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My first stamps and a moral question.
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<p>[QUOTE="Dafydd, post: 26407660, member: 86815"]Yes a cute way to get you to part with your money and it is a fancier form of bullion but a bit more advanced and interesting than the usual rounds or bars! I still call them medallions. The Royal Mint is two hours from me and I know people who work there. A friend of mine was the Master of the Mint who organized much of their move from London. Sadly Joe died a few years ago but he used to tell me some fascinating stories about their operations. </p><p>They have a full time marketing department coming up with ideas from everything from Star Wars to Rock Stars. If there is any conceivable interest that they can use to sell something they do. They also now retail collectors antique coins with the strap line "buy from the original makers". They are similar to the US Mint churning out year sets with "limited editions" of only 500,000 sets! My late father bought a lot of year sets in the 1970's and 1980's mainly for interest but also for investment and when it came to realise them they were worth around 20% of what he originally paid 40 years previously. Not the greatest of investments and shame he didn't spend the same money on old coins.</p><p>As a government organisation they are probably the only government funded organisation that can offer a return to tax payers as they certainly know how to make money in both respects. Their revenue last year was $1.9 billion US but this is dropping as they stopped making foreign currency in consideration of the global decline in the use of cash. </p><p>That's a whole different debate.[/QUOTE]</p><p><br /></p>
[QUOTE="Dafydd, post: 26407660, member: 86815"]Yes a cute way to get you to part with your money and it is a fancier form of bullion but a bit more advanced and interesting than the usual rounds or bars! I still call them medallions. The Royal Mint is two hours from me and I know people who work there. A friend of mine was the Master of the Mint who organized much of their move from London. Sadly Joe died a few years ago but he used to tell me some fascinating stories about their operations. They have a full time marketing department coming up with ideas from everything from Star Wars to Rock Stars. If there is any conceivable interest that they can use to sell something they do. They also now retail collectors antique coins with the strap line "buy from the original makers". They are similar to the US Mint churning out year sets with "limited editions" of only 500,000 sets! My late father bought a lot of year sets in the 1970's and 1980's mainly for interest but also for investment and when it came to realise them they were worth around 20% of what he originally paid 40 years previously. Not the greatest of investments and shame he didn't spend the same money on old coins. As a government organisation they are probably the only government funded organisation that can offer a return to tax payers as they certainly know how to make money in both respects. Their revenue last year was $1.9 billion US but this is dropping as they stopped making foreign currency in consideration of the global decline in the use of cash. That's a whole different debate.[/QUOTE]
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