The town of Kremnica in central Slovakia is known particularly for its precious metal deposits. It was founded in 1328 by Karol Robert, who created the Royal Mint Hotel, where coins were struck from local gold. Once the mines were exhausted, the city, which suffered a fire in 1560, quickly declined. Its old buildings are concentrated around the market square (Stefánikovo námestie). The castle that presides over the city is also worth a visit.