New Zealand 10 cent Charles III N# 434264

Обсуждение Новая Зеландия • 10 Cents - Charles III (1st Portrait)

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What is the reason that more than 22 million coins was minted for circulation and cannot be found?

Regards

Paolo Beltrami from Italy

I collect world coins by type not by date

@SageCollectorPro  - Probably has the answer .. But i think it is because they have been minted but not actually released into circulation yet.

 

Mike

Master Referee - See my profile for what I collect.
 

thank you very much !

Paolo

I collect world coins by type not by date

brismike

i think it is because they have been minted but not actually released into circulation yet.

 

 

This is correct. They were ordered by the Reserve Bank of New Zealand to be minted in Canada but aren't needed yet. There is still an abundance of newer coins in the vaults of RBNZ  so the King Charles coins aren't expected to be released until about 2027. We also don't know how many of the new coins have been delivered.

 

Louis

The latest update on the Reserve Bank of NZ site is on this page: King Charles III Coins.

 

Correct me if I'm wrong, but it doesn't sound like they minted any of the other denominations yet.

 

A related issue: I don't see any indication that they plan to update the $20 banknote with the King's portrait. If I remember correctly, Series 7 with the old Queen's portrait was released posthumously.

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Camerinvs

The latest update on the Reserve Bank of NZ site is on this page: King Charles III Coins.

 

Correct me if I'm wrong, but it doesn't sound like they minted any of the other denominations yet.

 

A related issue: I don't see any indication that they plan to update the $20 banknote with the King's portrait. If I remember correctly, Series 7 with the old Queen's portrait was released posthumously.

 

The current $20 note was released under Queen Elizabeth II's reign.

 

Aidan.

We have a thing called the Reserve Bank of New Zealand. They order all the coins from the mints in Canada (Cents coins) and Llantrisant (Dollar and 2 Dollar coins). The coins are minted and delivered to the vaults owned and run by the Reserve Bank. Then they decide when to release them. Technically they can sit on the coins for years. It is also because NZ is too infantile and basic to have its own mint and relies on mints in other countries.

 

In 1963 the Reserve bank released into circulation half crown and sixpence coins dated 1951, that had been sitting there since then. The coins were not needed in 1951/52 due to huge issuance in 1947/50 as we abandoned silver for muck metal. Hence now a 1951 sixpence and half crown are much cheaper in EF/AU condition than a 1950 or 1953 coin.

 

Because of covid, greedy banks refusing to count cash for free, and shops doing away with cash to make processing easier (They will not pay for security pick ups, bank counting fees and hiring employees to handle it), the amount of cash, especially coins has dropped. Plus add to that the coins are basically worthless and at the single lolly (candy for you Americans) buying level - cash is barely used and hardly needed. I find shiny 2019 and 2020 coins still coming in change. Here eftpos is used for everything, shops can legally refuse cash and the right wing media has made cash sound like something used in the underworld (Drug dealing and the casinos) and the extremely poor (Paying illegal workers cash under the table).

 

The 10 cent coin is our smallest coin and has the least value and use for it. You can buy like one tiny lolly (A cheap sherbet, single plain M and M, or a gum pellet if you are lucky), hence it has almost use anymore. Even vending machines use cards over coins. It may be never we see these 2024 dated coins.

I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society

Camerinvs

The latest update on the Reserve Bank of NZ site is on this page: King Charles III Coins.

 

Correct me if I'm wrong, but it doesn't sound like they minted any of the other denominations yet.

 

A related issue: I don't see any indication that they plan to update the $20 banknote with the King's portrait. If I remember correctly, Series 7 with the old Queen's portrait was released posthumously.

Its funny how you people from advanced countries with large connected populations, their own mints and mines and organised currency systems, have this crazy idea that New Zealand is like them.

 

If they are adults, we are like 3 year olds when it comes to physical money matters. I love my country - but its embarassing how basic and backwards it is in many aspects.

I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society

Dearest Moneytane — I wasn't making any assumptions. I am aware that a country with a population of a little over 5M doesn't have the same needs and (sometimes) capabilities as a country with a population of 40M.

 

If we are going to compare countries in terms of embarassing features, try to beat this one: In Canada, for many sectors of the economy, it's easier for a province to trade with the USA than to trade with other provinces. This has been known for a long time, but it's only now, in the context of the madness going on south of the border, that this issue seems to be finally being addressed.

 

An example: wine, beer and spirits. The trade between provinces is nightmarish for Canadian producers because of provincial legislations and bureaucracies — each province having their own rules. It's much easier to sell BC or Ontario wine in the USA than in Alberta, for example.

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Not angry in the slightest. I was attacking my country I felt this was a good question and just wanted to clarify some misunderstandings, as NZ is regarded as a prosperous 1st world country that is self contained in many areas. In reality we are nearly 3rd world and still have a colonial lets rely on Mama Britain and Daddy America mentality. Plus we get jealous when big brother (Australia) gets more recognition.

 

NZ's poor control of its weak currency is one of our many failures besides a repellent government and immigration thats way out of control, brain drain and broken education and health systems. We were a paradise in 1950, now we are a joke.

 

Coins and their release dates are no concern to most New Zealanders, some of whom think the $1 and $2 are made out of real gold. With a govt that is killing our economy (Down 1% last quarter, the only developed country besides Canada to drop), most people are focussed on the cost of living and praying they don't get sick, to worry about the dates on a 10 cent piece. We have been in a continual recession since 2008.

 

I actually like Canada, and don't envy you having to put up with that insane monster next door. Like you Trump lied to us and imposed a 15% tariff, when they had promised 10% (The reason was NZ had a surplus over the USA and USA wants other countries to be in debt to them), plus they are a bit sore, we are closer to China than most places. In addition NZ like Canada has left leaning policy on nuclear weapons and militarisation despite a run of right wing governments every now and then like the one we have now (Will be gone in 12 months).

 

Hopefully 2028 will come and Trump will be gone and the world will settle down, I like to hope.

I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society

collector sets were made and sold.

they appear to have been sold out.

see

 

https://collectables.nzpost.co.nz/shop-collectables/coins/new-zealand-coins/currency-sets/?page=1

pksaha

collector sets were made and sold.

they appear to have been sold out.

see

 

https://collectables.nzpost.co.nz/shop-collectables/coins/new-zealand-coins/currency-sets/?page=1

I have already added the latest NZ Year Set to Numista. The set coins are minted by the Royal Dutch Mint.

They are also different metal composition than the Circulation versions so each set coin gets a separate Numista page.

 

https://en.numista.com/catalogue/set.php?id=390

Master Referee - See my profile for what I collect.
 

Thanks

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