Stay tuned with CashEssentials news ! - beyond payments
By subscribing, you accept our Privacy Policy.
×
×

Battle over possums and coins

Categories : Cash is efficient, Innovation contributes to the efficiency of cash
April 26, 2018
The Royal Canadian mint sued the Royal Australian mint for using its colour-printing technology, but Australia is suing back stating that the patent is not protecting something novel enough.
Communication Team

Proprietary technology is what generally secures international contracts in the mint industry. It is therefore of key importance to ensure one’s expertise is not being reproduced elsewhere.

This, however, is what happened in the case of The Royal Canadian Mint versus The Royal Australian Mint. The Canadian mint is suing Australia for using a special colour-printing technology for a series of commemorative coins. The coins honour the children’s book Possum Magic and come in 12 different designs. An estimated 15 million coins are already in circulation, but the Canadian mint is asking Australia to stop any future production – and not to revoke ones already in circulation.

The story has increased in complexity as the Royal Australian Mint has decided to counter-sue arguing that the technology used is not novel enough to be protected by a patent.

The Australian and Canadian mints are competitors for a tight and niche market where innovation is crucial for survival.

To read the entire article, click here

Related