Decline
In later years, the plant became increasingly busy with the introduction of the Euro within the European Union; the mint produced several million €1 and €2 coins. However, a slump in trade and contractual agreements between them and the Royal Mint resulted in the sale of the mint in late 2003. The Mint was acquired by JFT Law & Co Limited who still produce and sell commemorative coins and medals from a website. Substantial parts of the plant and machinery were subsequently purchased by an Indian company, Lord's Security Mint Limited. The Pobjoy Mint purchased the newest high speed presses plus new tooling.
Most of the complex, excluding the Icknield Street block and the rear, retaining, wall, was demolished in April 2007. The façade is grade II listed.
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Famous quotes containing the word decline:
“Reckoned physiologically, everything ugly weakens and afflicts man. It recalls decay, danger, impotence; he actually suffers a loss of energy in its presence. The effect of the ugly can be measured with a dynamometer. Whenever man feels in any way depressed, he senses the proximity of something “ugly.” His feeling of power, his will to power, his courage, his pride—they decline with the ugly, they increase with the beautiful.”
—Friedrich Nietzsche (1844–1900)
“The decline of a culture
Mourned by scholars who dream of the ghosts of Greek boys.”
—Stephen Spender (1909–1995)
“The decline of the aperitif may well be one of the most depressing phenomena of our time.”
—Luis Buñuel (1900–1983)