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How a Fantasy Coin is Made - Shire Post Mint's Process

How a Fantasy Coin is Made - Shire Post Mint's Process

Coins are simply bits of metal that have been impressed with a design and are used as a medium of exchange. The basic process is that a "die" is created with a negative impression of the design. Two dies are then pressed or "struck" with the metal blank between. A fantasy coin is made in four basic stages: design, engrave, blank, stamp, and finish.


Designing a fantasy coin

The coins we aim to make here at Shire Post Mint are in-world, meaning that they could come out of the pockets of a commoner or king. When designing, we look at the world as a whole and try to answer some basic questions: Who or what would be depicted on the coin? A ruler, an idol, a god, a symbol, or maybe simply text?

Once we have a basic concept, we move towards the design and more questions arise: What metals would they use? How big would these coins be? What would the text say? We often look back to ancient and medieval coinage to research art and engraving styles as well as the information often included on a coin. Engraver Greg Franck-Weiby used the same chisel-engraving technique for our Leif Ericsson Vinland coin as the Vikings used when making coins in the 9th and 10th centuries.

A Viking silver penny of  Sihtric Silkbeard, circa 990-1000 AD

A Viking silver penny of Sihtric Silkbeard, circa 990-1000 AD

Historical Fiction Leif Ericsson Silver Penny of Vinland by Shire Post Mint, circa 2004

Our “Historical Fiction” Leif Ericsson Silver Penny circa 2004

Our coin designs are 2D, often sketched by hand and aided by simple graphic design programs. The subtleties within the design are up to the engraver in the next step.


Engraving the design

The first step in engraving is to reverse the design as the coin will come out as a mirror image. Tom's very first experiment with making custom coins came out backwards because he forgot this step! Many techniques can be used in this step including acid etching or the use of electric engraving tools. Here at Shire Post Mint we often use a pantograph machine to begin the process. This allows us to take a large design and reduce and engrave it directly into the steel. The engraving with this machine is very basic so all the finishing will be done by hand.

Pantograph engraving a reduced coin design

When the outline is done, Woody, our resident engraver, will use carving tools to continue the design. In the case of the viking coin shown earlier, the engraver used the same chisel-engraving technique that was used to make ancient coins.

Metal engraving tools used to carve a die


Engraving hair 12x #hyperlapse

A video posted by Shire Post Mint (@shirepostmint) on

When the engraving is finished, test strikes are done on a soft metal so as not to damage the dies. We keep a bit of the very soft metal indium in the shop for this purpose, but a thick piece of aluminum also works. If the design looks good and needs no further work, the dies are hardened through a standard process of heating, quenching, and tempering. This finalizes the engraving and allows thousands of impressions to be made before the dies begin to show signs of wear. They are now ready to start stamping coins!

 Quencing the steel dies in oil:



A metal "blank" is the piece of metal that takes the engraved impressions from the dies. Some blanks can be bought in pre-made weights and sizes, others need to be created in-shop. For those, we start with sheets of metal that can be rolled flatter if they are not yet at the desired thickness. We use a blanking press to cut the coin shapes out of each sheet, trying to get as many shapes as possible out of each sheet. It's much like cutting cookies out of a piece of dough except a sheet of iron can't quite be reformed and re-stamped like cookie dough.

Depending on the roughness of the cut edge, blanks may be tumbled together to wear down any sharp edges before they are stamped.


Minting the coin

Early coins were struck by hand using hammers, such coins are necessarily small and with low relief. The evolution of minting has basically followed the evolution of industry, as larger presses have become available. We happily don't mint with hammers and have a growing collection of coin presses, Here are our favorites:

Manual Screw Press: Tom's first coin press was an antique screw press produced in the early 1900s. It is operated by hand and is capable of producing 40 tons of force. This press only has 2 moving parts. It uses the screw press designs first used in Italy in the 1500s. It was hand-painted here at Shire Post Mint after Tom acquired it in 2001.


Electric Screw Press

Electric Screw Press: This was Tom's second major coin press. Most of his early coins were made with this press. It can mint around 15 coins per minute. This was the main "workhorse" of the shop until we found the knuckle press below.

Electric Knuckle press: it is capable of producing 150 tons of force, this is our most commonly used press at the moment. It can mint about 25 coins per minute and features a built in mintage counter and foot pedal.
Hydraulic coin press
Our Hydraulic press is electric, capable of producing 300 tons of force, but it only reaches speeds of 4 impressions per minute. We mainly use this for large, collared coins like the 1 oz Silver Daler of NEW DALE™ and for copying a coin die design onto a fresh die before we wear it down.


We choose the correct equipment, fit both dies into the machine, center the blank on the bottom die, and stamp! The coin is made.

 Fitting the dies into the press:



Minting thick copper coins:



Some coins are complete immediately after minting and are kept shiny, or in "mint" condition, like the Aegon I Targaryen Silver Stag. Many of our other coins get processed to emulate a worn coin, as if it has been carried in pockets or purses for many years. The main process that we use is to put a batch of coins into a large tumbler with water and bits of metal, plastic, or stone. These will roll around together and wear down the surface of the coin. Various darkening agents can be added in this step to create a different look. These compounds vary with each different metal and the end results can be surprising. It is both an art and a science and no two batches of coins are ever exactly the same.

The Iron Coins of the Faceless Man were darkened and then tumbled to age them and bring out highlights
The Iron Coins of the Faceless Man were darkened and then tumbled to age them and bring out highlights. They will then be dried and waxed to prevent rusting as they are made of pure iron.

The coins are now ready to be packaged and shipped to our amazing fans!

The Hobbit Set #2 being packaged onto a card with history and translations of each coin

Peggy Maringer packing The Hobbit Set #2 onto a card with history and translations of each coin


If you'd like to inquire about having a custom coin made, please email us at


Officially licensed A Song of Ice and Fire merchandise © George R. R. Martin. All rights reserved.
©2019 “The Hobbit”, "Middle-earth", "The Shire", “The Lord of the Rings”, and the characters, events, items and places therein are trademarks of the Saul Zaentz Company dba Middle-earth Enterprises (”SZC”) and are used, under license, by Maringer Studios LLC dba Shire Post Mint. All Rights Reserved.


Jul 21, 2020

Love everything about you guys! I bought the silver moon necklace as a gift, it’s more than I expected, very good customer service. Much love.

Ayman Assaf
Nov 12, 2019

Love your site and the films. We were wondering where you get the blanks or if you produce your own. Thank you for the films. Kids and I love them. Nicely done.

Donald J Smithhisler
Mar 02, 2018

just an idea for your flip coins, just throwing it out there. A double headed wolf coin, an indigenous story. That basically says every one has two wolves inside them (one good,one bad). Up to us which one to feed.

Feb 26, 2018

I represent a student organization of the Univerity of Wisconsin, Platteville. I would like to inquire about purchaseing the custom cut coin die. We would be officially striking the coins at the univerity out of blanks made from a melted down, sentimental material. Please contact me as soon as possible to let me know if this request is possible.

Thank you,
Quinn A Jaworski

Quinn A. Jaworski
Sep 27, 2017

I’ve been getting periodic newsletters from you folks for many years. I think I purchased a few coins over 15 years ago. I’ve always been very impressed by your designs, and I’m incredibly pleased to see a bit of your processes on this page. Wonderful! Love the painting on the old manual screw press.

Toby Large

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