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 held within in a Royal Mint vault. Up to $1 billion worth of RMG is set to be issued by the mint. As the sole body responsible for minting legal tender coins in the United Kingdom under contract from HM Treasury, the mint produces all of the country's physical currency apart from banknotes which are printed by the Bank of England. On average it produces 2 billion pound sterling coins struck for general circulation every year with an estimated 28 billion pieces circulating altogether. Outside of the UK, the mint provides services to over 60 different countries including New Zealand