New Zealand two-cent coin

Two cents
New Zealand
Value 0.02 New Zealand dollars
Mass 4.14 g
Diameter 21.08 mm
Composition bronze
Years of minting 1967-1987
Catalog number -
Obverse
Design Elizabeth II, Queen of New Zealand
Designer Raphael Maklouf
Design date 1986
Reverse
Design Two kōwhai flowers and leaves surrounding the figure “2”
Designer Reginald George James Berry
Design date 1967

The New Zealand two-cent coin was the second smallest denomination coin of the New Zealand dollar from the currency's introduction in 1967 to its demonetisation, along with the one-cent coin, on 30 April 1990.[1] Its reverse featured two kōwhai flowers, considered emblematic of New Zealand. The image was designed by Reginald George James Berry, who designed the reverses for all coins introduced that year.

History

Coins of the New Zealand dollar were introduced on 10 July 1967 to replace the pre-decimal New Zealand pound, which was pegged to the British pound. The dollar was pegged at two to a pound, thus 200 cents to the pound. The new two-cent coin replaced the old threepence coin. The original obverse was Arnold Machin's portrait of Queen Elizabeth II, and was used until 1985.

In 1986 the portrait was changed to the version by Raphael Maklouf, introduced to the coins of the pound sterling in 1985. In 1988, the bronze one and two-cent coins had become too expensive to produce as inflation lowered the value of the dollar and their minting ceased. They remained legal tender until 30 April 1990.


Counting proofs and coins in mint sets, a total of 441,152,065 (441 million) coins of the denomination were minted during its existence.[2]

See also

References

  1. ↑ "History of New Zealand Coinage". Reserve Bank of New Zealand.
  2. ↑ "Two Cents from New Zealand". Online Coin Club.
This article is issued from Wikipedia - version of the Friday, February 26, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.