Tower Mint

Last updated

Tower Mint Limited
Company type Private company
Industry Coin and medal production
FoundedAD 1976;48 years ago (1976)
Founder Raphael Maklouf
Headquarters,
Area served
United Kingdom & British Overseas Territories
Products
  • Coins
  • Medals
  • Bullion
Website www.towermint.co.uk

Tower Mint was founded in 1976 by acclaimed sculptor Raphael Maklouf (famous for his effigy of Queen Elizabeth II featured on many Commonwealth coins between 1985 and 1997) and has become one of the leading private mints in the UK and the last remaining mint in London.[ citation needed ]

On 1 April, 2017, Tower Mint became the official minter of Isle of Man coinage. [1]

Related Research Articles

<span class="mw-page-title-main">Coins of the pound sterling</span> British current and historic coinage

The standard circulating coinage of the United Kingdom, British Crown Dependencies and British Overseas Territories is denominated in pennies and pounds sterling, and ranges in value from one penny sterling to two pounds. Since decimalisation, on 15 February 1971, the pound has been divided into 100 (new) pence. Before decimalisation, twelve pence made a shilling, and twenty shillings made a pound.

<span class="mw-page-title-main">Penny</span> Unit of currency in various countries

A penny is a coin or a unit of currency in various countries. Borrowed from the Carolingian denarius, it is usually the smallest denomination within a currency system. Presently, it is the formal name of the British penny (abbr. p) and the de facto name of the American one-cent coin (abbr. ¢) as well as the informal Irish designation of the 1 cent euro coin (abbr. c). Due to inflation, pennies have lost virtually all their purchasing power and are often viewed as an expensive burden to merchants, banks, government mints and the public in general.

<span class="mw-page-title-main">One pound coin</span> British coin, denomination of the pound sterling

The British one pound (£1) coin is a denomination of sterling coinage. Its obverse bears the Latin engraving ELIZABETH II D G REG F D meaning, 'Elizabeth II, by the grace of God, Queen, Defender of the Faith'. It has featured the profile of Queen Elizabeth II since the original coin's introduction on 21 April 1983. Four different portraits of the Queen have been used, with the latest design by Jody Clark being introduced in 2015. The design on the reverse side of the current, 12-sided coin features four emblems to represent each of the nations of the United Kingdom — the English rose, the leek for Wales, the Scottish thistle, and the shamrock for Northern Ireland, also two or three oak leaves — emerging from a single 5-branched stem within a crown. In May 2022 the Royal Mint announced that the Kenyan-born artist Michael Armitage is designing a new £1 coin which will be issued in 2023 and will celebrate the "history of the UK in the 21st century".

<span class="mw-page-title-main">Danish krone</span> Official currency of Denmark, Greenland and the Faroe Islands

The krone is the official currency of Denmark, Greenland, and the Faroe Islands, introduced on 1 January 1875. Both the ISO code "DKK" and currency sign "kr." are in common use; the former precedes the value, the latter in some contexts follows it. The currency is sometimes referred to as the Danish crown in English, since krone literally means crown. Historically, krone coins have been minted in Denmark since the 17th century.

<span class="mw-page-title-main">Pennyweight</span> Unit of mass

A pennyweight (dwt) is a unit of mass equal to 24 grains, 120 of a troy ounce, 1240 of a troy pound, approximately 0.054857 avoirdupois ounce and exactly 1.55517384 grams. It is abbreviated dwt, d standing for denarius –, and later used as the symbol of an old British penny.

<span class="mw-page-title-main">Royal Mint</span> Government-owned mint that produces coins for the United Kingdom

The Royal Mint is the United Kingdom's official maker of British coins. It is currently located in Llantrisant, Wales, where it moved in 1968.

<span class="mw-page-title-main">Royal Canadian Mint</span> Crown corporation that produces Canadian coins

The Royal Canadian Mint is the mint of Canada and a Crown corporation, operating under the Royal Canadian Mint Act. The shares of the Mint are held in trust for the Crown in right of Canada.

The Freedom Tower Silver Dollar is a "one dollar" coin minted under license of the Commonwealth of the Northern Mariana Islands (CNMI) in 2004, although the CNMI does not have legal authority to issue or authorize currency. Despite vague statements in advertisements, it is not issued by the United States Mint and is not considered legal tender, nor is it considered non-circulating legal tender. The CNMI receives royalty fees from proceeds of the sale of the coin. The coin is actually minted by SoftSky, a Wyoming commemorative coin maker.

The pound is the currency of the Isle of Man, at parity with sterling. The Manx pound is divided into 100 pence. Notes and coins, denominated in pounds and pence, are issued by the Isle of Man Government.

The official coinage of the Isle of Man are denominated in Manx pounds. From 1971 to 2016, coins of the Isle of Man were minted by Pobjoy Mint Limited. Since 2017, coins of the Isle of Man have been minted by the Tower Mint.

<span class="mw-page-title-main">Noble (Manx coin)</span>

The Manx Noble are platinum, gold or silver bullion coins distributed by the Isle of Man and minted by private companies. While platinum coins have been minted since the early 1800s, the Noble is the first platinum coin created for investors. The coins are not minted every year, but have an erratic schedule. Nobles are legal tender but they do not have a fixed face value; instead, like the Krugerrand or Mexico's Libertad, they are legal tender to the value of their precious metal content.

<span class="mw-page-title-main">Christopher Ironside</span> English painter and coin designer

Christopher Ironside OBE, FRBS was an English painter and coin designer, particularly known for the reverse sides of the new British coins issued on decimalisation in 1971.

In 1972, the government of the Isle of Man, signed a long-term contract with the Pobjoy Mint of Tadworth, Surrey, England, to mint coins for the state. They have produced commemorative coinage.

British Pobjoy Mint was a privately held company-sector mint located in Surrey, England, which produces commemorative coins, medal, tokens and bullion. The mint also manufacturers circulating currency for some British Overseas Territories and sovereign countries including Sierra Leone and Vanuatu.

<span class="mw-page-title-main">St Patrick halfpenny</span>

The St Patrick halfpenny was a milled coin minted in the 17th century in England, Ireland and Wales. The reverse design shows King David kneeling playing a harp while gazing up at the royal crown of England. One peculiarity of the harp is that it bears a semi-nude winged female figure on the pillar, a feature which became common on English coins beginning in the second quarter of the 17th century. The legend on the obverse reads FLOREAT REX.

The one hundred pound coin (£100) is a commemorative denomination of sterling coinage. Issued for the first time by the Royal Mint in 2015 and sold at face value, £100 coins hold legal tender status but are intended as collectors' items and are not found in general circulation. As of 1 November 2021, the silver content of each coin was worth about £35.

<span class="mw-page-title-main">The Albert Tower</span> Historic monument

The Albert Tower on the Isle of Man is a historic monument which is one of Isle of Man's Registered Buildings. It was registered on 27 January 2003 as number 214.

<span class="mw-page-title-main">Angel (Manx coin)</span> Coin

Manx Angels are gold or silver bullion coins distributed by the Isle of Man and minted by private companies. The Isle of Man is not part of the United Kingdom. It is a Crown dependency and thus can mint its own coins. The coin depicts Archangel Michael slaying a dragon. The silver coins have not been minted every year, but have an erratic schedule. Angels are legal tender but they do not have a fixed face value; instead, like the Krugerrand or Mexico's Libertad, they are legal tender to the value of their precious metal content.

References

  1. Alexander, Michael. "Isle of Man and the Tower Mint: First-strike ceremony for a new coin and a new relationship". Coin Update. Whitman Publishing . Retrieved 22 June 2022.