Author Topic: Royal Mint of Belgium to close  (Read 654 times)

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Online eurocoin

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Royal Mint of Belgium to close
« on: October 08, 2016, 08:08:42 AM »
As I earlier reported here (as a prime :) ), the Ministry of Finance of Belgium is considering what to do with the Royal Mint of Belgium. Yesterday the Belgian newspaper 'De Tijd' reported that there is now a specific proposal from Minister of Finance Johan Van Overtveldt to close the mint from 2018. Earlier the Belgian treasury already announced that they are going to close their banknote printer in 2020.
« Last Edit: October 08, 2016, 09:32:25 PM by eurocoin »

Offline Pabitra

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Re: Royal Mint of Belgium to close
« Reply #1 on: October 08, 2016, 03:16:53 PM »
Which mints have closed down all over the world, in last few years?
I can count Sweden and Denmark so far.
Earlier, Nigeria, Sudan and Zimbabwe had closed down.

Online eurocoin

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Re: Royal Mint of Belgium to close
« Reply #2 on: October 08, 2016, 03:30:04 PM »
Which mints have closed down all over the world, in last few years?
I can count Sweden and Denmark so far.
Earlier, Nigeria, Sudan and Zimbabwe had closed down.

European Central Mint closed down too, not a national mint though.
Yes Sweden and Denmark. Norway is also on the verge of bankruptcy.

Offline chrisild

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Re: Royal Mint of Belgium to close
« Reply #3 on: October 22, 2016, 05:43:56 PM »
Strictly speaking the "European Central Mint" did not close down but was closed down ;) because their activities were not exactly legal to put it extremely mildly. - In terms of legit mints, the one in Malta closed in 1995 ...

Christian

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Re: Royal Mint of Belgium to close
« Reply #4 on: October 23, 2016, 09:30:12 AM »
Strictly speaking the "European Central Mint" did not close down but was closed down ;) because their activities were not exactly legal to put it extremely mildly.

I know that story all too well  :) I am looking forward to the legal case against the main suspects (incl. the mintmaster). Mintmaster Patrick O. has one of the best and most expensive lawyers in the Netherlands (Jan-Hein Kuijpers). I think however that it will take the Public Prosecution Service at least until the end of next year or maybe even until 2018 to end the investigation.

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Re: Royal Mint of Belgium to close
« Reply #5 on: April 05, 2017, 09:19:42 PM »
Although no official decision has been taken yet about the closure of the mint, that decision only seems to be a formality. It is clear that the mint will be closed. The staff has conversations this month about a new job.

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Re: Royal Mint of Belgium to close
« Reply #6 on: May 15, 2017, 01:09:39 PM »
A very small part of the mint will remain open, this consists of the in-house assay office and Royal Mint of Belgium will remain the point of contact of the European Central Bank if things have to be discussed concerning Belgian coins.

There were rumours that also the production of collectors coins will remain at Royal Mint of Belgium although that is unclear.

The Belgian government already tried to close the Belgian mint in 2010, though it turned out that the plans were not to the liking of HRH King Albert of Belgium.

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Re: Royal Mint of Belgium to close
« Reply #7 on: June 08, 2017, 11:40:42 AM »
For way too long there hasn't been any news on this, so I decided to get in touch with my contact at the Royal Mint of Belgium. Below a sketch of the situation.

1. The Royal Mint of Belgium will be sold by the Belgian government. Exempt from sale are the building (which is not owned by RMB), the laboratory and the assay office. These last 2 will remain part of the Belgian government and will move to a different location before January 1, 2018. Staff is not part of the deal either. Most of the employees will receive a different job at the Belgian government.

2. Although no official decision has been taken yet on this, it is very unlikely that the design of Belgian coins (more specific: Luc Luyckx' office) will also stay part of the Belgian government. Likely the design of Belgian coins will become part of the tender. If it is being decided that coin design does stay a task of the Belgian government, of course this will also move to a different location like the laboratory and assay office.

3. The minting of all Belgian coins will be put up for tender.

4. Van Herzele will stay director of the assay office and laboratory (and possibly coin design). Possibly that part will also remain the Belgian point of contact of the ECB concerning coins, although that remains unknown.

Now the scenario that I think is most likely: Groep Heylen buys Royal Mint of Belgium, not because of the presses but only because of the trade name, which people know and trust. Then the Royal Dutch Mint (part of Groep Heylen) will win the tender for the coin production. Royal Dutch Mint will sell Belgian collectors coins and sets to Belgian collectors via the website of the Royal Mint of Belgium and through a distribution network of Dutch coin dealers that have offices in Belgium. They already have 1 such contract with Goudwisselkantoor. Furthermore they will of course sell wholesale to coin dealers.


Offline chrisild

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Re: Royal Mint of Belgium to close
« Reply #8 on: June 09, 2017, 04:55:13 PM »
Just today I came across an interview with Luycx. The teaser made me curious, also because I thought the subject of the MRB/KMB might be addressed. Nah, the questions and answers (German) were disappointedly boring. ;)

Christian