How Are Mints Planning for the Future?

In an era when physical cash is increasingly challenged by digital payments and the demand for circulating coins is shrinking in many countries, mints around the world are being compelled to rethink their business models. The decline in the traditional coinage business has resulted in many mints diversifying and finding new sources of revenue and roles beyond sheer volume production of circulating coins.

Here we provide examples of five mints (UK, Canada, France, Korea, and Poland) that have taken different approaches to the challenges of a future with fewer coins. All bar the Mint of Poland are stateowned (as are virtually all sovereign mints around the world), but as these examples show, state ownership is no guarantee of future success and security and the challenges are faced by private and state mints alike.