New Zealand | |
Value | 2s (£NZ) |
---|---|
Mass | 11.31 g |
Diameter | 28.60 mm |
Edge | Milled |
Composition | 1933–1946: 50% silver, 50% quaternary alloy 1947–1965: cupronickel (75% copper, 25% nickel) |
Years of minting | 1933-1965 |
Obverse | |
Design | Crowned bust of George V |
Designer | Percy Metcalfe |
Reverse | |
Design | A kiwi |
Designer | George Kruger Gray |
The florin is a coin issued for the New Zealand pound from 1933 to 1965, equal to two shillings or twenty-four pence. The coin features a kiwi on the reverse and the reigning monarch on the obverse. It was introduced in 1933 as part of the first issue of New Zealand pound coinage, due to shortages of British silver coins resulting from the devaluation of local currency relative to the pound sterling. A lengthy design process was further protracted due to differing proposed design motifs between the Royal Mint, supporting a reverse design featuring heraldic ships, and the Gordon Coates–appointed Coinage Committee's proposed kiwi design. This disagreement led to almost a dozen proposed designs and revisions before the finalised issue entered circulation in February 1934. Initially struck in silver by the Royal Mint to replace the previous imperial florin, it was struck in cupronickel from 1947 due to rising precious metal prices. While proposed as the base of a decimalised New Zealand coinage since the 1930s, the florin was ultimately replaced in 1967 by the coinage of the New Zealand dollar. Florins remained legal tender with a value of 20 cents until 31 October 2006. [1]
The British florin (or two-shilling piece) was a large silver coin, first entering circulation under Victoria in 1849. [2] It began to circulate in New Zealand during the mid-19th century alongside various other silver coinage, including American, Spanish, French, and Dutch issues and with other British silver denominations. The share of British silver greatly increased following the confirmation of the pound sterling as the sole legal tender in 1858. [3] Australia began issuing its own coinage in 1910, including the Australian florin. Widespread circulation of Australian silver coinage in New Zealand began in 1930, when Australia devalued the Australian pound relative to the pound sterling. Large amounts of the devalued Australian currency began to flood into New Zealand, eventually making up 30-40% of all coinage in circulation by early 1933. Counterfeited silver coins, especially British and Australian florins (as the largest silver coinage in common circulation), became common throughout the country. [4]
New Zealand followed in devaluing the New Zealand pound in 1933, triggering mass smuggling of silver coinage to Britain and its other colonial possessions. After several decades of proposals, the New Zealand government pursued the creation of a domestic coinage the same year. [4] [5] The Coinage Act 1933, defined the florin as a silver coin of 11.31 grams, minted in silver of .500 fineness. [6] Unlike in Australian coinage, the florin was not the largest common denomination, as a half-crown with a value of 2½ shillings was produced. [7] Although domestic firms offered to produce the coinage, the New Zealand government deemed that domestic facilities were not sufficient for mass production, and contracted with the Royal Mint for minting. [4]
All coinage obverses from the initial 1933 issue featured a crowned bust of George V designed by Percy Metcalfe, initially for use on the Southern Rhodesian pound. This was based on an older crowned bust by Australian sculptor Bertram Mackennal, used on the coinage of other British colonies and dominions. Reverse designs were a matter of collaboration between the Royal Mint and the New Zealand government. Deputy Master of the Royal Mint Robert Johnson, inspired by Percy Metcalfe's 1928 designs for coinage of the Irish Free State, suggested the use of local birds as design motifs, alongside elements of the coat of arms of New Zealand for larger denominations. Local artists and members of the New Zealand Numismatic Society were consulted throughout the design process, but British designers were tasked with creating an initial series of designs, despite requests from local art societies for domestic artistry of the coins. Metcalfe and George Kruger Gray were experienced artists who had each previously designed coinage for several other British dominions and colonies. The two were tasked to submit designs for each of the five initial silver denominations of coinage. [5] [8]
Initially holding to Johnson's suggestion of heraldic motifs, both designers submitted designs for the florin to the Royal Mint Advisory Committee, composed of various British artists and heraldists, as well as several New Zealand ministers. Kruger Gray's initial design featured a heraldic lion holding a Union Jack – used at the time as the royal crest of New Zealand – surrounded by a wavelike design inspired by Māori whakairo. Metcalfe submitted two designs: the first featured the fleece of the New Zealand arms overlaid by the stars of the Southern Cross; the latter, preferred by the committee, used the three lymphads (heraldic galleys) featured on the national arms arranged in a triangle, beneath the abbreviation "N·Z". After deliberations by the Advisory Committee, Kruger Gray was tasked to make a new pattern inspired by Metcalfe's lymphad design. Gray's model featured more elaborate renderings of the ships, alongside a fully spelled "New Zealand". Kruger Gray's initials, a small "KG" acronym, were made smaller, as Royal Mint advisors feared the name Kruger would draw uncomfortable local connotations with South African politician Paul Kruger. [5]
We cannot serve two masters in NZ and I think the [High Commissioner] will agree with me, that at our last meeting with the Premier and the other Ministers present, the Premier definitely decided that the Committee was going beyond its province in laying down the law about designs at all, and that in any case his decision was final.
