Royal Australian Mint in 1967 the Melbourne mint was closed. Some staff from the Melbourne mint relocated to Canberra to operate the new mint. However it was not until the early 1980s that the RAM was able to sustain solitary production of the full set of circulating Australian coins, and so on several occasions in the 1960s and 1970s the RAM contracted production runs to the Perth Mint, the Royal Mint in both London and Llantrisant, and even on one occasion the Royal Canadian Mint. The mint consists of two buildings, an administration building, and a process building. The administration building houses the
Royal Mint Exchequer George Osborne announced a £20 billion privatisation drive to raise funds with the "Royal Mint" being up for sale alongside other institutions including the Met Office and Companies House. With its new found financial freedom the Mint begun diversifying their product range through expanding to offer items outside their usual coin-related merchandise. By the early 2000s the Mint was selling different types of jewellery, commemorative plates and figurines, eventually creating its own "Royal Mint Classics" range of collectable goods. This part of the business proved popular in attracting new customers however suffered from poor product development. Example of its