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Encyclopedia > Coins of the New Zealand dollar

This article concerns the Coins of the New Zealand Dollar. This article is about monetary coins. ... A New Zealand $100 polymer banknote, replacement of the old paper notes. ...

Contents

History

In 1967, coins were introduced for 1, 2, 5, 10, 20 and 50 cents. The 1 and 2 cent coins were minted in bronze, with the other denominations in cupro-nickel. The 5, 10 and 20 cents were the same size as the earlier, equivalent 6 pence, 1 shilling and 1 florin. Indeed, until 1970, the 10 cents coin bore the additional legend "One Shilling". The obverse designs of all the coins featured Arnold Machin's portrait of Elizabeth II, with the legend ELIZABETH II NEW ZEALAND [date]. The reverse sides of coins introduced in 1967 did not follow the designs that were originally indended for them. Those modern art and sculpture themed designs were leaked to a newspaper and met a very negative public reaction. The final releases were given more conservative designs in line with public expectations. Arnold Machin (30 September 1911 _ 9 March 1999) was a British artist, sculptor, coin and stamp designer. ... Elizabeth II in an official portrait as Queen of Canada (on the occasion of her Golden Jubilee in 2002, wearing the Sovereigns badges of the Order of Canada and the Order of Military Merit) Her Majesty Queen Elizabeth II (Elizabeth Alexandra Mary) (born 21 April 1926), styled HM The... Modern art is a general term used for most of the artistic production from the late 19th century until approximately the 1970s. ... A sculpture is a three-dimensional object, which for the purposes of this article is man-made and selected for special recognition as art. ...


In 1986, New Zealand adopted Raphael Maklouf's new portrait of the Queen on all its coins. The 1 and 2 cent coins were last minted for circulation in 1987, with collector coins being made for 1988. The coins were demonetised on 1 May 1990. The lack of 1 and 2 cent coins meant that cash transactions were normally rounded to the nearest 5 cents (10 cents as of 2006), a process known as Swedish rounding. Some larger retailers (notably one supermarket chain), in the interests of public relations, elected to round the total price down (so that $4.99 became $4.95 instead of $5.00). Alternatively, many retailers rounded all their prices to the nearest 5 cents to avoid the issue entirely — so a New Zealand shopper often encountered products for sale at prices like $4.95. Raphael Maklouf (born 10 December 1937) is a sculptor, best known for designing the effigy of Queen Elizabeth used on Commonwealth coinage from 1985 to 1997. ... May 1 is the 121st day of the year in the Gregorian calendar (122nd in leap years). ... MCMXC redirects here; for the Enigma album, see MCMXC a. ... Swedish rounding is a method by which money is rounded from a given minimal unit to the closest larger unit represented by physical currency. ...


In 1990, aluminium-bronze 1 and 2 dollar coins were introduced. In 1999, Ian Rank-Broadley's portrait of the Queen was introduced and the legend rearranged to read NEW ZEALAND ELIZABETH II [date]. Ian Rank-Broadley (born 1952) is a British sculptor who has produced many acclaimed works, among which are several designs for British coinage. ...

Wikinews has news related to:
New Zealand's new small change
The coin changes.
The coin changes.

On 11 November 2004, the Reserve Bank announced that it proposed to take the 5¢ coin out of circulation and to make the existing 50, 20 and 10 cent coins smaller and use plated steel to make them lighter. The reasons given were: Image File history File links WikiNews-Logo. ... Wikinews is a free-content news source and a project of the Wikimedia Foundation. ... Image File history File linksMetadata CoinChanges. ... Image File history File linksMetadata CoinChanges. ... November 11 is the 315th day of the year (316th in leap years) in the Gregorian calendar, with 50 days remaining. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...

  1. The 5¢ coin is now worth less than half what a cent was worth back in 1967, when New Zealand decimalised its currency.
  2. Surveys had found that 50, 20 and 10 cent coins were too large and could not be easily carried in large quantities. The original 50c coin, with a diameter of 3.2 centimetres, was one of the largest coins in circulation worldwide.
  3. The size of the 10¢ piece was too close to that of the dollar - so close, in fact, that it has been possible on occasion to put two 10c pieces in a parking meter together and receive a dollar's worth of parking time. (Naturally, this can also backfire and jam the meter.)
  4. The prices of copper and nickel used to mint the old coins were high and rising steeply.

After a three-month public submission period that ended on 4 February 2005, the Reserve Bank announced on 31 March it would go ahead with the proposed changes. The changeover period started on 31 July 2006, with the old coins usable up until 31 October 2006. The older 50, 20, 10 and 5 cent pieces are now no longer legal tender, but are still redeemable at the Reserve Bank. In the management of currencies, decimalisation (or decimalization) is the process of converting from traditional denominations to a decimal system, usually with two units differing by a factor of one hundred. ... February 4 is the 35th day of the year in the Gregorian Calendar. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... March 31 is the 90th day of the year in the Gregorian calendar (91st in leap years), with 275 days remaining. ... July 31 is the 212th day (213th in leap years) of the year in the Gregorian Calendar, with 153 days remaining. ... For the Manfred Mann album, see 2006 (album). ... October 31 is the 304th day of the year (305th in leap years) in the Gregorian calendar, with 61 days remaining. ... For the Manfred Mann album, see 2006 (album). ...


