The Royal Mint, known for making coins in the UK, has teamed up with the Rare Coin Company of America (RARCOA) to sell its commemorative coins in the United States. This partnership aims to make it easier for American collectors to buy these special coins.
| Topic | Details |
|---|---|
| Partnership | The Royal Mint has signed an exclusive distribution deal with RARCOA for U.S. sales. |
| Start Date | The partnership was announced on June 7, 2024. |
| Growth in U.S. Customers | 118% increase in U.S. customers since 2022, with over 17,000 1-ounce silver coins sold. |
| Popular Collections | Coins featuring themes such as the Coronation, Harry Potter, Star Wars, and Britannia. |
| Royal Mint’s Director | Rebecca Morgan emphasized the appeal of British craftsmanship and cultural significance. |
| RARCOA Background | Founded in 1962 in Chicago, RARCOA is a major distributor of gold coins in the U.S. and beyond. |
| RARCOA President | Wayde Milas expressed excitement about the partnership and sharing British heritage. |
| Customer Growth | The Royal Mint’s commemorative coin division has gained over 400,000 new customers in three years. |
Exciting Growth in U.S. Customers
Since 2022, the Royal Mint has seen a huge increase in American customers—118% more! In just two years, over 17,000 people in the U.S. have bought 1-ounce silver commemorative coins. This shows a growing interest in these unique coins that celebrate important moments and famous cultural figures from Britain.
What Makes the Royal Mint Special?
Rebecca Morgan, who is the director of commemorative coins at the Royal Mint, explained that their coins celebrate everything from British royalty to popular culture icons like Harry Potter. She said, “All our coin collections are made in the UK, and British craftsmanship continues to have strong appeal internationally.”
Recently, coins celebrating events like the Coronation of King Charles III and themes from popular franchises like Star Wars and Liberty and Britannia have become especially popular among American collectors. With the new partnership with RARCOA, the Royal Mint hopes to continue this trend and reach even more collectors in the U.S.
About RARCOA
RARCOA is based in Chicago and has been in business since 1962. It is one of the largest companies in the U.S. that imports and distributes gold coins from all over the world. Wayde Milas, the president of RARCOA, expressed his excitement about this partnership. He said, “We’re thrilled to be working with Britain’s oldest company and the original maker of UK coins. We can’t wait to share this rich heritage with our customers across the U.S., Europe, and Asia.”
Growth in Commemorative Coin Sales
In the past three years, the Royal Mint’s commemorative coin division has gained over 400,000 new customers. This shows that more people are interested in collecting these special coins, which can be a fun way to connect with history and culture.
Conclusion
The partnership between the Royal Mint and RARCOA represents an exciting opportunity for collectors in the United States to explore and own a piece of British history. With a wide range of commemorative coins that celebrate important moments and popular culture, there’s something for every collector. This collaboration is expected to further increase the interest in Royal Mint coins, making them more accessible to fans in the U.S. and beyond. Whether you’re a seasoned collector or just starting, this new partnership brings a world of unique and collectible coins right to your doorstep.
FAQs
1. What is the Royal Mint?
The Royal Mint is the official coin manufacturer of the United Kingdom, producing coins and commemorative items that celebrate significant cultural and historical events.
2. What is RARCOA?
RARCOA stands for the Rare Coin Company of America, a Chicago-based company that has been in operation since 1962. They specialize in importing and distributing rare and gold coins across the U.S. and internationally.
3. Why did the Royal Mint partner with RARCOA?
The partnership aims to make it easier for U.S. collectors to access commemorative coins from the Royal Mint, which have seen increasing demand among American customers.
4. What types of coins will RARCOA distribute?
RARCOA will distribute a variety of commemorative coins from the Royal Mint, including those celebrating British royalty, popular culture icons like Harry Potter, and significant historical events.
5. How has the Royal Mint’s sales in the U.S. changed recently?
Since 2022, the Royal Mint has experienced a 118% increase in U.S. customers, selling over 17,000 1-ounce silver commemorative coins in the last two years.