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Company type | Subsidiary |
---|---|
Founded | 1964 |
Founder | Joseph Segel |
Headquarters | Exton, Pennsylvania, U.S. New York City, U.S. |
Products | Collectibles |
Parent | Retail ECommerce Ventures |
Website | franklinmint |
The Franklin Mint is a private mint founded by Joseph Segel in 1964 in Wawa, Pennsylvania. [1] [2] The building is in Middletown Township. [3]
The brand name was previously owned by Sequential Brands Group headquartered in New York City. [4] It is currently owned by Retail Ecommerce Ventures (REV). [5] The Franklin Mint sells coins, medals, jewelry, die-cast vehicles, dolls, sculpture and other collectibles.
For five decades The Franklin Mint produced and mass-marketed collectibles. Its product line began with manufacturing and marketing privately minted gold and silver commemorative rounds and medallions. [6]
In the 1970s and 1980s, Franklin Mint expanded operations to legal tender coins, producing a combination of bullion and non-bullion proof and uncirculated coin sets of both small and large denominations for a number of countries, particularly Panama and various island states. One of its best numismatic sellers was the "Coin Sets of all Nations" series which included stamps and postmarks of the respective nation on each set.
Besides coins, other offerings included dolls, plates, knives, LP record sets, and die-cast vehicles. Often emphasized in these media were influential historical figures or famous actors. Wildlife scenes were also a common feature. Many of these items were sold through magazine and television advertisements over the years.
The Franklin Library produced public domain classic books from its founding in 1973 until its closing in 2000. Its books were designed and bound by The Sloves Organization, Ltd. The Franklin Library published several book series including The Great Books of the Western World [7] and The Hundred Greatest Books of All Time. [8]
In 1983, after Warner Communications had purchased The Franklin Mint, the company entered the diecast vehicle market, starting with the 1935 Mercedes Benz 500K Roadster. Usually the cars were labeled as Franklin Mint Precision Models. In the following years, Franklin Mint produced more than 600 different issues of motorcycles, trucks, and tractors besides automobiles. [9] [10] In 1998, the mint started producing models of Duesenberg Coupé Simone, a fictitious luxury car allegedly made by Duesenberg in the late 1930s. [11]
Additionally The Franklin Mint began manufacturing diecast aircraft. They produced a large number of World War II 1:48 scale planes including the B-17 Flying Fortress, PBY Catalina, P-51 Mustang, and Focke-Wulf Fw 190.
The Franklin Mint has undergone several changes in ownership over the years:
1980: Warner Communications acquired The Franklin Mint for approximately $225 million. Warner retained the Mint's headquarters and Eastern Mountain Sports, a retailer acquired by the Mint during the 1970s, while leasing the headquarters back to subsequent owners. [13]
1985: Warner sold The Franklin Mint to American Protection Industries Inc. (API) for $167.5 million. In 1993, API was renamed Roll International, a company led by Stewart Resnick and Lynda Resnick. [14]
2006: On August 31, 2006, Roll International sold The Franklin Mint to a group of private investors led by M. Moshe Malamud, David Salzman, and Steven J. Sisskind, associated with The Morgan Mint. [15]
2009: In May 2009, JSSI Capital Enterprises, LLC formed a limited liability company, The New Franklin Mint, as an acquisition vehicle. On June 9, 2009, JSSI Capital acquired The Franklin Mint's assets for over $12 million, also assuming approximately $4 million in subordinated debt. [16]
2013: On November 1, 2013, Sequential Brands Group, Inc. acquired The Franklin Mint, LLC, including its brand, intellectual property, and certain other assets. [17]
2020: In July 2020, Retail Ecommerce Ventures (REV) acquired The Franklin Mint. [18]
2023: At the end of 2023, OMNI Retail Enterprises acquired The Franklin Mint from Retail Ecommerce Ventures. [19]
Following the death of Diana, Princess of Wales, the Diana, Princess of Wales Memorial Fund was granted intellectual property rights over her image. [20] In 1998, after refusing the Franklin Mint an official license to produce Diana merchandise, the fund sued the company, accusing it of illegally selling Diana dolls, plates and jewelry. [21] In California, where the initial case was tried, a suit to preserve the right of publicity may be filed on behalf of a dead person, but only if that person is a Californian. The Memorial Fund therefore filed the lawsuit on behalf of the estate, and upon losing the case, was countersued by Franklin Mint in 2003. In November 2004, the case was settled out of court with the Diana Memorial Fund agreeing to pay £13.5 million to charitable causes on which both sides agreed. [22] In addition to this, the Diana, Princess of Wales Memorial Fund had spent a total of close to £4 million in costs and fees relating to this litigation, and as a result froze grants allocated to a number of charities. [20]
In the Ben Folds Five song "Battle of Who Could Care Less", singer Ben Folds proposes taking an idea of "pewter portraits of General Apathy and Major Boredom" "to the Franklin fucking Mint". [23]
In the John Waters dark comedy, Serial Mom , Mary Jo Catlett has a Franklin Mint Fabergé egg collection.
