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Threepence (New Zealand Coin)
The New Zealand threepence is a coin of the New Zealand pound issued from 1933 to 1965. Equal to three pence, the coin was the smallest in size of all New Zealand pound coinage and the smallest in denomination of the initial 1933 issue of New Zealand pound coinage, produced due to shortages of British silver coins resulting from the devaluation of local currency relative to the pound sterling. British artist George Kruger Gray designed the coin's reverse design after an earlier pattern design featuring a hei-tiki was rejected by a coinage design committee organised by Gordon Coates. It features two crossed patu (ornamental Māori clubs) below the label "3d". Initially struck in silver by the Royal Mint, it was struck in cupronickel from 1947 onward due to rising precious metal prices. Following decimalisation in 1967, the threepence was replaced by the coinage of the New Zealand dollar. Background British threepence first circulated in New Zealand during the early 19th c ... [...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 penny, pence (symbol d). History Up until the outbreak of the World War I, 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 New Zealand dollar, dollar at a rate of $NZ 2 = £NZ 1 (o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
