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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The Coinage Act, 1933 governed all currency, coinage and legal tender in New Zealand. At that point in time, British coin ceased to be legal tender in New Zealand. This made New Zealand the last of the self-governing dominions of the British Commonwealth to introduce its own coinage. Not surprisingly, the coinage of New Zealand featured themes and illustrations distinctly relating to New Zealand’s environment and history. Bronze coins were not introduced until 1939, and were issued in 1940. Incidentally, 1940 was the Centennial of New Zealand.
There are a great many factors that can affect the value of coins and currency from New Zealand on the collectors’ market. The rarity of the coin, the coin’s metallic composition, the coin’s initial face value, its historical context, and the quality of the coin’s engraving can all affect the value of a coin from New Zealand.
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