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Mint of Norway (former Royal Norwegian Mint) was founded in 1686 as part of the Kongsberg Silverworks, to convert the silver extracted from the mines into coins. Before being taken over by Norges Bank (the Central Bank of Norway) in 1962, the Mint had been administered by several different bodies, including the central authorities in Copenhagen and the Ministry of Finance. However, the connection with the Silverworks remained intact until the silver mines were closed down in 1957. On 1 January, 2001 the mint was incorporated, with the Central Bank of Norway as their sole owner and shareholder. On 30 June, 2003 the Central Bank of Norway sold the company to Samlerhuset AS and Mint of Finland Ltd, each now owning a 50% stake in the mint. The company name was changed from Royal Norwegian Mint to Mint of Norway 15 September, 2004. The traditional mining symbol - a crossed pick and hammer - is still minted on all Norwegian coins.

Mint of Norway has a long tradition of medal-making. The oldest medal known to be made in Kongsberg was issued in honour of King Fredrik IV’s visit to the Silverworks in 1704.

Source: Myntverket