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Replies: 192 / Views: 22,983 |
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Pillar of the Community
 4628 Posts |
1958 Another humdrum yearThis was a fairly dull year as far as our coins went, like all of the 1954/60 period, but at least 1954 to 1957 all had at least one scarce coin or interesting variety 1958 offers very little it seems.  1958 coins, mostly EF but a VF shilling and UNC! Halfpenny. Numbers issued in 1958 Shillings - 1,000,000 Sixpences - 3,000,000 Threepences - 4,800,000 Pennies - 10,800,000 Halfpence - 1,920,000 Broken back shillings - unknown - poss 100,000 or so. Total coins issued - 21,520,000 Face Value - £234,000 The 1958 Shillings included a broken back variety like the 1942, but less rare. I don't have one, but an average one starts at $25 going up to the mid $100s, Standard 1958 coins are only $20 - $50 each UNC and I probably could go after a few more of them. By now, very few coins are worth much in higher grades unless they are rare errors or varieties. There is little interest in coins from 1958, due to the lack of precious metals and no coins above 1/-. Numbers of all coins issued were at least adequate with a good number of sixpences for once. Another very high mintage of pennies was also placed out.   Uncirculated 1958 Threepence   Almost Uncirculated 1958 Sixpence (Both coins bought in 6/21) Many people generally do not buy AU/UNC coins as an average coin from this era is VF and a few are pushing EF. I guess I just wanted some bling in my collection. Otherwise little else happened, 1958 was a brief recession with a black budget, but 1959 saw the return of the good times and these lasted until the late 1960s. By this stage most people had money in their pockets, but not much to spend it on. For instance here, you could only buy a new car by having overseas funds and then importing it from the UK (A few local factories assembled them, but had huge waiting lists and NZ assembled cars were not regarded for their quality). Also by this stage 99% of our cars were British or Australian makes unlike before WW2 when American cars were more widespread. No Chevies or Caddies for us - Ford Prefects and Zephyrs if we were lucky. In fact in 1958 some people were still driving around in 1927 Hupmobiles! Next 1959 - more of the same.
Edited by Princetane 02/08/2022 01:57 am
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Valued Member
Australia
215 Posts |
The only pre-decimal coin I've ever found in circulation over here was a 1958 NZ Shilling. Didn't know mintage was only 1 million. I wonder were I put it. 
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Bedrock of the Community
United Kingdom
18014 Posts |
Very interesting again! Quote: In fact in 1958 some people were still driving around in 1927 Hupmobiles! I first visited NZ in 1973 and was amazed at the number of incredibly old cars in the road. Even in the late 1990s I remember walking down a pretty average street in Dunedin and seeing three or four Hillman Hunters - I hadn't seen one in the UK for years!
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Pillar of the Community
 4628 Posts |
It's all true growing up poor in the 1980s, all of us and the people we knew drove clapped out wrecks from the 1960s. I used to laugh at these cars and a few people had better cars, mostly assembled locally. I called the 1960s cars old bombs and "Bomby cars". The funniest was a bubble car called a Morris Oxford and one guy with a viva that barely moved, along with a rusted Singer Gazelle (That was a heapy car).
My Dad had a Wolseley 16/60 from 1964 until 1986. It was a nice car once, but was a rusted pile of junk by the time he had it, half tank and half car. My Mum ran through a series of clapped out Mini 850s and Austin 1100s.
The big change was the arrival of Japanese imports in the late 1980s and early 1990s. Overnight the Vauxhall Vivas, Singer Gazelles, Wolseleys, Austins and Holden HQs were replaced by a 1981 Mitsubishi sigma and 1982 Corollas and Slyphys.
The fact you still saw this junk in the late 1990s was amazing, a few 70s wrecks survived into the 1990s, and you likely saw scarfies (Otago university students, who wore scarfs to keep out the cold winds) and their cars which cost about $200 or the Undy 500 race. This was an annual car run from Christchurch to Dunedin in cars costing under $500. Most of the cars died on the way down to Dunedin with its 2 major hills the Killmog and the Leith Valley. The race ended around 2000 after contractors got sick of collecting wrecked and dead cars off the Killmog (a 200m high hill).
As far as old cars go now, the oldest are mid 1990s Japanese imports, in 1958 most people had a car and the oldest would have been 1920s, probably less than half would be post war. One of my newspapers from 1965 had cars from 1960 costing over £1000 second hand and a 1926 Studebaker runabout for £5!
Oz Leigh - 1 million as you will see, was actually a very high mintage for shillings, so sorry to burst your bubble when you see the years with like 200,000 minted.
Edited by Princetane 02/08/2022 04:28 am
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Valued Member
Australia
215 Posts |
Quote: 1 million as you will see, was actually a very high mintage Yet over here people think the 1972 5 cent is something special with mintage of 8 million and go ga-ga over purple coronation $2 with 1 million mintage. 
