Finland strikes coins for Denmark
By Kerry Rodgers Starting in 2017, the Mint of Finland will begin striking Denmark’s coins. In 2014 Danmarks Nationalbank decided to outsource production of all the country’s bank notes and…
By Kerry Rodgers
Starting in 2017, the Mint of Finland will begin striking Denmark’s coins.
In 2014 Danmarks Nationalbank decided to outsource production of all the country’s bank notes and coins.
The reasons given were production costs and an anticipated decrease in the demand for coins and bank notes. The tender for coins was put out in mid-December 2015.
The Mint of Finland won the contact on the grounds of being most economical as well as offering the highest quality and greatest security. The contract is for four years.
For Den Kongelige Mønt [The Royal Mint of Denmark] this is an historic change.
The institution dates back to the early 16th century. For well over 500 years it has been the only company allowed to mint Danish coinage.
Since 1975 the mint has been under the control of Danmarks Nationalbank.
The tender for bank notes is yet to be let.
This article was originally printed in World Coin News.
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