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Royal Canadian Mint Achieves Record Numismatic Revenue

May 6, 2013 in Canadian Coins, Coins, Collecting, Commemorative, Gold, Gold Coins, Numismatica, Numismatics, Silver, Silver Coins

May 6, 2013 By Michael Zielinski (http://news.coinupdate.com)

The Royal Canadian Mint recorded revenue of $2.6 billion and pre-tax profits of $40.7 million for 2012. Both figures represented declines from the prior year, when revenue was $3.2 billion and pre-tax profits were $43.8 million. The highlight for 2012 was the numismatic segment which saw revenue surge by 56% to a record $145.1 million.

Ian E. Bennett, President and CEO of the Royal Canadian Mint, said, “In 2012, our ongoing efforts to innovate and diversify contributed to the Mint’s success with highest-ever numismatic sales and the launch of new products, such as our new Canadian Silver Reserves Exchange Traded Receipt. Our employees continue to surpass customer expectations while we remain at the forefront of new technologies and vision to be the best Mint in the world.”

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