World Coin News

Industry Insider: COVID Business Landscape: Part III

THIS MONTH WE begin the third part of what we thought would be a two-part article. Responses from mints and auction houses have continued to arrive. Reports of how business has changed during the pandemic are evolving into a broader picture. This month we will cover what is happening with mints on the Pacific Rim and in central Europe, plus a fun sidebar about a great coin project designed to both honor and assist U.K. health workers.

At the Japan Mint, the initial business impact of the pandemic was harsh, but the mint acted quickly to reduce risk to their staff and continue needed production.

Nayuko Kume, deputy director of overseas business informed us that, “Based on the state of emergency by the government, we are reducing the number of workers coming to work per day for some distance and to reduce risk for infection. Now about under 50 percent of workers are working at the factory. Also, we are closing the factory tour and the museum.”

So essential business keeps going and, according to Kume, “for now we do not have any infected patients.”

This approach has worked for other mints in southern Europe, as discussed in our last article, with

You’re reading a preview, subscribe to read more.

More from World Coin News

World Coin News8 min read
75 Years of the Federal Republic of Germany: A Numismatic Journey with 5 Coins
Coin collectors experience history not just through books or stories but through the stamping of metal - an art form that captures political turning points, cultural events, and economic developments. The 75th anniversary of the Federal Republic of G
World Coin News2 min read
First Bronze Coins, Identifying Man-Made Metals
*Can you identify the earliest coins to be counterfeited? Coins have been counterfeited since the time of the invention of coins. There are gold coins of Croesus of Lydia that have been identified as contemporary counterfeits, plated coins that wer
World Coin News3 min read
L. E. Bruun Collection Entering Market
In a much-anticipated event a century in the making, the extraordinary coin, medal, bank note, and book collection of Danish industrialist Lars Emil Bruun (1852-1923) is finally set to be sold in a series of auctions spanning several years. Commencin

Related Books & Audiobooks