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Pillar of the Community
 4628 Posts |
I guess because in 1958, NZ had about 2.3 million people and they needed a lot fewer coins than Australia now with 25 million people.
Plus those coins like $2 coronation and 1972 5 cents are known collectibles - no one was actively collecting everyday coins of NZ then except maybe 1935 Threepences and the Waitangi Crown.
Plus the hype and brouhaha surrounding coins now, did not exist back then.
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Pillar of the Community
 4628 Posts |
1959 More of the same1959 was the same as 1958, except a few less coins were minted, as far as I know no interesting varieties or errors exist from this year  My 1959 Group, all EF except AU ½d and VF Penny and Threepence. Coins issued in 1959 Shillings - 600,000 Sixpences - 2,000,000 Threepences - 4,000,000 Pennies - 8,400,000 Halfpence - 1,920,000 Total coins minted - 16,920,000 Face Value £169,000  Tails shot showing the Strapped portrait of the Queen used between 1956 and 1965. 1959 saw slightly less numbers issued of all coins, except the Halfpenny which had the same. Again shilling numbers were quite low and no bigger coins had been issued in any great numbers since 1951 (The 1953 ones were minimal mintages) and by this stage, surely the ones in circulation were getting pretty worn. In 1959 a lot of silver was likely still circulating too and the price of silver remained low. The Penny and Threepence again are the most common and numbers of the Sixpence and Halfpenny are adequate. The other thing about mintages from this era was the neat numbers minted ending in round figures. Even the weird numbers of Bronze coins minted equate to £35,000 worth of pennies and £4,000 worth of halfpennies. No annual sets of coins were issued until 1965 and regular annual sets only started with decimal coins. However assembling a set of UNC 1959 coins should not be too hard and cost just a couple of hundred dollars.   My uncirculated 1959 Sixpence. Once we enter the 1960s we enter the last phase of predecimal coins and apart from some scarcer coins in 1961 and 1963, most of the coins I show will be shine fests. Next 1960 - the last unremarkable year.
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Moderator
 United States
189767 Posts |
You have some nice examples of the "boring" years.  Quote: Next 1960 - the last unremarkable year. 
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Pillar of the Community
 4628 Posts |
Thank you I am fond of them too!
I just say these years are unremarkable, as it was really the same 5 coins every year and they were base metals. I mean the stuff that happened in the 30s and 40s with issuing numbers and errors.
None of the mid/late 50s stuff is that rare or interesting beyond the varieties and errors.
As we enter the 60s, things get more interesting and there are even more shiny coins for you all to see.
Edited by Princetane 02/09/2022 12:31 pm
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Moderator
 United States
189767 Posts |
Quote: I just say these years are unremarkable, as it was really the same 5 coins every year and they were base metals. Pretty much describes the US coins from 1982 to 1998.  If not for the bicentennial (1975-1976), you could stretch that back to 1971 when we had the dollar coins. Or back to 1965 if you do count the 40% silver half dollars as anything special (1965-1970). I am not including any NCLT stuff here (proof coins, 40% silver issues, and commemorative released starting in 1982).
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Pillar of the Community
 4628 Posts |
I agree, the fact I have a large number of post 1964 American coins is a sign they MUST be common and unremarkable.
Actually its a lot of fun filling gaps when you buy in bulk lots - but for some reason I have a lot of 1964 Nickels and 1974 Dimes for some reason! I decided to collect one of each mint mark for each year.
Also here in New Zealand, not surprisingly most of the older silver American coins we have are San Francisco ones and the modern ones are likely to be Denvers over Phillys.
