The Kremnica Mint is one of the oldest mints in the world. It was established in 1328 by the King Charles Robert of Anjou, situated in Kremnica, Slovakia.
History
Kremnica Mint was established in 1328 when Kremnica was promoted to a free royal town by the Hungarian King Charles Robert of Anjou; the mint issued several kinds of coins early on, of which the most successful was its ducat. Kremnica ducats were well known because of their good quality and were considered the hardest currency in Central Europe. Available historical records report that 21.5 million ducats were minted at the Kremnica Mint throughout its history. The aggregate value of this amount, measured at today's prices of gold, would be three billion US dollars (exclusive of the numismatic value).[1] The mint became very outdated by the beginning of the 20th century, and many called for new equipment and for the mint to be moved to Budapest. However, this did not happen until the end of World War I. As the Czecho-Slovak troops invaded Northern Hungary (current day Slovakia), the Károlyi government ordered to move the equipment and noble metal stock to Budapest. The Hungarian Government started to mint the first coins with the faulty machines and worn-out dies in Csepel. Even coins minted in 1922 bore the KB mint mark.