New Zealand five-cent coin
|Value||0.05 New Zealand dollars|
|Years of minting||1967 - 2004|
|Design||Queen Elizabeth II|
|Design||A tuatara, native only to New Zealand, sitting on a coastal rock.|
|Designer||Reginald George James Berry|
The New Zealand five-cent coin was the lowest denomination coin of the New Zealand dollar from 1990 to 2006. The five-cent coin was introduced when the New Zealand dollar was introduced on 10 July 1967, replacing the New Zealand sixpence coin. On 31 July 2006 it was eliminated as part of a revision of New Zealand's coins, and it was demonetised (no longer legal tender) as of 1 November 2006.
The five-cent coin was introduced on 10 July 1967 with the decimalisation of New Zealand currency, where the New Zealand dollar replaced the New Zealand pound at a rate of two dollars to a pound, with six pence in the old pound currency equaling five cents in the new one. The new five cent coin was the same size and composition as the old sixpence coin it replaced to ease the transition. The coin was made of cupronickel, 19.43 mm in diameter, and weighed 2.83 grams.
By the early 2000s, the five-cent coin had become of little value due to inflation. The coin was subsequently demonetised effective 1 November 2006.