The administrators are seeking a buyer for the mint but 51 redundancies have been made already leaving 64 staff from a total of more than 100.
The mint, established in 1794, is one of the largest makers of coin blanks and supplies several national mints with blanks for the euro.
Mark Orton, joint administrator at KPMG Corporate Recovery in Birminghamsaid: ‘The Birmingham Mint has suffered from cash flow problems due to the loss of major contracts.
‘Over the coming weeks we will be trading the company to fulfil orders stillin place while we actively seek a buyer for the business.’
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children