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Royal Australian Mint
The Royal Australian Mint is situated in the Australian federal capital city of Canberra, in the suburb of Deakin.
Before the opening of the mint, Australian coins were struck at branches of the Royal Mint - the Sydney Mint, Melbourne Mint and Perth Mint. The Royal Australian Mint holds a place in history as the first mint in Australia not to be a branch of the Royal Mint in London. The only other operational mint in Australia is the Perth Mint.
Planning for the mint started in 1959 when it was proposed to move the Royal Mint branch Melbourne to Canberra. It was officially opened by the Duke of Edinburgh on 22 February 1965 coinciding with decimal coinage, which was introduced into circulation on 14 February 1966. The new mint and the Melbourne mint operated concurrently as the new coinage was produced. When the initial demand for decimal coinage was satisfied, the Melbourne mint was closed. Some staff from the Melbourne mint relocated to Canberra to operate the new mint. The new mint cost $5 million to build, with an additional $4 million for equipment.
The mint consists of two buildings, an administration building and a process building. The administration building houses the engravers, a laboratory, and a vibration-free basement where coinage is measured to ensure correct size and weight.
During 1984-1986 renovations were carried out to support the increasing demand for the production of collector coins, and also to improve the visitor facilities. Visitors can mint their own legal tender coin using visitor presses.
The mint serves primarily to manufacture Australia's legal tender precious metal coins. Notes are produced by Note Printing Australia in Melbourne. The mint also produces medals for military and civilian honours, most notably the Order of Australia. The mint produced medals for the 2000 Summer Olympics in conjunction with the Perth Mint. The Royal Australian Mint also produces tokens made for commercial organisations such as casinos, car washes etc.
Since its opening, the mint has produced over eleven billion circulating coins and has the capacity to produce over two million coins per day, or over seven hundred million coins per year. Coins have also been struck for several Asian and South Pacific nations, including New Zealand (in 1969), Papua New Guinea, Tonga, Western Samoa, the Cook Islands, Fiji, Malaysia, Thailand, Nepal, Bangladesh, Israel, Philippines
In November 2001, the mint issued the world's first coin with a double hologram, to commemorate the centenary of Australian federation. The mint also creates bi-metallic coins, and colour printed coins.
On 11 December 2005 the Joint Standing Committee on Public Works tabled a report recommending the refurbishment of the Royal Australian Mint with a projected cost of A $41.2 million. Work was planned to commence in October 2006 with completion dates of June 2008 for the process building, and April 2009 for the administration building. The refurbishment also planned to introduce industrial robots to the manufacturing process. The work was completed in 2009 and is now open to the public.
The Royal Australian Mint is a prescribed agency within the Commonwealth Government portfolio of the Treasury and is the sole supplier of Australia's circulating coinage.
The passing of the Commonwealth of Australia Constitution Act empowered the Government to make laws with respect to currency, coinage and legal tender. The Coinage Act 1909 put in place the first steps for an Australian coinage. Thus began the journey towards a mint owned by the Commonwealth and independence from the branches of the Royal Mint.
The establishment of the Royal Australian Mint at its final site in Canberra followed propositions to place it near to the present National Library and on Camp Hill, between the Old Parliament House and Capital Hill. The Commonwealth Government approved the construction of the Mint in 1962 and construction commenced in 1963 on a site in the Canberra suburb of Deakin.
His Royal Highness, Prince Philip, opened the Royal Australian Mint on 22 February 1965.
The first task of the Mint was to produce new coins for the introduction of decimal currency on 14 February 1966. Since then it has produced more than thirteen billion circulating coins. It now has capacity to produce two million coins per day.
The demand for proof and uncirculated versions of those original decimal coins has been followed by expansion of the Mint's collector coins into a high quality, innovative business. The Royal Australian Mint became the first Mint in the World to achieve accreditation to International Quality Standards ISO 9002. That emphasis on quality systems, innovative technology and research and development is continuing today.
As well as the Mint's functions to produce Australia's coinage, it produces coins for other countries, along with medals, medallions, tokens and seals for private clients, both national and international.
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