How much does it cost to produce circulation coins?
$0.01 = $0.008 $0.05 = $0.015 $0.10 = $0.007 $0.25 = $0.017 $0.50 = $0.029 $1.00 = $0.12 $2.00 = $0.16
The Royal Canadian Mint is a "lean" enterprise. Every day we become more responsive, flexible and adaptive to the dynamic environment in which we do business.
Throughout our company, from the refinery to coin production, from e-business to packaging and marketing, "lean" principles have been put into practice to eliminate waste and enhance efficiency.
For example, we have reduced lead times in new product development, in engraving, in die production and bullion production. We have introduced bar coding in our plants, to enable real-time inventory tracking. We have also made our shipping system more responsive, to facilitate rapid order fulfillment.
A customer-centric approach A "lean" company is more flexible, more agile - and more focused on customers. In fact, delivering optimal value to the customer is the very cornerstone of Lean Enterprise. That notion is the basis for the Mint's decision to limit the mintages of our collector products: by restricting the number of coins made available to the public, the Mint enhances their appeal in secondary trading and increases the value of these coins for dealers and collectors. This is just one example of strategies we are developing to improve value to our customers and increase their - your - satisfaction.
LEAN ENTERPRISE