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New Zealand Penny
The New Zealand penny is a large bronze coin issued from 1939 to 1965. Introduced seven years after the larger denominations of New Zealand pound coinage, the coin's issuing was scheduled to align with the centennial of the Treaty of Waitangi and the New Zealand centennial, alongside the halfpenny and centennial half-crown. Featuring the standard portrait of the ruling monarch on the obverse, the reverse features a tūī bird perched atop a kōwhai branch. The coin was designed in a government-sponsored design competition. British sculptors George Kruger Gray and Percy Metcalfe, designers of previous New Zealand coinage, submitted designs, but the contest was won by New Zealand sculptor Leonard Cornwall Mitchell. Metcalfe altered Mitchell's submitted sketches into a model, and the coin entered production in late 1939. Following the decimalisation of New Zealand currency in 1967, the coin was demonetised and replaced with a smaller one-cent coin. Although there were some ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Zealand Pound
The pound (symbol £, £NZ. for distinction) was the currency of New Zealand from 1840 until 1967, when it was replaced by the New Zealand dollar. Like the pound sterling, it was subdivided into 20 shillings (abbreviation s or /) each of 12 pence (symbol d). History Up until the outbreak of the First World War, the New Zealand pound was at parity with one pound sterling. As a result of the great depression of the early 1930s, the New Zealand agricultural export market to the UK was badly affected. Australian banks, which controlled the New Zealand exchanges with London, devalued the New Zealand pound to match the value of the Australian pound in 1933, from parity or £NZ 1 = £1 sterling to £NZ 1 = 16s sterling (£0.8). In 1948 it returned to parity with sterling or £NZ.1 = £1 sterling. In 1967, New Zealand decimalised its currency, replacing the pound with the dollar at a rate of $NZ 2 = £NZ 1 (or $NZ 1 = 10/– NZ). In N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |