N° 2659 | New Zealand 1 Dollar 1975

2659 - New Zealand 1 Dollar 1975
2659 - New Zealand 1 Dollar 1975

Description

KM# 38.2, N# 12404; Copper-nickel., Proof; Elizabeth II; Introduction of Decimal Currency; Mintage 20000 pcs.; With a few hairlines

GPT Description

The New Zealand 1 Dollar coin from 1975 holds a special place in history as it marks the introduction of decimal currency in New Zealand. This coin features a portrait of Queen Elizabeth II and is made of copper-nickel with a proof finish. With a mintage of 20,000 pieces, this coin is a rare and collectible piece for numismatists. Despite having a few hairlines, it still holds value and significance for its historical context. Decimal currency was introduced in New Zealand on July 10, 1967, replacing the previous system of pounds, shillings, and pence. This transition aimed to simplify the country's monetary system and align it with other countries using the decimal system. The New Zealand 1 Dollar coin from 1975 serves as a tangible reminder of this important milestone in the country's financial history.
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