Tower Mint
A London-based private mint producing commemorative coins, medals, and tokens.
Last updated August 24, 2026
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Overview
Tower Mint is a private British mint headquartered in London. It was established in 1976 by the sculptor and coin designer Raphael Maklouf, whose work includes the effigy of Queen Elizabeth II used on many Commonwealth coins from 1985 to 1997. The company operates in the specialist minting and numismatic sector rather than as the United Kingdom's sovereign circulation-coin producer. Its documented output includes commemorative coins, medals, and tokens made for institutional, commercial, and collecting purposes. The mint is notable for its London base and has been described as one of the leading private mints in the United Kingdom, as well as the last remaining mint in London. Its business model is associated with commissioned and commemorative production, where design, sculptural modelling, striking, finishing, and limited-edition presentation are central to the value proposition. Such work serves organizations seeking physical products for anniversaries, celebrations, awards, cultural programs, and collectors seeking non-circulating numismatic issues. A major institutional development occurred on 1 April 2017, when Tower Mint became the official minter of Isle of Man coinage. This appointment expanded the importance of the company beyond private commissions by connecting it with the production of an issuing authority's coinage. The available reference material does not specify the full range, duration, or individual designs of that mandate. Publicly available information in the supplied references is limited. It does not establish a detailed corporate ownership structure, financial profile, current executive roster, standalone website, or a complete catalogue of products. Accordingly, Tower Mint is best characterized as an active specialist mint with British roots, an international client orientation, and particular relevance to commemorative and official coin production.
History
Tower Mint was founded in London in 1976 by Raphael Maklouf, a sculptor and coin designer whose work became closely associated with Commonwealth numismatics. Maklouf is particularly known for designing the effigy of Queen Elizabeth II that appeared on many Commonwealth coins between 1985 and 1997. His background gave the new enterprise a strong connection to sculptural modelling, portraiture, and the artistic side of coin production. The company developed as a private mint rather than as the United Kingdom's sovereign circulation-coin authority. Its documented activities include the production of commemorative coins, medals, and tokens. These categories serve collecting, ceremonial, institutional, and promotional purposes, and distinguish Tower Mint from a national mint whose principal responsibility is the manufacture of circulating currency. The available references characterize Tower Mint as one of the leading private mints in the United Kingdom and identify it as the last remaining mint in London. Tower Mint's work is therefore situated between industrial manufacturing and specialist design services. A typical project may involve the development or adaptation of artwork, preparation of dies, striking or related production processes, and finishing suitable for commemorative or collectible objects. The supplied material does not provide enough detail to document specific product series, production volumes, customer lists, retail channels, or the company's ownership and management structure. On 1 April 2017, Tower Mint became the official minter of Isle of Man coinage. This appointment was an important step in the company's history because it connected a London private mint with the coinage program of a recognized issuing authority. The reference does not identify the precise scope of the appointment, its later status, or individual Isle of Man issues, so those details are not stated here. The available public record supports describing Tower Mint as an active specialist mint with a British base and international reach. Beyond its founding, its association with Maklouf, its London identity, its commemorative and medal production, and the Isle of Man appointment, the supplied sources do not establish additional dated corporate milestones.
- 2017
Official minter appointment for Isle of Man coinage
[1]On 1 April 2017, Tower Mint became the official minter of Isle of Man coinage.
- 1985
Maklouf effigy enters Commonwealth coinage
[1]The Queen Elizabeth II effigy designed by Raphael Maklouf began appearing on many Commonwealth coins; it remained in use across relevant issues through 1997.
- 1976
Tower Mint founded in London
[1]Raphael Maklouf established Tower Mint as a private mint in London.
Products and positioning
Specialist, design-led private minting for commemorative, institutional, and official coinage projects.
Coins
Commemorative coins
Non-circulating or commemorative coinage produced for special events, anniversaries, institutions, or collecting programs. The supplied references identify commemorative coins as a core part of Tower Mint's private-mint output but do not provide a complete catalogue of individual issues.
Numismatic products
Medals
Medals made for commemorative, ceremonial, institutional, or collecting purposes. This line reflects the mint's design-led and sculptural capabilities, although the available references do not specify particular medal programs or series.
Numismatic products
Tokens
Tokens produced for private, promotional, commemorative, or institutional use rather than as standard sovereign circulation currency. No specific token collections are identified in the supplied reference material.
Official coinage · 2017
Isle of Man coinage
Coinage issued for the Isle of Man and minted by Tower Mint under its appointment as official minter from 1 April 2017. The available source does not specify the individual denominations, designs, or complete duration of this role.
Brand decisions
2017
Accepted the Isle of Man official-minter appointmentStrategyBackground
Tower Mint's established private minting and commemorative-production business was followed by an official appointment connected to Isle of Man coinage.
Action taken
From 1 April 2017, Tower Mint became the official minter of Isle of Man coinage.
Aftermath
The appointment broadened the company's documented role from private and commemorative production to the minting of coinage for an issuing authority. Further operational or financial consequences are not specified in the supplied source.
Recent events
- 2017
Tower Mint became the official minter of Isle of Man coinage[1]
Other
On 1 April 2017, Tower Mint assumed the role of official minter for Isle of Man coinage, marking a significant institutional appointment for the London-based private mint.
Sources1 sources
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