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Facing the Challenges in Making the Change

The 2019 Coin Conference, which took place in Rome from 14-16 October 2019, attracted 185 people from 45 countries & 103 organisations, a record number of countries and organisations.  Perhaps this interest has been generated by the challenges and opportunities facing all involved in coins.

The conference had its usual rich mix of topics presented and discussed with the ever-fresh interest in new coin issues, public education and circulating commemoratives.  Some of the big topics attracting a number of presentations were:

  • The decline in coin issue
  • The challenge of recirculation
  • Getting the right denominational structure – the coin/note boundary and removing low denominations

With 32 presentations, not including the full day’s worth of pre-seminars and the tour of the Banca d’Italia’s print works and the Italian Mint, it is impossible to do more than touch on the value delivered during this conference.  There were presentations on the future of cash, forecasting, seignorage, the value mints add to the economy and much more.

Suffice to say the conference was a busy, happy and useful event, which passed in a flash.

The main programme was preceded by two workshops. One, convened and moderated by the MDC Customer Task Force for central banks, looked at optimising the efficiency of the coin cycle. The other covered the subject of making money with coins, in the context of circulating commemorative and collectors coins and how all the stakeholders – issuers, mints, retailers and dealers – can work together to ensure a healthy market.

The Coin Conference was also host to the presentation of the IACA Excellence in Currency Awards for Coins 2019.

And on the day after the conference, the Banca d’Italia hosted a tour of its printworks, and the Italian Mint (IPZS) of its new museum.

Currency News, the organisers of the Coin Conference, would like to thank all those involved for their support – the speakers, the delegates, among them the Royal Canadian Mint (gold platinum sponsor), the Royal Dutch Mint (gold sponsor), China Banknote Printing and Minting Corporation, Freiberger Eurometall, Jarden Zinc Products, MONEA, Monnaie de Paris and TAV Vacuum Furnaces.

The next Coin Conference will take place in the autumn of 2021.

The full text review can be found here.

This is my first time to attend such a conference, and the amount of information and experience I got cannot be described in words. All the best in your conferences and hope that I can attend more and more of your different conferences.

Central Bank of Oman

I found the conference very engaging and interactive. As a first time participant who is not a current technical expert but more of a central bank communication expert, this conference has opened my eyes to the many opportunities on the currency communication space.

Central Bank of Eswatini

Beyond expectations, well selected topics and presentations, great opportunity to network and discuss relevant issues; provides significant insight on coins. The venue adds more charm to the event.

Bangko Sentral ng Pilipinas

It is my very first participation at the Coin Conference and I enjoyed. The agenda and speakers were very great. It was very insightful, interesting and useful.

National Bank of Kyrgyzstan

Excellent conference. All papers were well chosen. The pre conference workshop on making money with coins was well facilitated. It was educational too.

MintMatrix

This conference is the only place where central banks, mints and other coin business players meet together and share ideas.

Japan Mint

Attendees

Afghanistan Revenue Department

Afghanistan

Altek Dokum Hadde Mam. San. Tic. A.S.

Turkey

Arrandene MFG Ltd

United Kingdom

ArtaZn LLC

USA

ATM Industry Association (ATMIA)

United Kingdom

Baden-Wurttemberg State Mints

Germany

Banco de España

Spain

Bangko Sentral ng Pilipinas

Philippines

Bank Indonesia

Indonesia

Bank of Albania

Bank of Italy

Italy

Bank of Korea

South Korea

Bank of Mexico

Mexico

Bank of Mozambique

Mozambique

Bank of Uganda

Uganda

Bavarian State Mint

Germany

BEUC – European Consumer’s Organisation

Belgium

Cameron Associates LLC

USA

Central Bank of Barbados

Barbados

Central Bank of Colombia

Colombia

Central Bank of Eswatini

Swaziland

Central Bank of Hungary

Hungary

Central Bank of Nigeria

Nigeria

Central Bank of Oman

Oman

Central Bank of the Republic of Turkey

Turkey

China Banknote Printing and Minting Corporation

China

Coin Service Nord S.p.A.

Italy

Coin Wrap Inc

USA

Coinstar Inc

USA

Coinstar Ltd

United Kingdom

CoinsWeekly / MintWorld

Germany

Compania Europea de Cospeles S.A. (Ceco,S.A.)

Spain

Cummins-Allison Corporation

USA

Currency Research

United Kingdom

Davis Bancorp

USA

De Nederlandsche Bank N.V.

Netherlands

Emporium Hamburg

Germany

European Commission – Directorate General for Health and Food Safety (SANTE)

Belgium

Federal Reserve Bank of San Francisco

USA

FNMT (Fabrica Nacional de Moneda y Timbre – Real Casa de la Moneda)

Spain

Freiberger EuroMetall GmbH

Germany

Fritz Rudolf Künker GmbH & Co. KG

Germany

G4S Cash Solutions (NL)

Netherlands

Giesecke+Devrient Currency Technology GmbH

Germany

Global Coin Solutions

Canada

Glory Global Solutions

United Kingdom

Gräbener Pressensysteme GmbH & Co. KG

Germany

Gunnebo AB

Netherlands

GURT

Russia

Hong Kong Monetary Authority

China

Independent Cash Expert – Corneliu Melnic

Moldovia

International Association of Currency Affairs (IACA)

New Zealend

Istituto Poligrafico e Zecca dello Stato S.p.A.

