New Zealand Australia, Oceania Coins: World Coins & Paper Money

The coins of New Zealand are interesting and appealing for collectors. Australia and Oceania relied on British coins primarily until 1933. By that time, something had to be done about the coin smuggling. New Zealanders were making a hefty profit smuggling coins as a result of a shortage of lower denomination coins. New Zealand started minting its own currency, adopting a decimal system decades before Great Britain. They still introduced their own coinage based on the British fractional system (similar to Pound Sterling), and so for a while had two types of coinage. The new coins were of the same sizes, weights and denominations as the British coins.

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