New Owner for Osborne Coinage

Royal United Mint (RUM), the parent company of the Royal Dutch Mint and the Belgian Mauquoy Token Company, has acquired Osborne Coinage Co, based in Cincinnati, Ohio and the oldest private mint in the US. According to RUM, the acquisition will establish its presence in the US, making it the world leader in the production of base metal tokens and coins.

Osborne Coinage has been owned by the Stegman family for the past 75 years and employs 60 people. It produces a wide variety of custom coins for applications such as awards, gift certificates, sporting events and souvenirs. In addition, it produces blanks in base metals as well as commemorative and circulation coins in baes and precious metals.

Andre McCaster, who has been in charge of Osborne Coinage for two years, will continue to manage the company and becomes joint shareholder in the transaction.

Osborne Coinage, the Royal Dutch Mint and Mauquoy Token Company make virtually the same products, albeit with different production methods, techniques and capabilities. This acquisition, says RUM, will facilitate knowledge sharing, an expansion of the product range, as well as efficiency gains in production, sales and logistics.

The short term ambition is to converge the success formulae across all three companies. In the long term, Osborne Coinage will relocate to a modern building with an optimised production flow, following the example of the Royal Dutch Mint which moved to a more spacious, energy-efficient, highly secured and ultra-modern building in 2020.

Osborne Coinage will also follow the example of the Royal Dutch Mint in keeping its autonomy. Hence, for customers and other stakeholders little will change. The product range and production capacity will expand, however, and customers and suppliers will therefore have more opportunity to work with the group of companies.

In addition to its ownership of the Royal Dutch Mint, Mauquoy and, now, Osborne Coingage, RUM’s portfolio includes National Tokens (an operator of souvenir coin machines), Vistamint (a webshop with custom tokens for the B2C market), Dutch Value Logistics (storage and value products), and Tool & Dies (a manufacturer of tools for the metal processing industry).