In August 2005, the Royal Canadian Mint, who has minted Canadian coins in plated steel in the past, was selected by the Reserve Bank to make the new coins. The new coins have a unique electromagnetic signature which enables modern vending machines to determine coin counterfeiting and foreign coins [1]. It was estimated the changeover would remove nearly five million dollars of foreign coinage from circulation. Mint flag The Royal Canadian Mint produces all of Canadas circulation coins, and manufactures circulation coins on behalf of other nations. ...


Current Coinage

As of 1 November 2006, there are five denominations of coins in regular circulation: 10c, 20c, 50c, $1, and $2. November 1 is the 305th day of the year (306th in leap years) in the Gregorian Calendar, with 60 days remaining. ... For the Manfred Mann album, see 2006 (album). ...


Specifications

Denomination Diameter Thickness Mass Composition Edge Introduced
Ten cents 20.5 mm 3.3 g Copper-plated steel Plain 31 July 2006
Twenty cents 21.75 mm 4 g Nickel-plated steel Spanish Flower
Seven plain sections separated by indents.
31 July 2006
Fifty cents 24.75 mm 5 g Nickel-plated steel Plain 31 July 2006
One dollar 23 mm 8 g Aluminium-bronze Eight equal segments alternating between reeding and plain edge. 1990
Two Dollars 26.5 mm 10 g Aluminium-bronze Reeded with an indented, plain channel containing ten raised dots. 1990

The New Zealand 20 cent coin is the second lowest denomination coin of the New Zealand dollar. ... The Spanish flower is a type of coin edging. ...

Obverse

With the exception of pre-1999 one-dollar and two-dollar coins, all current legal tender coins have Ian Rank-Broadley's portrait of Queen Elizabeth II, with the legend around the outside reading NEW ZEALAND ELIZABETH II [year of minting]. Ian Rank-Broadley (born 1952) is a British sculptor who has produced many acclaimed works, among which are several designs for British coinage. ... Elizabeth II in an official portrait as Queen of Canada (on the occasion of her Golden Jubilee in 2002, wearing the Sovereigns badges of the Order of Canada and the Order of Military Merit) Her Majesty Queen Elizabeth II (Elizabeth Alexandra Mary) (born 21 April 1926), styled HM The...


Pre-1999 $1 and $2 coins have Raphael Maklouf's potrait of the Queen, and the legend reads ELIZABETH II NEW ZEALAND [year of minting]. Raphael Maklouf (born 10 December 1937) is a sculptor, best known for designing the effigy of Queen Elizabeth used on Commonwealth coinage from 1985 to 1997. ...


Reverse

Denomination Image Description
$0.10 Image:New-Zealand-2006-10-cent-coin-front.jpg A Māori koruru, or carved head
$0.20 Image:New-Zealand-2006-20-cent-coin-front.jpg Māori carving of Pukaki, a chief of the Arawa iwi
$0.50 Image:New-Zealand-2006-50-cent-coin-front.jpg James Cook's HM Bark Endeavour and Mount Taranaki
$1.00 Kiwi and Silver Fern
$2.00 Kotuku (white heron)

Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... In Māori tradition, Arawa was one of the great ocean-going, voyaging canoes that was used in the migrations that settled New Zealand. ... Iwi (pronounced ee-wee) are the largest everyday social units in Māori society. ... Image File history File links No higher resolution available. ... James Cook, portrait by Nathaniel Dance, c. ... HMB Endeavour was a small 18th century British sailing ship, famous for being the vessel commanded by Lt. ... Mount Taranaki or Mount Egmont [1] is a dormant stratovolcano located in the Taranaki region on the west coast of New Zealands North Island. ... Photographed by me. ... Species See text. ... Headline text {{Taxobox | color = lightgreen | name = Silver Fern | status = Conservation status: Secure | image = Silver Fern. ... Photographed by me. ... Binomial name Ardea alba Linnaeus, 1758 The Great White Egret, White Heron, Common Egret or Great Egret (Ardea alba) is a wading egret, found in most of the tropical and warmer temperate parts of the world, although it is very local in southern Europe and Asia. ...

Past Coinage

Changes to coinage in 1990 and 2006 has resulted in several demonetised coins. Coins have been demonitised for various reasons.


This is a list of demonitised coins:

Denomination Image Attributes Minting dates Demonetisation date Reason for Demonetisation
One cent 17.526 mm diameter
Plain edge
Reverse side featured a silver fern
1967 to 1988 1990 Coin of little value
Two cents 21.082 mm diameter
Plain edge
Reverse side featured kowhai flowers
1967 to 1988 1990 Coin of little value
Five cents 19.431 mm diameter
2.83 g mass
Reeded edge
Cupronickel composition
Reverse side featured a tuatara
1967 to 2004 31 October 2006 Coin of little value
Ten cents 23.62 mm diameter
5.66 g mass
Reeded edge
Cupronickel composition
Reverse side same as today, but with the words "One Shilling"
1967 to 1969 31 October 2006 Coin replaced with smaller version
Ten cents 23.62 mm diameter

5.66 g mass
Reeded edge
Cupronickel composition
Reverse side same as today Species References: ITIS 26957 Kowhai is a small woody legume tree native to New Zealand. ... Photographed by me. ... Species Sphenodon punctatus (Gray, 1842) Sphenodon guntheri Buller, 1877 Sphenodon diversum (extinct) The tuatara is a reptile of the family Sphenodontidae, endemic to New Zealand. ... Image File history File links No higher resolution available. ... Photographed by me. ...

