The New Zealand one-cent coin (minted 1967-1987, demonetised 1990), was the smallest denomination coin of the New Zealand dollar from the currency's introduction in 1967 to its demonetisation, along with the two-cent coin, on 30 April 1990.[1] With a diameter of 17.53 millimetres, it is the smallest coin ever issued of the dollar, and at 2.07 grams in mass the lightest as well. Its reverse featured a fern leaf, a sign of New Zealand, associated also with its national rugby union team. The image was designed by Reginald George James Berry, who designed the reverses for all coins introduced that year.
Coins of the New Zealand dollar were introduced on 10 July 1967 to replace the pre-decimal New Zealand pound, which was pegged to the British pound. The dollar was pegged at two to a pound, thus 200 cents to the pound. Although New Zealand's previous one-penny coin was 1/240 of a pound, the one-cent coin was made as an exact replacement for the penny's value.[1] The original obverse was Arnold Machin's portrait of Queen Elizabeth II, and was used until 1985.[2]
In 1986 the portrait was changed to the version by Raphael Maklouf,[3] introduced to the coins of the pound sterling in 1985. In 1988, the bronze one and two-cent coins had become too expensive to produce as inflation lowered the value of the dollar and their minting ceased. They remained legal tender until 30 April 1990.
Minting figuresedit
According to the Reserve Bank of New Zealand[4] no one-cent coins were issued in 1968 or 1969 due to the large amount issued on their introduction in 1967, or in 1977. In years with no regular mintings, coins were still issued in mint sets.
1967: 120,000,000
1970: 10,100,000
1971: 10,000,000
1972: 10,000,000
1973: 15,000,000
1974: 35,000,000
1975: 60,000,000
1976: 20,000,000
1978: 15,000,000
1979: 35,000,000
1980: 40,000,000
1981: 10,000,000
1982: 10,000,000
1983: 40,000,000
1984: 30,000,000
1985: 40,000,000
1986: 25,000,000
1987: 27,500,000
Total issued: 552,600,000
Total value: $5,526,000.00
Counting proofs and coins in mint sets, a total of 553,466,065 (553 million) coins of the denomination were minted during its existence.[5]
zealand, cent, coin, decimalization, penny, zealand, penny, minted, 1967, 1987, demonetised, 1990, smallest, denomination, coin, zealand, dollar, from, currency, introduction, 1967, demonetisation, along, with, cent, coin, april, 1990, with, diameter, millimet. For the pre decimalization penny see New Zealand penny The New Zealand one cent coin minted 1967 1987 demonetised 1990 was the smallest denomination coin of the New Zealand dollar from the currency s introduction in 1967 to its demonetisation along with the two cent coin on 30 April 1990 1 With a diameter of 17 53 millimetres it is the smallest coin ever issued of the dollar and at 2 07 grams in mass the lightest as well Its reverse featured a fern leaf a sign of New Zealand associated also with its national rugby union team The image was designed by Reginald George James Berry who designed the reverses for all coins introduced that year One centNew ZealandValue0 01 New Zealand dollarsMass2 07 gDiameter17 53 mmEdgePlainCompositionbronzeYears of minting1967 1987Catalog number ObverseDesignElizabeth II Queen of New ZealandDesignerRaphael MakloufDesign date1986ReverseDesignA fern leaf around the number 1DesignerReginald George James BerryDesign date1967 Contents 1 History 2 Minting figures 3 See also 4 ReferencesHistory editCoins of the New Zealand dollar were introduced on 10 July 1967 to replace the pre decimal New Zealand pound which was pegged to the British pound The dollar was pegged at two to a pound thus 200 cents to the pound Although New Zealand s previous one penny coin was 1 240 of a pound the one cent coin was made as an exact replacement for the penny s value 1 The original obverse was Arnold Machin s portrait of Queen Elizabeth II and was used until 1985 2 In 1986 the portrait was changed to the version by Raphael Maklouf 3 introduced to the coins of the pound sterling in 1985 In 1988 the bronze one and two cent coins had become too expensive to produce as inflation lowered the value of the dollar and their minting ceased They remained legal tender until 30 April 1990 Minting figures editAccording to the Reserve Bank of New Zealand 4 no one cent coins were issued in 1968 or 1969 due to the large amount issued on their introduction in 1967 or in 1977 In years with no regular mintings coins were still issued in mint sets 1967 120 000 000 1970 10 100 000 1971 10 000 000 1972 10 000 000 1973 15 000 000 1974 35 000 000 1975 60 000 000 1976 20 000 000 1978 15 000 000 1979 35 000 000 1980 40 000 000 1981 10 000 000 1982 10 000 000 1983 40 000 000 1984 30 000 000 1985 40 000 000 1986 25 000 000 1987 27 500 000 Total issued 552 600 000 Total value 5 526 000 00Counting proofs and coins in mint sets a total of 553 466 065 553 million coins of the denomination were minted during its existence 5 See also edit nbsp Money portalCoins of the New Zealand dollarReferences edit a b The history of New Zealand coins Reserve Bank of New Zealand Te Putea Matua Worldcoingallery com worldcoingallery com Retrieved 2023 11 03 Worldcoingallery com worldcoingallery com Retrieved 2023 11 03 Coin mintings F4 Reserve Bank of New Zealand te Putea Matua One Cent from New Zealand Online Coin Club Retrieved from https en wikipedia org w index php title New Zealand one cent coin amp oldid 1193793702, wikipedia, wiki, book, books, library,
