current circulating coin ( 1991–present ) [edit ]
The current coin replaced the New Zealand one dollar note in use since New Zealand ‘s currency was decimalised on 10 July 1967. The reason for replacing the note was due to inflation making the note more expensive to produce, and notes had to be replaced regularly due to wear and tear. The $ 1 coins, and $ 2 coins, were first minted in 1990 but circulated in 1991. The $ 1 notes were withdrawn by and by that class.
The new $ 1 coin was made of aluminum bronze, and was 23.0 millimeter in diameter, 2.74 millimeter thick, and 8.0 thousand in burden. [ 1 ] The boundary of the mint consisted of eight sections, alternating between milling and plain sections. The reverse of the coin was designed by Robert Maurice Conly, [ 2 ] and depicted two symbols of New Zealand : a new zealander face left in the kernel, surrounded by four fronds of the silver fern (Cyathea dealbata). Both the kiwi and the flatware ferns sit above the legend reading the denomination “ ONE dollar ”. The obverse consisted of Raphael Maklouf ‘s portrayal of Queen Elizabeth II, the Queen of New Zealand, with the caption reading “ ELIZABETH II NEW ZEALAND [ year of minting ] ”. In 1999, the obverse of all new $ 1 coins was changed with the addition of Ian Rank-Broadley ‘s portrayal of Queen Elizabeth II, and the caption was rearranged to read “ NEW ZEALAND ELIZABETH II [ year of minting ] ”. In 2006 the Reserve Bank of New Zealand replaced the 10c, 20c and 50c coins in circulation with smaller, lighter ones, and removed the 5c mint from circulation. The $ 1 remained the same as it was relatively raw ( the oldest $ 1 coins were only 14 years old ), they circulated well, and the extra expense of adapting machines that only took $ 1 coins. Another reason for the change in size was that the 10c and $ 1 mint were very exchangeable in size, being entirely 0.62 millimeter different in diameter.
due to a alike design, it was sometimes possible to pass the $ 1 coin as a £1 coin in the United Kingdom, in shops and vending machines. however, since the modern 2017 £1 coin secrete this is no longer potential .
Mintages [edit ]
|Year||Coins minted[ needs update]|
See besides [edit ]
References [edit ]
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