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New Guinean pound

The pound was the currency of the Australian Territory of New Guinea between 1915 and 1966, and replaced the New Guinean mark when Australia occupied the former German colony at the end of World War I. The New Guinean pound was subdivided into 20 shillings, each of 12 pence, and was equal to the Australian pound.

New Guinean pound
Unit
Plural 
Symbol£
Denominations
Subunit
120shilling
1240penny
Plural
pennypence
Symbol
shillings or /–
pennyd
Coins12d, 1d, 3d, 6d, 1/–
Demographics
User(s)Territory of New Guinea
Valuation
Pegged withAustralian pound at par
This infobox shows the latest status before this currency was rendered obsolete.

No banknotes were ever issued; all denominations larger than one shilling were Australian currency.

The Australian pound currency circulated alongside coins issued specifically for New Guinea between 1929 and 1945.[1] New Guinean coins ceased to be produced in 1945.

Between 1942 and 1945, the Oceanian pound circulated, issued by the Japanese occupiers. Australian coins and banknotes resumed circulation after the war and continued until the Papua New Guinean kina, which was introduced on 19 April 1975, replaced the Australian dollar at par. The Australian dollar continued to be legal tender in PNG until 1 January 1976 when it was withdrawn.

Coins edit

In 1929, nickel halfpennies and pennies, as well as cupro-nickel pennies were introduced. These (as well as all subsequent New Guinean coins) were holed. The inscription on the reverse read: Georgius V. D G Rex et Ind. Imp., which translates from Latin as, "George the Fifth, by the Grace of God King and Emperor of India". The inscription on the obverse reads Territory of New Guinea. These coins are extremely rare, as they were withdrawn shortly after being released.

These coins were followed in 1935 by threepences, sixpences and shillings.

The following year, pennies were minted depicting King Edward VIII. That was relatively rare because Edward abdicated less than eleven months after succeeding to the throne, meaning that most Dominions and colonies which featured the British monarch on their currency had not yet redesigned their coins. Coins of varying denominations were minted under the reign of George VI, beginning in 1938. In 1945, production of New Guinean coins ceased until Papua New Guinea started circulating its own currency (Papua New Guinean kina) in April 1975.

Gallery edit

References edit

External links edit

  • Online Coin Club / Coins from Territory of New Guinea
Preceded by:
German gold mark
Ratio: at par
Currency of New Guinea
1915 – 1942
Concurrent with: Australian pound
Succeeded by:
Oceania pound
Reason: Japanese occupation
Ratio: par
Preceded by:
Oceania pound
Reason: Liberation from Japanese occupation
Currency of New Guinea
1945 – 1966
Concurrent with: Australian pound
Succeeded by:
Australian dollar
Reason: decimalisation
Ratio: 2 dollars = 1 pound


guinean, pound, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, november, 2. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources New Guinean pound news newspapers books scholar JSTOR November 2013 Learn how and when to remove this template message The pound was the currency of the Australian Territory of New Guinea between 1915 and 1966 and replaced the New Guinean mark when Australia occupied the former German colony at the end of World War I The New Guinean pound was subdivided into 20 shillings each of 12 pence and was equal to the Australian pound New Guinean poundUnitPlural Symbol DenominationsSubunit 1 20shilling 1 240pennyPlural pennypenceSymbol shillings or pennydCoins1 2 d 1d 3d 6d 1 DemographicsUser s Territory of New GuineaValuationPegged withAustralian pound at parThis infobox shows the latest status before this currency was rendered obsolete No banknotes were ever issued all denominations larger than one shilling were Australian currency The Australian pound currency circulated alongside coins issued specifically for New Guinea between 1929 and 1945 1 New Guinean coins ceased to be produced in 1945 Between 1942 and 1945 the Oceanian pound circulated issued by the Japanese occupiers Australian coins and banknotes resumed circulation after the war and continued until the Papua New Guinean kina which was introduced on 19 April 1975 replaced the Australian dollar at par The Australian dollar continued to be legal tender in PNG until 1 January 1976 when it was withdrawn Contents 1 Coins 2 Gallery 3 References 4 External linksCoins editIn 1929 nickel halfpennies and pennies as well as cupro nickel pennies were introduced These as well as all subsequent New Guinean coins were holed The inscription on the reverse read Georgius V D G Rex et Ind Imp which translates from Latin as George the Fifth by the Grace of God King and Emperor of India The inscription on the obverse reads Territory of New Guinea These coins are extremely rare as they were withdrawn shortly after being released These coins were followed in 1935 by threepences sixpences and shillings The following year pennies were minted depicting King Edward VIII That was relatively rare because Edward abdicated less than eleven months after succeeding to the throne meaning that most Dominions and colonies which featured the British monarch on their currency had not yet redesigned their coins Coins of varying denominations were minted under the reign of George VI beginning in 1938 In 1945 production of New Guinean coins ceased until Papua New Guinea started circulating its own currency Papua New Guinean kina in April 1975 Gallery edit nbsp 1936 penny obverse nbsp 1936 penny reverse nbsp 1936 shilling nbsp Survey marker bearing the initials of the Territory of Papua and New Guinea and indicating a fine for interference denominated in New Guinean pounds References edit http en numista com catalogue nouvelle guinee 1 html NumistaExternal links edit nbsp Money portal nbsp Numismatics portal Online Coin Club Coins from Territory of New Guinea Preceded by German gold markRatio at par Currency of New Guinea 1915 1942Concurrent with Australian pound Succeeded by Oceania poundReason Japanese occupationRatio par Preceded by Oceania poundReason Liberation from Japanese occupation Currency of New Guinea 1945 1966Concurrent with Australian pound Succeeded by Australian dollarReason decimalisationRatio 2 dollars 1 pound nbsp This article about a unit of currency is a stub You can help Wikipedia by expanding it vte nbsp This Papua New Guinea related article is a stub You can help Wikipedia by expanding it vte nbsp This Australia related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title New Guinean pound amp oldid 1168502835, wikipedia, wiki, book, books, library,

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