Meltdown by Design: The London Mint Office's Financial Fiasco The news that the London Mint Office (LMO) is on the brink of collapse, with administrators likely to be called in, has sent shockwaves through the numismatic community.
This development comes as no surprise for those who have been following the LMO's financial struggles. Behind the gleaming façade of the LMO lies a complex web of financial mismanagement and poor decision making.
The company's troubles are not just a symptom of a broader economic downturn, but a direct result of its own flawed business model.