Robert Johnson,23 August 1933 [5]
New Zealand's prime minister George Forbes held a very weak premiership, and finance minister Gordon Coates served de facto as acting prime minister, especially during Forbes' extended stays in Britain. [9] In July 1933, Coates appointed a Coinage Design Committee, composed of various local artists alongside members of the New Zealand Numismatic Society. This new committee took significant issue with the approved coinage designs, describing the ships on Metcalfe's and Kruger Gray's florin as unrepresentative of those used in New Zealand history. The Design Committee instead requested a naturalistic rendering of the kiwi, previously featured in an abstract fashion on a pattern shilling, to be used as the central motif of the florin reverse. The committee considered it important for the florin to feature New Zealand's national bird, as it was proposed as the base coin of a future decimalised coinage system. Kruger Gray disliked the requested modifications to the kiwi design, but was heartened to hear from Robert Johnson, explaining that Prime Minister Forbes still wished to use the Advisory Committee's original design suggestions. [5]
Kruger Gray continued work on the Advisory Committee's approved design, rendering the ships smaller and writing "TWO SHILLINGS" in lieu of "FLORIN" at the base of the reverse. Coates contacted the Royal Mint, reiterating the request of the Design Committee for new designs, alongside further specifications for various coinage. By August, the Advisory Committee decided to continue onward with the original designs, citing the urgent need for domestic coinage and the delay any such redesign would cause. The possibility of the redesigns' issue being postponed until 1934 was proposed in a draft telegram to Coates. Privately, the Advisory Committee aimed to stall until Forbes' return to New Zealand on 20 September, upon which Coates would lose acting ministerial powers and work could continue on the original designs. However, Forbes ultimately conceded to Coates and the Coinage Design Committee upon his return to New Zealand, alerting the Royal Mint in early October to continue with the redesign. Kruger Gray scrapped his lymphad design and began work on the new kiwi design. [5]
The Royal Mint originally planned to directly transfer the pattern shilling design to the florin, preserving the kowhaiwhai motif for consistency with the half-crown. Coates rejected this proposal, writing "Kiwi design originally suggested by Mint for 1/- [...] not acceptable. Pending the receipt by you of sketchings, please see [...] Oliver's New Zealand Birds [...] Maori ornamentation to be eliminated." [5]
The "pine cone" kiwi was thus replaced with a naturalistic depiction based on a North Island kiwi traced from Walter Oliver's ornithological reference work. This bird faced left with its head bowed, a horizon line was added to the relief, and "FLORIN" returned as the coin's inscribed denomination. Johnson took issue with the placement of Kruger Gray's initials, writing that the design looked as if the kiwi was "suffering from so violent a need to [defecate] that he had propelled the pellet out with considerable violence". [5] He suggested Kruger Gray place a silver fern to the rear of the kiwi to minimise this effect. Instead, Kruger Gray shrunk his initials and shifted them towards the rim of the coin, in line with the date. [5]
Despite significant delays, work on the coinage continued through November 1933. The Royal Mint had become impatient with Coates' continued intervention in the design process. Coates sent a "grotesque" sketch of a kiwi to the Royal Mint, which was ignored in favour of Gray's pattern rendering. [5] The coins entered production in 1934, with the first florins entering the country at Wellington on 17 February. The coins were still dated 1933, despite the delays. The florin's reverse design would be unmodified until decimalisation in 1967, and its obverse shared the renderings of the British monarchs featured on all other New Zealand coinage. Dies were prepared for Edward VIII's reign, but upon his abdication were destroyed before any coins could be struck. [4]
The new florin became popular with the New Zealand public. [5] Ethnologist Johannes Andersen, quoted in Dominion , described the florin as particularly well-designed, with the hairy feathers and bristles of the kiwi depicted faithfully; however, he suggested the horizontal ground was not apparent in the design, and should be stippled to produce a more pronounced effect. [10]