A model car, or toy car, is a miniature representation of an automobile. Other miniature motor vehicles, such as trucks, buses, or even ATVs, etc. are often included in this general category. Because many miniature vehicles were originally aimed at children as playthings, there is no precise difference between a model car and a toy car, yet the word 'model' implies either assembly required or the accurate rendering of an actual vehicle at smaller scale. The kit building hobby became popular through the 1950s, while the collecting of miniatures by adults started to gain momentum around 1970. Precision-detailed miniatures made specifically for adults are a significant part of the market since the mid-1980s.
The Diana, Princess of Wales Memorial Fund was an independent grant-giving foundation established in September 1997 after the death of Diana, Princess of Wales, to continue her humanitarian work in the United Kingdom and overseas. It was a registered charity under English law. The Fund closed at the end of 2012.
Ertl is a former American manufacturing company and current brand of toys, best known for its die-cast metal alloy collectible replicas of agricultural machinery. Other products manufactured by Ertl include cars, airplanes, and commercial vehicles.
A die-cast toy is a toy or a collectible model produced by using the die-casting method of putting molten lead, zinc alloy or plastic in a mold to produce a particular shape. Such toys are made of metal, with plastic, rubber, glass, or other machined metal parts. Wholly plastic toys are made by a similar process of injection molding, but the two methods are distinct because of the properties of the materials.
Maisto is a brand of scale model vehicles introduced in 1990 and owned by May Cheong Group, a Chinese company founded in 1967 in Hong Kong by brothers P.Y. Ngan and Y.C Ngan. Headquartered in Hong Kong, the brand has its offices in the United States, France and China. MCG also owns other model car brands, such as the former Italian brand Bburago and Polistil.
Majorette is a French toy manufacturer which mostly produces small Die-cast scale model cars, commercial vehicles, aircraft, and other vehicles, particularly in 1:64 scale. This is a normal 2.5–3 in (64–76 mm) size, thus Majorette has sometimes been called "the Matchbox of France". Traditionally, production was centered in the urban area of Lyon, but diecast models are now made in China, the Philippines, Taiwan, Thailand and Vietnam.
Bburago is a large manufacturing company of toys and die-cast scale model cars formerly based in Italy. The company was based in Burago di Molgora, where all products were made from 1974 to 2005. At the height of its popularity, Bburago's main competitors were Politoys and Maisto, the latter of which was to become dominant in the 1:18 market segment around 2000.
Johnny Lightning is a brand of diecast model cars launched in 1969 by Topper Corporation, similar to the hugely successful Mattel's Hot Wheels cars. They were notable at the time for being extremely fast compared to other brands of die-cast cars. Their most important technology was to mold in a small hook under the front axle so that they could be propelled by a lever-driven catapult, far faster than could be obtained by either gravity, or battery powered "supercharger" devices.
Schabak is a die-cast toy producer based in Nuremberg, Germany. The company is well known for its line of German cars and commercial airline models. The company's on and off relation with German Schuco Modell is particularly notable.
