New Zealand two-dollar coin
New Zealand | |
Value | 2.00 kōtuku (Ardea alba modesta) |
---|---|
Design date | 1990 |
The New Zealand two-dollar coin is the largest-denomination coin of the
History
A two dollar banknote was used in New Zealand from the start of the dollar in 1967 until 1991 when the coins became widely circulated.
The original ideas to produce one- and two-dollar coins were proposed in 1986
The effigy was replaced in 1999 by a portrait by Ian Rank-Broadley, which had been introduced to the coins of the pound sterling in 1998. It reversed the position of the writing, moving the Queen's name to the right and the country's name to the left.[4] The reverse features an
The 1997 NZ $2 coin was recalled quickly and destroyed due to an error that resulted in vending machines and parking meters rejecting them. This was due to the metal composition of the coin being slightly different to previous years, meaning that the conductivity of the 1997 coin was irregular. As most coin mechanisms use conductivity to verify a coin, this discrepancy resulted in widespread rejection of the coin.[5]
Minting figures
Year | Mintings |
---|---|
1990 | 30,000,000 |
1991 | 10,000,000 |
1997 | 1,000,000 |
1998 | 6,000,000 |
1999 | 5,050,000 |
2001 | 3,000,000 |
2002 | 6,000,000 |
2003 | 6,000,000 |
2005 | 5,000,000 |
2008 | 8,000,000 |
2011 | 8,000,000 |
2014 | 7,000,000 |
2015 | 3,000,000 |
2016 | 3,000,000 |
2019 | 12,200,000 |
2020 | 5,900,000 |
2022 | 8,000,000 |
Total | 127,150,000 |
Total value: $254,300,000.[6]
Future
After the death of Queen Elizabeth II in September 2022, the Reserve Bank said it would exhaust its existing coin stocks before introducing new coins featuring King Charles III. Based on current stock levels, this would likely be several years away.[7]
References
- ^ "New Zealand Coinage Specifications". Archived from the original on 9 July 2015. Retrieved 15 May 2014.
- ^ a b "Archived copy" (PDF). Archived from the original (PDF) on 12 July 2013. Retrieved 20 December 2012.
{{cite web}}
: CS1 maint: archived copy as title (link) - ^ http://worldcoingallery.com/countries/display.php?image=img3/131-79&desc=New Zealand km79 2 Dollars (1990–1998)&query=New Zealand
- ^ http://worldcoingallery.com/countries/display.php?image=img3/131-2d99&desc=New Zealand km121 2 Dollars (1999--)&query=New Zealand
- ^ "Meters reject 1997 $2 coins". 18 December 2013.
- ^ https://www.rbnz.govt.nz/statistics/f4
- ^ Edmunds, Susan (9 September 2022). "What happens now to New Zealand's coins and bank notes?". Stuff. Retrieved 12 September 2022.