The initial mintage of 2,100,000 florins in 1933 was followed by an additional 2,850,000 in 1934, but mintages sharply declined to only a few hundred thousand in the years following. Following the production of 1,200,000 with the ascension of George VI in 1937, no florins were minted at all in 1938 and 1939. Afterwards, mintages consistently alternated between a hundred thousand and several million, besides a seven-year gap from 1954 to 1960 when no florins were produced. Extremely small proof mintages began alongside the initial release in 1933, although the mintage numbers increased as they were periodically issued over the following decades. [11] Unlike Australia, no commemorative issues of the florin were produced, with New Zealand instead issuing commemorative crowns and half-crowns. Due to high prices of silver in the years following World War II, previously silver denominations (including the florin) were instead made of a cupronickel alloy from 1947, besides a commemorative crown issue in 1949. Much silver coinage was recalled from circulation and melted down by banks. While initially proposed as the base of a decimal coinage, the denomination was abolished in 1967 in favour of the new denominations of the New Zealand dollar. [4]
Date | 1933 | 1934 | 1935 | 1936 |
---|---|---|---|---|
Mintage | 2,100,000 | 2,850,000 | 755,000 | 150,000 |
Date | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mintage | 1,190,000 | 0 | 0 | 500,000 | 820,000 | 150,000 | 1,400,000 | 140,000 | 515,000 | 1,200,000 | 2,500,000 | 1,750,000 | 3,500,000 | 3,500,000 | 2,000,000 | 0 |
Date | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mintage | 250,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,500,000 | 1,500,000 | 100,000 | 2,000,000 | 9,450,000 |
The standard circulating coinage of the United Kingdom, British Crown Dependencies and British Overseas Territories is denominated in pennies and pounds sterling, and ranges in value from one penny sterling to two pounds. Since decimalisation, on 15 February 1971, the pound has been divided into 100 (new) pence. Before decimalisation, twelve pence made a shilling, and twenty shillings made a pound.
The British florin, or two-shilling piece, was a coin worth 1⁄10 of one pound, or 24 pence. It was issued from 1849 until 1967, with a final issue for collectors dated 1970. It was the last coin circulating immediately prior to decimalisation to be demonetised, in 1993, having for a quarter of a century circulated alongside the ten-pence piece, identical in specifications and value.
The pound was the currency of Australia from 1910 until 14 February 1966, when it was replaced by the Australian dollar. Like other £sd currencies, it was subdivided into 20 shillings, each of 12 pence.
George Edward Kruger Gray was an English artist, best remembered for his designs of coinage and stained glass windows.
There have been three sets of coins in Ireland since independence. In all three, the coin showed a Celtic harp on the obverse. The pre-decimal coins of the Irish pound had realistic animals on the reverse; the decimal coins retained some of these but featured ornamental birds on the lower denominations; and the euro coins used the common design of the euro currencies. The pre-decimal and original decimal coins were of the same dimensions as the same-denomination British coins, as the Irish pound was in currency union with the British pound sterling. British coins were widely accepted in Ireland, and conversely to a lesser extent. In 1979 Ireland joined the Exchange Rate Mechanism and the Irish pound left parity with sterling; coin designs introduced after this differed between the two countries.
The coins of the South African pound were part of the physical form of South Africa's historical currency, the South African pound. Prior to the Union of 1910, various authorities issued their own pounds, some as independent entities. After the Union but before 1923, coins in circulation were mostly British, but the coins of Paul Kruger's South African Republic remained in circulation. In 1923, South Africa began to issue its own coins, adopting coins that were identical in size and value to those used in Great Britain: 12 pence (12d) = 1 shilling (1s), and 20s = 1 pound (£1). On 14 February 1961, the Union of South Africa adopted a decimal currency, replacing the pound with the Rand.