Italy

Japan Mint

Japan

Kayalar Bakir Alasimlari San. ve Tic. A.S.

Turkey

London Metals Ltd

United Kingdom

M. One AG

Switzerland

MDM Munzhandelgesellschaft GmbH & Co. KG

Germany

Ministry of Finance – Thailand

Thailand

Mint of Finland Ltd

Finland

Mint of Poland

Poland

Mint of the National Bank of the Republic of Kazakhstan

Kazakhstan

MintMatrix

Australia

Modern Numismatics International (MNI)

Netherlands

Monea Coin Technology s.r.o.

Slovakia

Monetary Authority of Macau

China

Monetary Authority of Singapore

Singapore

Monnaie de Paris

FRANCE

Mühlbauer GmbH & Co. KG

Germany

Narodowy Bank Polski

Poland

National Bank of Georgia

Georgia

National Bank of Kazakhstan

Kazakhstan

National Bank of Kyrgyzstan

Kyrgyzstan

National Bank of Moldova

Moldova

National Bank of Romania

Romania

National Bank of Ukraine – Banknote Printing & Minting Works

Ukraine

National Museum of Iran

Iran

Oesterreichische Nationalbank (OeNB)

Austria

Orfix International GmbH

Germany

Ostbayerische Technische Hochschule Regensburg

Germany

Overbridge Global Solutions

Canada

Permaquim

Argentina

Qatar Central Bank

Qatar

Reserve Bank of New Zealand

New Zealand

Royal Australian Mint

Australia

Royal Blanking International

Belgium

Royal Canadian Mint

Canada

Royal Dutch Kusters Engineering

Netherlands

Royal Dutch Mint

Netherlands

Royal Thai Mint

Thailand

Scan Coin AB

Sweden

Schuler Pressen GmbH

Germany

Schwermetall Halbzeugwerk GmbH & Co. KG

Germany

Security Printing & Minting Corporation of India Limited

India

Sigmund Cohn Corp.

United States

Singapore Mint

Singapore

Solva Papers GmbH

Germany

South African Reserve Bank

South Africa

Spaleck Oberflächentechnik GmbH & Co. KG

Germany

Spookfish Innovations Ltd.

United Kingdom

TAV Vacuum Furnaces SPA

Italy

The Royal Mint

United Kingdom

The South African Mint Company (Pty) Ltd

South Africa

UAE Exchange Centre LLC

United Arab Emirates

United States Mint

USA

University of Chile

Chile

Velec Systems

France

Weiden Technical University of Applied Sciences

Germany

Very interesting and useful event. Great possibility to meet colleagues from other central banks and share each others experiences. Also, to get essential information from the coin production industry.

National Bank of Georgia

A good blend of technical and practical information presented by experts. Thoroughly interesting and thought provoking. Additionally plenty of networking opportunities. Thank you very much. Fantastic organisation.

Reserve Bank of New Zealand

Yes, the event met all my experiences. There were no major news available, but the individual achievements of many attendees and participants shows that cash still is sexy despite attempts of the digital boundaries to make cash look old fashioned.

Orfix International GmbH

Monday 14 October

Workshop 1

Workshop 2

09:00 – 12:00

Optimising the Efficiency of the Coin Cycle

This workshop is part of the MDC’s Customer Task Force, a project established in 2015 with the purpose that the mint industry could gain a clear understanding of the key issues affecting the different stakeholders for coins and take action accordingly. One such set of stakeholders are central banks/issuers – and at the  2017 Coin Conference, in Warsaw, it was identified that one of their key concerns is optimising the efficiency of coins in circulation and, critically, hoarding.

This workshop is for central banks and coin issuers only, and is free of charge.

13:30 – 17:00

Making Money with Coins

Circulating commemorative and collector coins are not just a means of celebrating national events and milestones, but generate public interest in coins. They deliver revenue to issuers and/or the mints while serving as a test-bed for new techniques and features. In addition, these coins provide revenue to dealers and retailers in what is termed the ‘secondary market’.  Producing and issuing such coins is not a simple licence to make money. The right subject matter and events are crucial, as is the frequency of programmes and the potential downsides of issuing coins that do not retain their value.

Tuesday 15 October

Hover on the presentation title or speaker to see if more information is available.

Presentation is available for download, click on the icon to access the download page.

