Ralph Heaton III
On the death of Ralph II in 1862, Ralph III (1827-10 November 1891) took over the running of Ralph Heaton & Sons. He added eleven lever presses, made on site, retiring the last of Boulton's screw presses in 1882. In addition to the production of coins and blanks the firm manufactured metal parts for ammunition, gas fittings, medals, ornaments, plumbing fittings, rolled and strip metal, tube and wire.
In 1871 the first order for silver coinage was for Canada, and in 1874 the first gold was struck - Burgersponds for the new South African Republic – 837 pieces.
Following parliamentary approval in 1881 to upgrade the Royal Mint, the firm provided ten lever presses and a cutting-out press, effectively depriving itself of coining contracts from the Royal Mint for some time.
Shortly before his death, Ralph III converted the family business into a public limited liability company, passing control on 22 March 1889 to the new company named The Mint, Birmingham, Limited. The agreement paid £110,000 to Heaton with £10,000 worth of copper. In addition £2,000 annual rent for the Mint property would be paid, and his son, Ralph IV would be general manager, his other sons Gerald and Walter would have senior positions, and he, Ralph III, would remain as a director. He died two years later.
Read more about this topic: Birmingham Mint
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