An Appreciation Of New Zealand Currency To Spend In A NZ Shop
Before mid July ‘, a NZ Shop could only accept pounds, identified by the £sd system, was the currency of NZ. Coins of the pound tended to follow the size, weight, and format of its British counterparts. The main coins in circulation were the 1/2d, 1d, 3d, six pence, 1s, florin, and finallly the halfcrown.
First Coins
NZ shop decimalisation of the New Zealand currency happened on 10 July ’67, when the New Zealand currency was changed to the NZ dollar at a conversion of 1 pound euql to two $’s (10 shillings equal to a dollar). On the same afternoon, brnad new decimal coins were created to replace the outdated pound coins. The initial coins of the New Zealand dollar were 1 cent, 2 cent, five cent, 10c, twenty cent, and 50c. The 1c, 2c, and 50c coins were brand new dimensions, with the1c and 2c cast in bronze, and 50c in cupronickel. The replaced 5c, 10c, and 20c were unchanged in design, weight, and value as the discontinued, shilling, and florin pieces. Indeed, before 1970, the ten cents coin bore the additional legend “One Shilling” to assist the NZ shop attendant.
The other side embossing of all the pieces showed Arnold Machin’s painting of the Queen, and its legend ELIZABETH II NEW ZEALAND. The primary designs for the opposite sides of the pieces introduced in ’67 were not approved by the Royal Mint. Several more designs were produced, followed by a vibrant discussion by NZ shop users. Mr. Berry’s designs were eventually approved for most of the NZ shop pieces, although he was instructed to resubmit his design for the 5c coin and Mr. Shurrock’s attempt for the ten c coin.
Towards the end of the ’80s, the one c and 2c were becoming of little value, and it was agreed to withdraw those pieces from the market. The last pieces of these amounts were cast for distribution in 1987, with collector pieces being made for 1988. The coins were gradually withdrawn by the NZ shop owners, before eventually being demonetised (no longer legal tender) on 1 May 1990, and the NZ shop could no longer accept them.
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