Page 15 - Bullion World Volume 3 Issue 3 March 2023

Bullion World | Volume 3 | Issue 3 | March 2023

2. UK - Royal Mint: Royal Mint in 2022 celebrated 70 years of Coin manufacturing.
The royal mint designed and manufactured a 15kg coin to commemorate the late
queen Elizabeth to mark her 70 years of service. The Royal mint strives for the
craftsmanship of its coins and has initiated the process to minimize its carbon footprint.
The mint has opened a new plant which will recover precious metals from electronic
waste through which the mint can act more sustainably and provide a new source of
raw materials for its use in end products. The first example of this is seen in their jewellery and lifestyle range.

3. BANK OF GREECE –
Greece's Gold Reserves were reported at $ 6.704 billion in Dec 2022. The Bank of Greece
sells gold sovereigns at its Head Office (Athens) and across its branches. The Bank of
Greece purchases gold sovereigns, gold coins, and standardised bullion gold bars only at
its Head Office (and not at its branches).

The first coin is called the Artemis coin with a denomination
of 100 euros and is made of 99.9% gold. The maximum
issue size is 1,200 pieces. The next type of coin is called
Delos which symbolizes the cultural heritage of Greece
and comes with the denomination of 50 euros which is also
made of 99.9% gold. The third type of coin is called Euclid ,
which symbolizes the mathematicians of the Greek culture and has a denomination of 10 euros, this coin is made of
92.5% silver and has a maximum issue of 1500 pieces.

4. THE ITALIAN MINT-
The Central Bank's gold reserves stand at 2,452 tonnes, mostly in the form of bars (there are
95,493 of them) with a small portion of coins. The modern Italian Mint was founded in 1928
and is located in Rome. The mint produces coins, passports, and postage stamps for Italy, the
Vatican, San Marino, and Malta. The mint also acts as a contract mint producing coinage for a
number of foreign countries.

Most of the Italian coins are minted in Rome. The Italian mint has decided to make specific
gold and silver coins for the famous Giorgio Armani brand and bullion coins for endangered
animals. A five-euro silver coin for Italy’s food and wine culture is also being introduced.

A re-edition of the lira series which had a denomination
of 2 and 5 euros was also introduced. To mark the 100th
birth of Italo Calvino the Italian mint introduced a 5 Euro
silver coin. A coin was also commemorated for the history of the Olympic Games
which was held in Italy and the mint decided to keep the denomination to 20
Euros.

5. China Great Wall Coins Investment Ltd.,
Established in 1988, the company is the sole overseas distributor of coin programs issued by
the People Bank of China (PBC). Besides Chinese coins, it also distributes medals and other
commemoratives, undertakes the Minting and processing of coins, medals, and ornaments of
precious metals, by using China mints’ most advanced technologies.

With its centre of operation in Hong Kong, the China Great
Wall Coins Investments Limited works closely with its partners
in major countries and worldwide earning a formidable
reputation in the global coin market. Some of the coins introduced are for the
traditional cultures of China, like the Chinese New Year and the Lantern festival.

The mint has launched a total of 62 coins, of which, 30 made of Gold, 29 made of
silver and the remaining are platinum coins.

The main aim of this organisation is to provide good quality coins for its consumers. A new coin was introduced by
the name “Rui” which in Chinese means “As you wish”. These coins are generally made up of Gold. Cursive script-

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