1970 to 2004 31 October 2006 Coin replaced with smaller version
Twenty cents 28.58 mm diameter

11.31 g mass
Reeded edge
Cupronickel composition
Reverse side featured a kiwi

1967 to 1989 31 October 2006 Coin replaced with smaller version
Twenty cents 28.58 mm diameter

11.31 g mass
Reeded edge
Cupronickel composition
Reverse side same as today Photographed by me. ...

1990 to 2004 31 October 2006 Coin replaced with smaller version
Fifty cents 31.75 mm diameter

13.61 g mass
Edge had 10 sections, alternating between plain and reeded
Cupronickel composition
Reverse side same as today Photographed by me. ...

1967 to 2004 31 October 2006 Coin replaced with smaller version

Other coins

  • A mule 2 cents coin was issued in 1967, featuring the obverse of the Bahamian 5 cents.
  • Silver Dollars: New Zealand has produced many silver dollars, usually annually. Listed here are the descriptions given to the dollars.
    • 1967: Coat of Arms
    • 1969: Bi-Centenary
    • 1970: Mt. Cook
    • 1970: Cook Islands
    • 1971-1973: Coat of Arms
    • 1974: Games
    • 1974: N.Z.Day
    • 1975-1976: Coat of Arms
    • 1980: Fantail
    • 1981: Royal Visit
    • 1982: Takahē
    • 1983: Royal Visit
    • 1983: 50th Anniversary
    • 1984: Black Robin
    • 1985: Black Stilt
    • 1986: Royal Visit
    • 1987: National Parks
    • 1988: Penguin
    • 1989: Games (4 variants, Runner, Gymnast, Swimmer, Weightlifter)
    • 1990: 150th Anniversary (Treaty of Waitangi)
  • A range of two dollar coins depicting a kingfisher were made during 1993.
  • Five dollar coins: Minted sporadically from 1990 onwards. Five dollar coins have never been minted for circulation but specifically for commemorative purposes. They are legal tender.
  • Ten dollar coins: Minted sporadically from 1995 onwards. Ten dollar coins have never been minted for circulation. They are legal tender.
  • Twenty dollar coins: Minted in 1995 and 1997, only 2 sets of twenty dollar coins have been made.
  • One Hundred and Fifty dollar coins: Minted in 1990 and 1998, only 2 sets of one hundred and fifty dollar coins have been made.

In numismatics, a mule is a coin or medal minted with obverse and reverse designs not normally seen on the same piece. ... One of the few extant copies of the Treaty of Waitangi The Treaty of Waitangi (Māori: Tiriti o Waitangi) was signed on February 6, 1840 at Waitangi in the Bay of Islands, New Zealand. ... Families Alcedinidae Halcyonidae Cerylidae Kingfishers are birds of the three families Alcedinidae (river kingfishers), Halcyonidae (tree kingfishers), and Cerylidae (water kingfishers). ...

Limits on coins allowed to be used

According to the Reserve Bank Act 1989, there are limits on the amount that can be paid for by coins:[1]

  • coins of a denomination of $10 or more, there is no limit
  • coins of a denomination of $1 or more but less than $10, the limit is $100
  • coins of the denomination of 5 cents or more, but less than $1, the limit is $5

Use of other countries' coins

Due to regional travel and the fact that many other former British colonies around the world use coinage systems with British-derived origins of sizing and weight, many Fijian, Samoan, Singaporean and especially Australian coins had been in daily circulation in New Zealand despite not being official legal tender. It is of note that the United Kingdom itself does not use these sizes of coins any more, and there has been the odd case of foreign coins appearing in a customer's change. The consistently similar but not significantly higher value of the Australian currency and the obverse side of Australian coins being almost the same as New Zealand coins also didn't discourage this practice, with millions of 5, 10, and 20 cent Australian coins having been used in New Zealand in an identical manner to their true counterparts. The coinage size and material changeover (see below) of 31 July to 31 October 2006 means these foreign coins can no longer be accepted interchangeably, though the new 10 cent coin strongly resembles the British one penny coin in size, weight and appearance and the unchanged one dollar coin remains very similar to the Fijian counterpart. Australian coins refers to the coins which are or were in use as Australian currency. ... July 31 is the 212th day (213th in leap years) of the year in the Gregorian Calendar, with 153 days remaining. ... October 31 is the 304th day of the year (305th in leap years) in the Gregorian calendar, with 61 days remaining. ... For the Manfred Mann album, see 2006 (album). ... For the pre-decimal British one penny coin, see British One Penny coin (pre-decimal). ...


See also


 
 

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