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After several decades of proposals, the New Zealand government pursued the creation of a domestic coinage the same year. [4] The Coinage Act, 1933, outlined the weights and sizes of the six denominations of New Zealand silver coinage, defining the shilling as a coin with a weight of 5.66 grams. [5] The shilling was worth twelve pence or half a ...
On 10 July 1967, New Zealand decimalised its currency, replacing the pound with the dollar at a rate of one pound to two dollars and one shilling to ten cents. The 10-cent coin was introduced to directly replace the one-shilling coin. The coin was made of cupronickel, 23.62 millimetres in diameter, and weighed 5.66 grams. It included the words ...
Initially, British and Australian coins circulated in New Zealand. The devaluation of the New Zealand pound relative to sterling in the 1930s led to the issue of distinct New Zealand coins in 1933, in denominations of 3d, 6d, 1/– (one shilling), 2/– (or florin) and 2/6 (half-crown), minted in 50% silver until 1946 and in copper-nickel from ...
Coinage was first brought to New Zealand by whalers and traders in the early 19th century. Following the establishment of the Colony of New Zealand in the 1840s, Spanish silver coins formed the bulk of currency in circulation, but silver and gold coinage from the United States, Portugal, France, and the Netherlands also circulated.
The coins of the New Zealand dollar are used for the smallest physical currency available in New Zealand. The current denominations are ten cents, twenty cents, fifty cents, one dollar and two dollars. The $1 and $2 coins are minted in a gold colour, the 20c and 50c coins are silver colour and the 10c coin is plated in copper. Larger denominations of the New Zealand dollar are minted as ...
New Zealand one-dollar note; New Zealand two-dollar note; T. ... New Zealand 10 shilling note obverse series 2.jpg; ... NZ 1967 twenty dollar obverse.jpg;
Prior to the introduction of the New Zealand dollar in 1967, the New Zealand pound was the currency of New Zealand, which had been distinct from the pound sterling since 1933. [5] The pound used the £sd system, in which the pound was divided into 20 shillings and one shilling was divided into 12 pence, a system which by the 1950s was ...
Coins of the New Zealand dollar were introduced on 10 July 1967 to replace the pre-decimal New Zealand pound. The dollar was pegged at two to a pound, thus 200 cents to the pound. New Zealand's one-penny coin was 1/240 of a pound. [1] The original obverse was Arnold Machin's portrait of Queen Elizabeth II, and was used until 1985. [2]
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