The Australian florin was a coin used in the Commonwealth of Australia before decimalisation in 1966. The florin was worth two shillings . The denomination was first minted in 1910 to the same size and weight as the British florin.
The coins of the New Zealand dollar are used for the smallest physical currency available in New Zealand. The current denominations are ten cents, twenty cents, fifty cents, one dollar and two dollars. The $1 and $2 coins are minted in a gold colour, the 20c and 50c coins are silver colour and the 10c coin is plated in copper.
The shilling, informally called a "bob", was a type of silver coinage issued by the Commonwealth of Australia, that circulated prior to the decimalisation of Australian coinage. The Australian shilling was derived from the British pre-decimal sterling pound system and was first issued following the passing of the Australian Coinage Act 1909, which established Australia's first formal currency system. The shilling was issued as part of Australia's silver coinage, which included the two-shilling (florin), the sixpence and the threepence. The shilling was minted from 1910 until 1963. During this period there was one significant modification to the design of the Australian shilling, the change in its reverse design, which occurred in 1938 when the design was altered from the Australian coat of arms (1910–1936) to the visage of a Merino ram's head (1938–1963).
The Jubilee coinage or Jubilee head coinage are British coins with an obverse featuring a depiction of Queen Victoria by Joseph Edgar Boehm. The design was placed on the silver and gold circulating coinage beginning in 1887, and on the Maundy coinage beginning in 1888. The depiction of Victoria wearing a crown that was seen as too small was widely mocked, and was replaced in 1893. The series saw the entire issuance of the double florin (1887–1890) and, in 1888, the last issue for circulation of the groat, or fourpence piece, although it was intended for use in British Guiana. No bronze coins were struck with the Jubilee design.
The Old Head coinage or Veiled Head coinage were British coins struck and dated between 1893 and 1901, which featured on the obverse a portrait by Thomas Brock of an aged Queen Victoria wearing a diadem partially hidden by a widow's veil. It replaced the Jubilee coinage, struck since 1887, which had been widely criticised both for the portrait of the Queen, and because the reverses of most of the coins did not state their monetary values. Some denominations continued with their old reverse designs, with Benedetto Pistrucci's design for the sovereign extended to the half sovereign. New designs for some of the silver coinage were inaugurated, created either by Brock or by Edward Poynter, and all denominations less than the crown, or five-shilling piece, stated their values.
The halfpenny was first issued in New Zealand in 1940, seven years after the first introduction of a domestic pound coinage. The coin's issuing was scheduled to align with the centennial of the Treaty of Waitangi and the New Zealand centennial, alongside the penny and centennial half-crown. The coin was designed by New Zealand artist Leonard Cornwall Mitchell after winning a government-sponsored design competition, and then modelled by Royal Mint designer Percy Metcalfe. The halfpenny features the head of the reigning monarch on the obverse, with a hei-tiki pendant ornamented and simplified kowhaiwhai woodcarvings on the reverse. The smallest of all denominations of the New Zealand pound, the copper coin was worth 1/480th of a pound, or 1/120th of a crown, the largest coinage denomination. It was discontinued alongside all other New Zealand currency following decimalisation in 1967.
The Waitangi crown is a commemorative crown coin struck in 1935 by the British Royal Mint for the Dominion of New Zealand to commemorate the 1840 signing of the Treaty of Waitangi, often seen as New Zealand's founding constitutional document. It was the first five-shilling piece minted of the New Zealand pound and the nation's first coin minted primarily for collectors. Following the rejection of designs by James Berry and George Kruger Gray, Royal Mint designer Percy Metcalfe was commissioned to design the reverse. Design disagreements plagued the production of the crown, and only an extremely small mintage of 1,128 was struck and distributed to collectors. Released to muted media coverage and a general lack of interest in coin collecting during the economic aftermath of the Great Depression, the coin has become heavily sought by collectors of New Zealand coinage. Regularly selling for thousands of dollars, one pattern issue of the coin auctioned at over $70,000 USD, becoming the most expensive New Zealand coin ever sold.
