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- New Zealand - One Cent - Pattern - Royal Mint
Product Description
New Zealand - One Cent - Pattern - Royal Mint
| Country | New Zealand |
|---|---|
| Type | Pattern |
| Year | 1966 |
| Value | 1 Cent (0.01 NZD) |
| Metal | Bronze |
| Weight | 2.075 g |
| Shape | Round |
| Orientation | Medal alignment ↑↑ |
| Demonetized | yes |
Obverse
At centre, large 1; no other legend
Lettering: 1
Reverse
At centre, Royal Mint logo
Edge
Plain
Comments
In 1959, a committee was set up to study and report on the introduction of decimal coinage in New Zealand and in 1963 it was announced that the change to a decimal system would take place.
In 1963 Robert Muldoon became Under-Secretary to the Minister of Finance. He was responsibe for the introduction of decimal currency into New Zealand. This trial for a 1 cent coin with the same diameter and edge employed on the adopted coin.
The Decimal Currency Act, 1964 prescribed the designs, diameters, and standard weights of the decimal coins, which first appeared in circulation on 10th July 1967.
