New Zealand five-cent coin

Five cents
Obverse
New Zealand
Value	0.05 New Zealand dollars
Mass	2.83 g
Diameter	19.43 mm
Thickness	1.24 mm
Edge	fully milled
Composition	Cupronickel
Years of minting	1967 - 2004^[1]
Catalog number	-
Design	Queen Elizabeth II
Designer	Ian Rank-Broadley
Design date	1999
Reverse
Design	A tuatara, native only to New Zealand, sitting on a coastal rock.
Designer	Reginald George James Berry
Design date	1967

The New Zealand five-cent coin was the lowest denomination coin of the New Zealand dollar from 1990 to 2006. The five-cent coin was introduced when the New Zealand dollar was introduced on 10 July 1967, replacing the New Zealand sixpence coin. On 31 July 2006 it was eliminated as part of a revision of New Zealand's coins, and it was demonetised (no longer legal tender) as of 1 November 2006.^[2]

History

The five-cent coin was introduced on 10 July 1967 with the decimalisation of New Zealand currency, where the New Zealand dollar replaced the New Zealand pound at a rate of two dollars to a pound, with six pence in the old pound currency equaling five cents in the new one. The new five cent coin was the same size and composition as the old sixpence coin it replaced to ease the transition. The coin was made of cupronickel, 19.43 mm in diameter, and weighed 2.83 grams.

By the early 2000s, the five-cent coin had become of little value due to inflation. The coin was subsequently demonetised effective 1 November 2006.

Counting proofs and coins in mint sets, a total of 617,508,200 (618 million) coins of the denomination were minted during its existence.^[3]

References

New Zealand currency

Coins	10c 20c 50c $1 $2

Banknotes	$5 $10 $20 $50 $100

Withdrawn	Coins : 1c 2c 5c Banknotes : $1 $2

Historic (before 1967)	Pound sterling (UK) New Zealand pound

Related topics	Banks : Reserve Bank of New Zealand Currencies : AUD NZD Transactions : Swedish rounding

Economy of New Zealand

History	Head tax, 1881 IC&A Act, 1894 Wool boom, 1951 Black Budget, 1958 Think Big, 1979-84 Rogernomics, 1984-90 Ruthanasia, 1990-93 Leaky homes crisis, 2000s Finance company collapses, 2006-12

Currency	New Zealand dollar Dollar banknotes twenty Dollar coins one Twenty-cent coin New Zealand pound

Government	Taxation New Zealand Treasury New Zealand budget New Zealand Trade and Enterprise Reserve Bank of New Zealand Official Cash Rate Overseas Investment Office Commerce Commission KiwiSaver

Industry	Agriculture New Zealand Meat Producers Board New Zealand Dairy Board New Zealand Wool Board Beer Fishing Aquaculture Whaling Forestry Woodchipping Kauri gum Licensing trust Mining Tourism

Economic conditions	Social class Income Poverty International rankings

Agreements	Closer Economic Relations Free trade agreements Malaysia China Trans-Pacific Strategic Economic Partnership Australian and New Zealand Standard Industrial Classification

Unions and lobbyists	Campaign Against Foreign Control of Aotearoa New Zealand Business Roundtable New Zealand Council of Trade Unions The New Zealand Institute

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New Zealand five-cent coin

History

See also

References