Westerloh-based company takes over America’s oldest private mint (Westerloh)

The Royal United Mint is part of the Belgian holding company Groep Heylen and is the parent company of the Royal Dutch Mint and Mauquoy Token Company of Westerlo, the largest producer of metal coins and tokens in Europe.

Osborne Coinage is an American company based in Cincinnati, Ohio and is the oldest private mint in the United States. The company has been owned by the Steckman family for the past 75 years.

“With this acquisition, we have a foothold in America,” says Royal United Mint. “We are a world leader in the token and token market. Andre McCaster, who has been in charge of Osborne Coinage for two years, will continue to manage.

Payment tokens

“With Osborne Coinage, we will be able to better serve small and medium-sized customers in the United States,” says the Westerlo-based company. “For example, Osborne creates payment tokens in base metals or collector coins in precious metals for collectors and central banks.”

Osborne coinage already includes Abraham Lincoln, Ulysses S. Grant and Franklin D. Roosevelt made medals for his campaigns. During World War II, Osborne Coinage made food stamps from fiber to save on the use of metal, which was mainly used for war purposes.