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Pillar of the Community
 4628 Posts |
1960 - The last "Unremarkable year"1960 was the last year of no Florins or Halfcrowns and the last year in which it was business as usual. Every year would be memorable for something after it.  My 1960 selection - by now its all EF or almost so. The 3d and 6d are practically UNC Coins issued in 1960 Shillings - 600,000 Sixpences - 1,600,000 Threepences - 4,000,000 Pennies - 7,200,000 Halfpennies - 2,400,000 Total coins issued - 15,800,000 Face Value - £155,000 1960 saw another low mintage of shillings (Still it was better than the no mintage of Halfcrowns and Florins), I guess it was the durability of the Cupronickel coins that ensured not as many were needed. As before the 3d and 1d were the supreme change coins and as before many things cost 3d. Halfpenny and Sixpence numbers were modest but adequate as well. None of 1960's coins are very hard to get in average of high condition. Truly UNC are elusive, but EF/AU stuff is quite easy and your standard coin is likely to be a high VF. Although the 6d and 1/- were used into decimal times, most of them in use after 1967 were either 1947 - 51 or 1964 and 1965, finding a 1959 or 1960 shilling in circulation in 1992 would have been amazing.  Tails - only the Penny is letting the side down! 1960 was noteworthy for something else in New Zealand, TV finally began, although only in Auckland and only for 2 hours a day Monday to Friday. It reached Wellington and Christchurch the next year and Dunedin in 1962. Programming stretched out to 6 hours a day in 1962 and not until 1965 did you get TV in most places and a basic 10am to 10pm service. Licences were very expensive £5 a year and the cheapest set, a Murphy or La Gloria 14 inch "consolette" cost £129/19/11½d or about 6 - 8 weeks wages (Or 25,800 1960 shillings!), at the other end a 25 inch cabinet type monstrosity cost £400 or more (About $1100 American).  3 or 4 of these and you had your 2 hours of night time entertainment  Despite all these limitations, TV became popular and by 1965 some 500k sets had been sold or rented (Most people rented them at 30/- a week or more) and by 1968, some 85% of NZ homes had a TV set in them. All the broadcasts were Black and White, colour only arriving in 1974! Next 1961 - the big coins come back, although on a "limited" basis.
Edited by Princetane 02/09/2022 11:52 pm
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Moderator
 United States
189767 Posts |
Quote: 1960 was the last year of no Florins or Halfcrowns and the last year in which it was business as usual. Every year would be memorable for something after it.  Quote: Actually its a lot of fun filling gaps when you buy in bulk lots - but for some reason I have a lot of 1964 Nickels and 1974 Dimes for some reason! I decided to collect one of each mint mark for each year. 1964 nickels are a known thorn, but the 1974 dime is a new one for me.  Quote: Also here in New Zealand, not surprisingly most of the older silver American coins we have are San Francisco ones and the modern ones are likely to be Denvers over Phillys. Very interesting.
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Pillar of the Community
 4628 Posts |
1961 - The Big Coins come back1961 saw all the coins reissued again and it was obvious which one was to be favoured. An interesting year which gave us 2 bona fide scarcities and our rarest non silver circulation coin.  The shiny line up of 1961 classics! That florin is a let down though (Probably got used in decimal era).  My 1961 Halfcrown, its UNCIRCULATED and look at the shine! Coins issued in 1961 Halfcrowns - 80,000 (Lowest ever) Florins - 1,500,000 (A high mintage) Shillings - 400,000 (Low) Sixpences - 800,000 (Lowish) Threepences - 4,800,000 (Usual) Pennies - 7,200,000 (A lot) Halfpence - 2,880,000 (Quite high by their standards) Total coins - 17,660,000 Face Value - £ 296,000 (Having the big coins back makes a difference) Apart from the Pennies, Threepences and Florins, the coins issued this year were quite limited. The first Halfcrowns in 8 years gave us our lowest ever mintage at just 80k. They are scarce but not outrageously rare. An average one is about $5, my UNC is worth around $80, but I got it in a bulk lot with several AU 1948 - 1965 coins for $120. You may also notice the 1961 Shilling is a scarce coin too at 400k and the Sixpence is not that common either. Fortunately because we are in the 1960s now, getting a VF example of everything presents little challenge and EF is doable for the commoner pieces. Of course you can get Fine/VG ones too, if you pick up a 6d, 1/- or 2/- that got used in the decimal era as a 5c,10c or 20c piece!  Look at that shine (Photo does not do it justice, this blings) By this stage the future of sterling coins was being questioned and already calls for decimalisation were taking place, although it was not until 1963 the decision was made. At this stage at least, it was decided having 2 coins near in value was quite silly and one would be promoted over the other. The Florin was chosen as it was double the shilling and also converted easily into 10 to the pound and would become a 20 cent piece in any future dollar/Kiwi (yes they thought of the Kiwi as a unit, like the Aussies wanted a Royal) unit system. Basically only 3 more years of halfcrowns were minted and mintages did not climb above the mid 6 figures. Meanwhile apart from 1963, it was Florin overload. The decimal system also got wheels when South Africa went decimal in this year. 1961 is also known as the year when the Post war Baby boom peaked at 4 children per woman and this would drop from this point on. It was the highest since World war One! It was also the peak of the Post War Prosperity Boom, yet clouds were appearing. The Hunn report pointed out how far behind everyone else, the Maori were and urbanisation was not working. Also crime and delinquency were rising and people were rebelling against how strict society was. Next 1962 - a fairly big year.
Edited by Princetane 02/10/2022 11:39 pm
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Moderator
 United States
189767 Posts |
Quote: My 1961 Halfcrown, its UNCIRCULATED and look at the shine! That is a beautiful example! 
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Replies: 192 / Views: 22,983 |
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