Kongsberg is home to the Royal Norwegian Mint (), which mints Norwegian coins and also produces circulating and collectors' coins for other countries such as Israel. It was established in 1686, and was renamed from the "Royal Norwegian Mint" () in 2004 after having been sold to private investors (the Mint of Finland and Norwegian company Samlerhuset) in 2003. Kongsberg is also the site of the Kongsberg School of Mines ("Kongsberg Bergseminar"), an academic institution for mining technology which operated from 1757 to 1814.