login

Author Topic: Tower Mint no longer only producer of Gibraltar coins  (Read 50 times)

0 Members and 1 Guest are viewing this topic.

Online eurocoin

  • Thread engineer
  • Honorary Member
  • *****
  • Posts: 1 986
Tower Mint no longer only producer of Gibraltar coins
« on: November 11, 2017, 01:24:31 PM »
Last year Tower Mint's exclusive contract it had with the Government of Gibraltar for circulating coin minting expired. The company obtained the contract after it won a tender in 2011. The Government of Gibraltar has decided that it will no longer tender the circulating coin minting. Instead when they need coins to be minted they will ask (usually) UK mints for quotes and the company that offers best price and conditions gets the order.

Many collectors were happy with the news as it leaves the possibility open that other mints will again produce coins for Gibraltar. They are fed up with Tower Mint's bad quality coins and ugly designs.