and has operated on a single site in Llantrisant, since 1980,[2] where it holds an extensive collection of coins dating from the 16th century onwards. The collection is housed in eighty cabinets made by Elizabeth II’s cabinet maker, Hugh Swann.
The London Mint first became a single institution in 886, during the reign of Alfred the Great, but was only one of many mints throughout the kingdom. By 1279 it had moved to the Tower of London, and remained there the next 500 years, achieving a monopoly on the production of coin of the realm in the 16th century. Sir Isaac Newton took up the post of Warden of the Mint, responsible for investigating cases of counterfeiting, in 1696, and subsequently held the office of Master of the Royal Mint from 1699 until his death in 1727. He unofficially moved the Pound Sterling to the gold standard from silver in 1717.
By the time Newton arrived, the Mint had expanded to fill several rickety wooden buildings ranged around the outside of the Tower. In the seventeenth century the processes for minting coins were mechanised and rolling mills and coining presses were installed. The new machinery and the demand on space in the Tower of London following the outbreak of war with France led to a decision to move the Mint to an adjacent site in East Smithfield. The new building, designed by James Johnson and Robert Smirke, was completed in 1809, and included space for the new machinery, and accommodation for the officers and staff of the Mint.
The building was rebuilt in the 1880s to accommodate new machinery which increased the capacity of the Mint. As technology changed with the introduction of electricity and demand grew, the process of rebuilding continued so that by the 1960s little of the original mint remained, apart from Smirke’s 1809 building and the gatehouse in the front.
During WWII, the Royal Mint was bombed by the Germans. The Mint was hit on several different occasions and was put out of commission for three weeks at one point.
The Tower Hill site finally reached capacity ahead of decimalisation in 1971, with the need to strike hundreds of millions of new decimal coins, while at the same time not neglecting overseas customers. In 1967 it was announced that the Mint would move away from London to new buildings in Llantrisant, ten miles (16 km) north west of Cardiff. The first phase was opened by Queen Elizabeth II on 17 December 1968, and production gradually shifted to the new site over the next seven years until the last coin, a gold sovereign, was struck in London in November 1975. Smirke’s 1809 Building is now used as commercial offices by Barclays Global Investors.
Trial of the Pyx
The Trial of the Pyx is the procedure in the United Kingdom for ensuring that newly-minted coins conform to required standards. The trials have been held since the twelfth century, normally once per calendar year, and continue to the present day. The form of the ceremony has been essentially the same since 1282. They are trials in the full judicial sense, presided over by a judge with an expert jury of assayers. Trials are now held at the Hall of the Worshipful Company of Goldsmiths, having previously taken place at the Palace of Westminster. Given modern production methods, it is unlikely that coins would not conform, although this has been a problem in the past as it would have been tempting for the Master of the Mint to steal precious metals.
The term “Pyx” refers to the boxwood chest (in Greek, πυξίς, pyxis) in which coins were placed for presentation to the jury. There is also a Pyx Chapel (or Pyx Chamber) in Westminster Abbey, which was once used for secure storage of the Pyx and related articles.
The jury is composed of Freemen of the Company of Goldsmiths, who assay the coins provided to decide whether they have been minted within the criteria determined by the relevant Coinage Acts.
Please visit my Funny Animal Art Prints Collection http://www.fabprints.com
My other website is called Directory of British Icons: http://fabprints.webs.com
The Chinese call Britain ‘The Island of Hero’s’ which I think sums up what we British are all about. We British are inquisitive and competitive and are always looking over the horizon to the next adventure and discovery.
Copyright © 2011 Paul Hussey. All Rights Reserved.
About the Author
I have recently decided to write articles on my favourite subjects: English Sports, English History, English Icons, English Discoveries and English Inventions.
At present I have written many articles which I call “An Englishman’s Favourite Bits Of England” as various chapters.
The Chinese call Britain ‘The Island of Hero’s’ which I think sums up what we British are all about. We British are inquisitive and competitive and are always looking over the horizon to the next adventure and discovery.
Please visit my Blogs page http://Bloggs.Resourcez.Com where I have listed my most recent articles to date.
Copyright © 2011 Paul Hussey. All Rights Reserved.
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