The first coinage of the New Zealand pound was introduced in 1933 in response to large-scale smuggling of prior British imperial coinage after devaluation of New Zealand exchange rates relative to the pound sterling and large influxes of other foreign coinage into circulation. The Coinage Act, 1933 outlined the weights and compositions of various denominations, out of which five silver issues entered circulation over the following year, after lengthy disagreement between rival coinage design committees. The copper penny and halfpenny entered circulation in 1940, corresponding to anniversary of the New Zealand centennial. An eighth denomination of coin, the five-shilling piece or crown, was produced solely through three commemorative issues. The first issue, the Waitangi crown, was produced in extremely limited quantities and sold to collectors. Later commemorative crown issues in 1949 and 1953 were produced for circulation.
The New Zealand penny is a large bronze coin issued from 1939 to 1965. Introduced seven years after the larger denominations of New Zealand pound coinage, the coin's issuing was scheduled to align with the centennial of the Treaty of Waitangi and the New Zealand centennial, alongside the halfpenny and centennial half-crown. Featuring the standard portrait of the ruling monarch on the obverse, the reverse features a tūī bird perched atop a kōwhai branch.
The New Zealand shilling was first issued in 1933 alongside four other denominations of New Zealand pound coinage, introduced due to shortages of comparable British silver coinage following the devaluation of the New Zealand pound relative to the pound sterling. Roughly 24 mm in diameter, it is slightly larger than the British coin it replaced. Worth twelve pence, the denomination was equal to half a florin, two sixpence, or two-fifths of a half-crown.
The New Zealand threepence is a coin of the New Zealand pound issued from 1933 to 1965. Equal to three pence, the coin was the smallest in size of all New Zealand pound coinage and the smallest in denomination of the initial 1933 issue of New Zealand pound coinage, produced due to shortages of British silver coins resulting from the devaluation of local currency relative to the pound sterling. British artist George Kruger Gray designed the coin's reverse design after an earlier pattern design featuring a hei-tiki was rejected by a coinage design committee organised by Gordon Coates. It features two crossed patu below the label "3d". Initially struck in silver by the Royal Mint, it was struck in cupronickel from 1947 onward due to rising precious metal prices. Following decimalisation in 1967, the threepence was replaced by the coinage of the New Zealand dollar.
The New Zealand sixpence is a coin of the New Zealand pound issued from 1933 to 1965. Equal to twice a threepence or half a shilling, the sixpence was one of five denominations of silver coins introduced in the initial issue of New Zealand coinage in 1933. Early designs for the coin featuring spears and silver ferns were rejected by design committees in Britain and New Zealand. The coin's final reverse, designed by George Kruger Gray, features a female huia, an extinct New Zealand bird, perched atop a branch. Issued in 50% silver until a postwar rise in silver prices triggered a shift to cupronickel in 1947, the coin was minted with relative consistency until 1965, when it was discontinued following decimalisation and the adoption of the New Zealand dollar.
The half-crown is the largest of five denominations of New Zealand pound coinage first issued in 1933. Introduced due to shortages of comparable British silver coinage following the devaluation of the New Zealand pound relative to the pound sterling, the coin measures roughly 32 mm (1.3 in) in diameter. It was equal to thirty pence, two and a half shillings, or an eighth of a pound.
The Centennial half-crown is a commemorative coin of the New Zealand half-crown released in 1940 to coincide with the hundredth anniversary of the Treaty of Waitangi. A 1938 government-sponsored design competition for the commemorative half-crown, alongside the concurrently released penny and halfpenny, was won by New Zealand artist Leonard Cornwall Mitchell. The coin features a Māori woman surrounded by traditional Māori architecture on her right, a modern cityscape on her left, and a rising sun behind her head. The coin, like other contemporary New Zealand half-crowns, had a diameter of 32 mm and a weight of 14.14 grams, and was struck by the Royal Mint in .500 fineness silver. Unlike the Waitangi crown, the first New Zealand commemorative issue, a large mintage of 100,800 coins was produced and released directly into circulation at face value. However, the popularity of the coin led to it rapidly exiting circulation into private collections.