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The pound (symbol £, £NZ. [1] for distinction) was the currency of New Zealand from 1933 until 1967, when it was replaced by the New Zealand dollar.Prior to this, New Zealand used the pound sterling since the Treaty of Waitangi in 1840.
However, as pound sterling coinage in New Zealand was devalued relative to the same coins' value in Britain, a resulting wave of currency smuggling caused a massive decline in the amount of British silver coins available in New Zealand. The devalued pound sterling coinage in circulation in New Zealand was smuggled into Australia and the United ...
The half-crown is the largest of five denominations of New Zealand pound coinage first issued in 1933. Introduced due to shortages of comparable British silver coinage following the devaluation of the New Zealand pound relative to the pound sterling, the coin measures roughly 32 mm (1.3 in) in diameter.
The New Zealand shilling was first issued in 1933 alongside four other denominations of New Zealand pound coinage, introduced due to shortages of comparable British silver coinage following the devaluation of the New Zealand pound relative to the pound sterling. Roughly 24 mm in diameter, it is slightly larger than the British coin it replaced.
The New Zealand penny is a large bronze coin issued from 1939 [a] to 1965. Introduced seven years after the larger denominations of New Zealand pound coinage, the coin's issuing was scheduled to align with the centennial of the Treaty of Waitangi and the New Zealand centennial, alongside the halfpenny and centennial half-crown.
The New Zealand sixpence is a coin of the New Zealand pound issued from 1933 to 1965. Equal to twice a threepence or half a shilling , the sixpence was one of five denominations of silver coins introduced in the initial issue of New Zealand coinage in 1933.
The New Zealand threepence is a coin of the New Zealand pound issued from 1933 to 1965. Equal to three pence, the coin was the smallest in size of all New Zealand pound coinage and the smallest in denomination of the initial 1933 issue of New Zealand pound coinage, produced due to shortages of British silver coins resulting from the devaluation of local currency relative to the pound sterling.
The halfpenny was the second smallest denomination of the British pound sterling which saw circulation in New Zealand, alongside the farthing.While the pound was confirmed as legal tender in 1858, [1] it had in effect been the sole circulating currency since 1847, after various foreign coinage was removed from circulation in the newly founded colony.