Royal Mint to the Royal Mint opening satellite branches of itself overseas. In Australia, the local Legislative Council petitioned the UK government to establish a branch of the Royal Mint in Sydney (Sydney Mint) after prospector Edward Hargraves discovered gold in Ophir, New South Wales in 1851. The petitioned gain royal assent in 1853 and plans were made by the Deputy Master of the Royal Mint in London to open the Royal Mint's first overseas branch within the colony. The Royal Mint's Superintendent of Coining travelled to Australia to oversee its establishment on Macquarie Street within the southern wing of Sydney Hospital
Royal Mint was used to produce limited edition coins. In 2015, after nearly 50 years, the mint began producing its own line of bullion bars and coins under its revived "Royal Mint Refinery" brand. Then in 2016, the mint announced plans for Royal Mint Gold (RMG), a digital gold currency that uses blockchain to trade and invest in gold. Operated by CME Group, the technology is to be created by technology companies AlphaPoint and BitGo. The system currency which was due to launch in 2017 will be on the gold standard, whereby one RMG token equates to 1 gram of physical gold