The Hubley Manufacturing Company was an American producer of a wide range of cast-iron toys, doorstops, and bookends. Toys, particularly motor vehicles and cap guns, were also produced in zinc alloy and plastic. The company is probably most well known for its detailed scale metal kits of Classic cars in about 1:20 scale. Starting in 1960, Hubley participated for a couple of years with Detroit automakers as a plastic promotional model maker. Many Hubley toys are now sought-after collectibles.
Linens 'n Things was a big-box retailer specializing in home textiles, housewares, and decorative home accessories. Based in Clifton, New Jersey, the chain operated 571 stores in 47 U.S. states and six Canadian provinces, and had 7,300 employees as of December 2006. The company's business strategy was "to offer a broad selection of high quality, brand name home furnishings merchandise at exceptional everyday values, provide superior guest service, and maintain low operating costs."
Norev is a French manufacturer of die-cast scale model cars. Traditionally based in Villeurbanne, a suburb of Lyon. It has normally produced modern and vintage European vehicles, especially those of French origin – though Italian, German, British, and American vehicles were also produced. Norev's closest competition was Solido, but that company had more pan-European influence, while Norev was more national in orientation.
Polistil S.p.A. is an Italian toy brand and former manufacturing company headquartered in Milan, with production center in Chiari, near Brescia. Polistil specialized in die-cast and plastic scale model vehicles of all sizes.
Winross is a diecast model truck producer based in Churchville, New York, just west of Rochester. The company was started in 1963 to make models of White brand trucks. Winross was the pioneer in 1/64 scale promotional model semi-tractor-trailer trucks. The trucks were known for their wide variety of logos and promotional ads on their sides. Over time trucks have become more sophisticated and the company has moved into silk screen printing for a variety of products.
Dugu Miniautotoys was a brand of diecast metal models, mostly in 1:43 scale, made in Varallo Sesia, Vercelli Province, Piedmont, Italy, north of Turin and west of Lake Orto. The company made models for the Carlo Biscaretti di Ruffia Automobile Museum in Turin. They were made from approximately 1961–1975, and perhaps a few years longer.
Franklin Mint Precision Models were made by the Franklin Mint, originally a private mint founded by Joseph Segel in 1964 in Wawa, Pennsylvania. The company is now owned by a private equity firm headquartered in Midtown Manhattan New York City and Exton, Pennsylvania. Besides diecast automobiles, the Franklin Mint manufactured and marketed coins, jewelry, dolls, sculpture and other collectibles.
Craftsvilla is an Indian e-commerce portal that sells ethnic apparel, footwear, fashion accessories, beauty products, handcrafted home accessories and other ethnic fashion and lifestyle products. The company is headquartered in Mumbai, Maharashtra.
Round 2 is an American manufacturing company which produces scale models including die-cast, plastic, slot cars, and other hobby products. The company is based in South Bend, Indiana. The company was founded in 2005 by Thomas E. Lowe who previously owned toy company Playing Mantis. Round 2 holds several hobby brands, most of which were acquired and relaunched by Round 2 under the original brand name. Brands sold under Round 2 includes long-running model kit and diecast brands, including AMT, Hawk, Johnny Lightning, MPC, and Racing Champions.
Duesenberg Coupé Simone is a fictional coupé luxury car allegedly branded by Duesenberg in the late 1930s. It first emerged in 1997, when the magazine Automobile ran a feature story about a unique "lost" Duesenberg car found in a barn, while admitting at the end that the car and the related backstory were made up. In 1998, a 1:24 scale model of the purported car was produced by The Franklin Mint, which was followed by a special edition model in 2008, called the Midnight Ghost. According to the backstory, the car was commissioned by the wealthy Frenchman Gui de LaRouche, who had named the car Simone after his mistress. The car was planned to debut at the 1939 New York World's Fair, but failed due to World War II and was eventually lost.
Over its long and celebrated history, The Franklin Mint continues to touch millions of consumers and collectors with a breadth of products ranging from coins and figurines to die cast vehicles and games.