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The Koninklijke Nederlandse Munt (Royal Dutch Mint), seated in Utrecht
Utrecht (city)

Utrecht city and municipality is the capital and most populous city of the Netherlands province of Utrecht . It is located in the North-Eastern end of the Randstad, and is the fourth largest city of the Netherlands, with a population of 300,030....
, the Netherlands, is a company owned entirely by the Dutch State, and since 1807 the only Dutch entity allowed to strike and give out coins.

7 September 1806 - The Netherlands were under the rule of King Louis Napoleon
Louis Bonaparte

Louis Napol?on Bonaparte, Prince Fran?ais, King of Holland, Comte de Saint-Leu-la-For?t was the fifth surviving child and fourth surviving son of Carlo Buonaparte and Letizia Ramolino....
 - Louis Napoleon decided that the striking and giving out of coins should be taken care of nationally by a single body.






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The Koninklijke Nederlandse Munt (Royal Dutch Mint), seated in Utrecht
Utrecht (city)

Utrecht city and municipality is the capital and most populous city of the Netherlands province of Utrecht . It is located in the North-Eastern end of the Randstad, and is the fourth largest city of the Netherlands, with a population of 300,030....
, the Netherlands, is a company owned entirely by the Dutch State, and since 1807 the only Dutch entity allowed to strike and give out coins.

History

On 17 September 1806 - The Netherlands were under the rule of King Louis Napoleon
Louis Bonaparte

Louis Napol?on Bonaparte, Prince Fran?ais, King of Holland, Comte de Saint-Leu-la-For?t was the fifth surviving child and fourth surviving son of Carlo Buonaparte and Letizia Ramolino....
 - Louis Napoleon decided that the striking and giving out of coins should be taken care of nationally by a single body. This in contrast to the costoms in the Middle Ages
Middle Ages

File:Karl 1 mit papst gelasius gregor1 sacramentar v karl d kahlen.jpgThe Middle Ages of European history are a period in history which lasted for roughly a millennium, commonly dated from the fall of the Roman Empire in the 5th century to the beginning of the Early Modern Period in the 16th century, marked by the division of Western Christi...
, when every big trading city had its own mint and thus its own coins. This resulted in several coins circulating within the country, and a lot of bureaucracy.

Originally it was the intention to found the National Mint in the capital Amsterdam, but as there were not sufficient financial means available, it was decided to have the Mint seat in Utrecht. The Mint of the city Utrecht was best suited to be "promoted" to National Mint.

After Napoleon was defeated in 1813, and the Kingdom of the Netherlands was founded, with William I
William I of the Netherlands

William I Frederick, born Willem Frederik Prins van Oranje-Nassau , was a Prince of Orange and the first King of the Netherlands and Grand Duke of Luxembourg....
 as a King, the Mint was renamed to 's Rijks Munt. The country now known as Belgium was also part of this new kingdom, and a second Mint was located in Brussels
Brussels

Brussels , officially the Brussels Capital-Region, is the de facto capital city of the European Union and the largest urban area in Belgium....
. After Belgium achieved independence in 1839, 's Rijks Munt became the only mint in the Kingdom of the Netherlands. The provincial coins which were made before the unification of the Mint were still in circulation. Due to their relatively high intrinsic value, the "new" coins would only become popular later on. In 1849 the provincial coins were officially taken out of the circulation.

In 1901 the company was placed under supervision of the Ministry of Finance, and in 1912 the Mint officially became a company owned by the State. At the end of the German occupation during the Second World War, in 1944, coins were produced in the United States. This was necessary to make sure there would be sufficient currency available after the liberation.

In 1994 's Rijks Munt was renamed to De Nederlandse Munt NV
Naamloze Vennootschap

is the Dutch language term for a public limited liability corporation. The company is owned by shareholders, and the company's shares are not registered to certain owners, so that they may be traded on the public stock market....
. It became a company, of which 100% of the shares are owned by the Dutch State. The Queen gave the company the predicate Koninklijk (Royal) five years later, and the company was now allowed to call itself De Koninklijke Nederlandse Munt (The Royal Dutch Mint).

Production

Since 2002 the Royal Dutch Mint has been allowed to strike coins for foreign National Banks in the euro zone, and strikes coins for Latvia
Latvia

Latvia The Latvians are a Baltic peoples culturally related to the Estonians and Lithuanians, with the Latvian language having many similarities with Lithuanian language, but not with the Estonian language....
, Guatemala
Guatemala

Guatemala is a country in Central America bordered by Mexico to the north and west, the Pacific Ocean to the southwest, Belize and the Caribbean to the northeast, and Honduras and El Salvador to the southeast....
 and Honduras
Honduras

Honduras is a democratic republic in Central America. It was formerly known as Spanish Honduras to differentiate it from British Honduras ....
 as well. Futhermore, the Dutch Royal Mint produces memorial- and collection coins (sometimes an official coin, sometimes not) and royal medals.

The Royal Dutch Mint was also delegated the task of destroying the old guilders after their replacement by the euro in 2002.

Sources and references

  • (In Dutch)