Tower Mint has indeed garnered an international reputation over the last decades, especially with its coinage for Gibraltar, which as a British overseas territory also has its own coin right. The Tower Mint company, founded by Raphael Maklouf, is the last remaining mint actually based in London. Raphael Maklouf came to prominence with his design for the effigy of Elizabeth II featured on all British and Commonwealth coins between 1985 and 1997. By founding the Tower Mint in 1976, he created the only minting company founded by an artist which is internationally active today. Accordingly, the artistic dimension of coin design still plays a central role at Tower Mint. In keeping with traditional craftsmanship, all designs are first cast from plaster.
On March 9, 2017, a first-strike ceremony for the new circulating coins for the Isle of Man took place in the presence of Paula Primrose and Colin Campbell representing the Treasury. Colin Campbell commented: “We are very excited. These motifs are so quintessentially Manx. Our citizens are going to love each and every one of them.” And Raphael Maklouf said: “Not in my wildest dreams would I have expected that. The only thing I wanted was to make beautiful medals. And then Gibraltar happened and now the Isle of Man. We have truly exciting plans for the future. We want to create coins which really suit the Isle of Man. And, of course, their design should be beautiful too.”
Heimo Steriti, CEO of Coin Invest Trust, which is to take over the international sales and distribution of the commemorative coins, ended with this remark: “It is a joy and a privilege to trade coins as beautiful as those planned by Tower Mint for the Isle of Man.”