- New Zealand one dollar coin
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One dollar New Zealand Value 1.00 New Zealand dollars Mass 8.00 g Diameter 23.00 mm Thickness 2.74 mm Edge Intermittently milled Composition Aluminium bronze Years of minting 1990 - present Catalog number - Obverse 
Design Elizabeth II, Queen of New Zealand Designer Ian Rank-Broadley Design date 1999 Reverse 
Design A kiwi surrounded by silver fern fronds Designer Robert Maurice Conly Design date 1990 The New Zealand one dollar ($1) coin is a coin of the New Zealand dollar. The current circulating coin was introduced on 11 February 1991 to replace the existing $1 note, although there had previously been occasional issues of commemorative "silver dollars", but they are rarely seen in circulation.
The depiction of a kiwi on the reverse helps give the New Zealand dollar the colloquial name "Kiwi (dollar)", although the term was in use before the $1 coin was introduced.
Contents
Current circulating coin (1991 - present)
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 The $1 notes were withdrawn later that year.
The new $1 coin was made of aluminium bronze, and was 23.0 mm in diameter, 2.74 mm thick, and 8.0 g in weight.[1]. The edge of the coin 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 kiwi facing left in the centre, surrounded by four fronds of the silver fern (Cyathea dealbata). Both the kiwi and the silver ferns sat above the legend reading the denomination "ONE DOLLAR". The obverse consisted of Raphael Maklouf's portrait of Queen Elizabeth II, the Queen of New Zealand, with the legend 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 portrait of Queen Elizabeth II, and the legend 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 coin from circulation. The $1 remained the same as it was relatively new (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 coin were very similar in size. Being only 0.62 mm different in diameter, and two 10c together were only 0.66 mm different from the $1 in thickness, it was possible with some parking meters to insert two 10c coins side-by-side and get $1 worth of parking time (naturally, this could also backfire and jam the meter.).
Mintages
Year Coins minted[3] 1990 40,000,000 1991 10,000,000 1992-99 none 2000 5,000,000 2001 none 2002 8,000,000 2003 4,000,000 2004 2,700,000 2005 2,000,000 2006-07 none 2008 11,000,000 Total 82,700,000 References
- ^ "New Zealand coinage specification". Reserve Bank of New Zealand. http://www.rbnz.govt.nz/currency/money/0101459.html. Retrieved 2009-01-27.
- ^ "History of New Zealand coinage". Reserve Bank of New Zealand. http://www.rbnz.govt.nz/currency/Money/0094086.html. Retrieved 2009-01-27.
- ^ "Mintings of New Zealand coins". Reserve Bank of New Zealand. http://www.rbnz.govt.nz/statistics/currency/f4/hf4.xls. Retrieved 2009-10-24.
See also
New Zealand currency Coins Banknotes Historic (before 1967) Topics Economy of New Zealand Economic history Currency New Zealand 20 cent coin • New Zealand twenty dollar note • Banknotes of the New Zealand dollar • Coins of the New Zealand dollar • New Zealand dollar • New Zealand one dollar coin • New Zealand poundGovernment Industry Australian and New Zealand Standard Industrial Classification • Beer in New Zealand • Campaign Against Foreign Control of Aotearoa • International rankings of New Zealand • Kauri gum • KiwiSaver • Leaky homes crisis • Licensing Trust • Median household income in Australia and New Zealand • Mortgagee auction • New Zealand Business Roundtable • The New Zealand Institute • Social class in New Zealand • Tourism in New Zealand • WoodchippingAgreements Closer Economic Relations • New Zealand – Malaysia Free Trade Agreement • New Zealand free trade agreements • New Zealand – China Free Trade Agreement • Trans-Pacific Strategic Economic PartnershipCategories:- 1991 introductions
- Currencies of New Zealand
- Coins of New Zealand
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