The Authorities-owned coin-maker revealed it swung to a £12.4 million pre-tax revenue within the yr to March 31, towards losses of £200,000 the earlier yr as traders piled into valuable metals amid the pandemic.
The mint mentioned its client division notched up a document efficiency, with earnings hovering to £12.7 million from £1.1 million in 2019-20 after revenues almost doubled to £1.1 billion.
The 1,100-year-old group, which makes cash for the UK and international locations worldwide and in addition presents funding merchandise, mentioned gross sales of gold and silver doubled whereas demand for its new digital financial savings platforms jumped.
As spending habits change, we got down to reinvent the Royal Mint and safe our long-term future as a British maker
These had been common with millennial traders specifically, with a 430% enhance in these investing in its on-line DigiGold platform as commodity costs raced increased.
Investors flocked to protected haven belongings reminiscent of gold because the pandemic struck and inventory markets tumbled.
The Royal Mint, which relies outdoors Cardiff mentioned it attracted greater than 25,000 new clients over the yr, profiting from the growth in demand to develop its market share.
It additionally thanked robust gross sales of its historic cash and unique items, with a preferred tradition collection that includes music superstars David Bowie and Sir Elton John resulting in document worldwide gross sales, significantly within the US and Asia.
Others in excessive demand included a restricted version, 9.5kg gold coin marking the Queen’s ninety fifth birthday and a Nice Engravers collection, which bought out in half an hour.
Royal Mint chief government Anne Jessopp mentioned: “As spending habits change, we got down to reinvent the Royal Mint and safe our long-term future as a British maker.
“By purposefully increasing into areas which counterpoint our heritage, we now have been capable of entice hundreds of consumers to valuable metals, showcase British craftsmanship and obtain document revenues.
“We is perhaps 1,100 years outdated, however we’re firmly targeted on the long run.”