Royal Mint was historically part of a series of mints that became centralised to produce coins for the Kingdom of England, all of Great Britain and eventually most of the British Empire. The original London mint from which the Royal Mint is the successor, was established in 886 AD and operated within the Tower of London for approximately 800 years before moving to what is now called Royal Mint Court where it remained until the 1960s. As Britain followed the rest of the world in decimalising its currency, the Mint moved from London to a new plant in Llantrisant, Wales where it
Royal Mint the mint Andrew Stafford welcomed the decision stating that it would lead to further growth and secure the future of the business. On 31 December 2009, rather than being fully privatised, the mint ceased to be an executive agency and its assets vested in a limited company, "Royal Mint Ltd". The owner of the new company became The Royal Mint trading fund, which itself continued to be owned by HM Treasury. As its sole shareholder the mint pays an annual dividend of £4 million to treasury with the remaining profits being reinvested into the mint. In 2015 Chancellor of the