Session 1: Setting The Scene

09:00

Welcome Speech

Francesco Nicolò

Deputy Head of the Currency Circulation and Accounting General Directorate, Banca d’Italia (Italy)

09:15

An Overview of the Current Coin Landscape

Astrid Mitchell

Currency News (UK)

09:30

A Perspective on the Development of and Challenges to Coins in Recent Years

Ewout van Haeften

De Nederlandsche Bank (Netherlands)

09:50

Reform of the Coin Cycle in Italy

Monica Fusaro

Banca d’Italia (Italy)

10:10

How to Safeguard the Role of Coins in the Smooth Circulation of Cash

Ron Delnevo

ATMIA (UK)

Session 2: Coin Policy and Strategy (Part 1)

11:20

Coming of Age: the European Commission Report on Recent Developments as Regards Euro Coins

Rüdiger Voss

European Commission (Belgium)

11:40

Coins and Seigniorage

Gerhard Roesl

Ostbayerische Technische Hochschule Regensburg (Germany)

12:00

The Effect of Government Policies on the Coin Cycle

Jon J Cameron

Cameron Associates (USA)

12:20

Forecasting Coin Demand

Prof Franz Seitz

Weiden Technical University of Applied Sciences (Germany)

Session 3: Coin Policy and Strategy (Part 2)

14:30

Coin Demand in Mexico: from Peak to Trough, Lessons Learned and Challenges

Alejandro Alegre

Banco de México (Mexico)

14:50

The Four Dimensions of the Economic Impact of Mints

Dr Wolfgang Koller

Institute of Industrial Research (Austria)

Gunther Waadt

Bavarian Mint (Germany)

15:10

Changes in the Coin Procurement Landscape

Albert Post

Royal Dutch Mint (Netherlands)

15:30

Make Real Money from Old Money

David de Haas

London Metals Company (UK)

Prabir De

MintMatrix (Australia)

Session 4: Around The World in 80 Minutes

16:30

Circulation Coins of the Kyrgyz Republic: 10 Years of Experience

Dana Saifullina

National Bank of Kyrgyzstan (Kyrgyzstan)

16:50

500 Yen – a Case Study of a High Denomination Coin

Masahiko Komatsu

Mint of Japan (Japan)

17:10

Commemorative Circulation Coins – New Zealand’s 50 Cent Armistice Day Coin

Jeff Hanke

Royal Canadian Mint (Canada)

Chris Humphreys

Reserve Bank of New Zealand (New Zealand)

17:30

How to Make Unique Commemorative Circulating Coins More Attractive in China

Dr Deng Bo

China Banknote Printing and Minting Corporation (China)

Wednesday 16 October

Session 5: Optimising Costs, Meeting Demand

09:00

US Currency Usage and Making ‘Cents’ of the Penny

Steve Son

Federal Reserve Cash Product Office (USA)

Brian Weaver

Federal Reserve Cash Product Office (USA)

09:20

New Coin Structure for Moldova

Corneliu Melnic

Independent Cash Expert, Former Deputy Head of Division, Cash Operations, National Bank of Moldova

09:40

Coin Cycle: Complexity, Diagnosis and Strategies

Félix Redondo Gaitón

Banca de España (Spain)

10:00

Overcoming the Challenges of Reduced Coin Demand

Shri Srikara Pradhan

India Government Mint (India)

Session 6: Engaging the Public

11:10

Campaigning for Cash

Andrea Nitsche

Cash Matters/International Currency Association (UK)

11:30

Planning a Medium and Long-Term Coin Strategy Based on Public Opinion

Anikó Bódi-Schubert

Magyar Nemzeti Bank (Hungary)

11:50

Engaging the Public in New Coin Series Through the Use of Social Media

Ralph William Meris

Bankgo Sentral ng Pilipinas

12:10

Circulation Coin Series Inspired by the South African ‘Born Frees’

Christine Roux

South African Mint

Session 7: Technologies for Green, Secure, Socially-Responsible Coins

14:00

A Case Study on the Introduction of Environmentally-Friendly Wastewater Technology

Thomas Koeninger

Monea Coin Technology (Slovakia)

14:20

Stabilisation Strategies of Electrodeposited Copper: a Review

Gonzalo Montes Atena

University of Chile

14:40

Secure and Cost effective Alternatives to Low Denomination Banknotes and Solid Alloy Coins

Vinay Menon

Jarden Zinc Products (USA)

15:00

Optimising Heat Treatment in Coin Production for Lower Energy and Improved Quality

Andrea Gionda

TAV Vacuum Furnaces (Italy)

Session 8: Recirculating and Recycling

16:00

The Effects of Large Scale Coin Recirculation

Jim Gaherity

Coinstar (USA)

16:20

Optimising Coins in Circulation – When They are in Other Countries

Scott Hutchings

Global Coin Solutions (UK)

16:40

Cash 4.0 – the Evolution of the Cash Cycle

Zennan Green

Glory Global Solutions (UK)

17:00

South Africa’s Coin Recirculation Project

Pearl Kgalegi

South African Reserve Bank

Sponsors

Thank you to our 2019 Sponsors

 

Many thanks to the following sponsors and exhibitors for taking part in our wonderful exhibition running alongside the conference:

Platinum Royal Canadian Mint

Gold – Royal Dutch Mint

Silver – China Banknote Printing and Minting Corporation (CBPMC), Freiberger EuroMetall, Jarden Zinc Products, Monnaie de Paris, TAV VACUUM FURNACES

Tour – Istituto Poligrafico e Zecca dello Stato Italiano

Football – Monea