Tuesday, September 9, 2008

Royal Dutch Mint

This write up of the Royal Dutch Mint explains who the Royal Dutch Mint are and what they deal in and is well worth reading before you decide to buy any gold or silver coins from the Royal Dutch Mint.

As always, it is prudent to always do one’s own due diligence before buying gold from any gold dealer or mint.

Who are the Royal Dutch Mint
Koninklijke Nederlandse Munt N.V., or the Royal Dutch Mint is a public company with limited liability, having its Statutory Address in Utrecht, and trading from Leidseweg 90, Utrecht, The Netherlands, as lodged with the District Court of Utrecht on January 30, 2003, under number 03/23.

The Director is one Mr Maarten T Brouwer and Mr René van Dijk, is the Marketing & Sales Manager.

They are open from 9:00 to 17:00 Monday to Friday. Their website is en.knm.nl and was set up in Jun 2000 with the English version in Jan 2004

The Royal Dutch Mint, is a company owned 100 percent by the Dutch State, and is the the only body since 1807 allowed to strike and give out coins.

It was originally the intention to have the Mint in the Capital Amsterdam, but, at the time there was insufficient capital available so it was decided that Utrecht would be more suitable.

After the defeat of Napoleon in 1814, and the founding of the Netherlands with William I as a King, the Mint was renamed Rijks Munt. However, Belgium was part of this new kingdom, and a second Mint was located in Brussels. When Belgium declared itself independent in 1830 , 's Rijks Munt was the only mint in the Kingdom of the Netherlands. But the provincial coins, made before the unification of the Mint, were still in circulation. Due to the relative high intrinsic value, the "new" coins were only becoming more popular later on. So in 1849 the provincial coins were officially taken out of the circulation.

In 1901 the company was placed under the Ministry of Finance until 1912 when the Mint officially became a company owned by the State. At the end of the Second World War, in 1944, coins were struck in the United States, while the Netherlands were occupied by the Germans.

Then, in 1994 's Rijks Munt was renamed to De Nederlandse Munt NV (The Dutch Mint Inc.). It became a company, and five years later, Royal patronage gave the mint the predicate Koninklijk (Royal) the company was then allowed to call itself De Koninklijke Nederlandse Munt (The Royal Dutch Mint).

The Royal Dutch Mint since 2002 has been allowed to also strike coins for several National Banks in the Euro Zone, as well as coins for Latvia, Guatemala and Honduras. The Dutch Royal Mint also makes a lot of memorial- and collection coins and royal medals.

Products of the Royal Dutch Mint

The Dutch Royal Mint has a number of gold and silver coins, Here is a brief list.
Gold Coins:

Single Gold Ducat 2008
Double Gold Ducat 2006
Aruba 10 Florin Gold Proof
Aruba 25 Florin Gold 2006
Aruba Jubilee-coin 10 Florin Gold 2005
Netherlands Antilles Dolphin Coin Gold 2007
Netherlands Antilles Jubilee-Coin 10 Guilders Gold 2005
Luxembourg 10 Euro Gold "BCL" 2008

Silver Coins:

Queen Juliana Silver Treasure
Silver Ducat 2006
Silver Ducat 2007
Aruba Silver Animal Set
Austria Silver "Philharmonikers" 2008
Silver Miniature Mint Building
Aruba Jubilee-coin 5 Florin Silver 2005
Netherlands Antilles Jubilee-Coin 5 Guilders Silver 2005

Also coins are struck for the following countries.

San Marino
As well as Euro coins, the Royal Dutch Mint also strikes commemorative coins, such as the 10 Euro coin that came out in 2002 for the occasion of the wedding between the Royal Highnesses Prince Willem-Alexander and Princess Maxima. More recently, a 5 Euro coin was issued to honor the 400th birthday of Rembrandt.

Buying from the Royal Dutch Mint
When buying from the Royal Dutch Mint one needs to call the mint and place an order. All prices are in Euros unless stated otherwise and are exclusive of VAT, packing and transport costs, as well as exclusive of any travel and accommodation expenses, unless explicitly stated otherwise in writing.

It pays to read the terms and conditions as you have such clauses as:

"3.4 In the event that – after the contract has been agreed, but prior to full or partial delivery - one or more price determining factors, such as the cost of procuring goods, materials or parts, labour costs, levies, taxes, foreign exchange rates etc. increase, the supplier is entitled to adjust his prices accordingly. The supplier undertakes to notify the purchaser in writing as soon as possible after a price has been changed according to this article."

Royal Dutch Mint Delivery

Delivery times are standard and dependent upon where the gold or silver is going to be delivered. The delivery period is deemed to commences no earlier than on the date on which the Royal Dutch Mint has received from the customer all data, information and assistance needed to fill the order.

Delivery will be from Utrecht. However the Royal Dutch Mint accept no responsibility for the transport and insurance of the gold or silver. And the customer is considered responsible for the cost of transport, unless agreed otherwise.

Royal Dutch Mint Payment Options
The Royal Dutch Mint will accept standard payment methods, That can be at the Mint itself or through the postal system. It is best to ring up the mint and agree, when placing the order, on a payment methods that is acceptable to the Mint.

One can pay on invoice but this is likely to require some ID and possibly some security first. Again, one would need to talk with someone at the mint first.

The Last Word on the Royal Dutch Mint
Just as in most other mints, you can buy direct and possibly save a little on their gold and silver coins.

Of course, such coins are more suitable for collectors than for investment. Investment in gold and silver is best done using gold or silver rounds and bullion bars. in addition one can invest in gold and silver by owning it and not having the hassle of storage and transport issues, by going to goldmoney.com and opening an account there.

If you have bought any gold coins, silver coins, gold bullion or silver bullion from the en.knm.nl, please feel free to leave feedback on the quality of service and products you found, including any en.knm.nl online complaints and special attention or service given by en.knm.nl online