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An Introduction To Predecimal New Zealand Coins 1933 - 1965

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Pillar of the Community
New Zealand
3326 Posts
 Posted 01/13/2022  8:39 pm  Show Profile   Bookmark this reply Add Princetane to your friends list Get a Link to this Reply
Finally 1933 is the only year I can get exact release dates for each coin, thanks to Robert Pepping's book. These dates are when the coins arrived in Auckland or Wellington, and usually coins had to be unloaded and counted at banks before release. A date of 22 Nov 1933 for the landing of Halfcrowns in Auckland, but none circulated until 24/11 there and proof they had reached Nelson by 29/11, yet this may have been a traveller from Wgth or Akl. It is likely they took several weeks to penetrate the more isolated parts of NZ.

For later dates, there is a general consensus that coins arrived late in those years or early in the next one. Pepping alludes that 1934 dated coins show up around Oct/Nov 1934 in the big cities and that 1937 coins with King George VI showed up in Sep 1937.

He also mentions the first 1947 dated cupronickel coins showed up in October/Nov 1947 and that 1953 crowns which arrived in December in time for the Royal visit.

This is more efficient than today where thanks to covid the first 2019 dated coins showed up only in March 2020 and 2020 coins showed up in Dec 2021!
Loving Halfcrowns. British and Commonwealth coins 1750 - 1950 and anything Kiwi.
If it's round, shiny and silvery I will love it.
Pillar of the Community
Australia
3453 Posts
 Posted 01/14/2022  06:56 am  Show Profile   Bookmark this reply Add triggersmob to your friends list Get a Link to this Reply
True, It seems to take ages for coins to turn up in circulation these days.
View my Coins here, (NOW WITH OVER 16,800 IMAGES).... http://www.coincommunity.org/galler...hp?cat=10048
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Pillar of the Community
New Zealand
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 Posted 01/14/2022  7:18 pm  Show Profile   Bookmark this reply Add Princetane to your friends list Get a Link to this Reply
Good to hear this new series is already picking up followers. I felt the original posts from 2020 along with some of the photos were a bit basic and needed updating.

1934 in coins

1934 was the year of consolidation for New Zealand's coins and a chance for the public to become fully used to them.

Numbers of coins issued in 1934 were higher than 1933 and this year (1934) is the most common of King George V series.


A high grade (High VF, XF45/40 Sheldon) Halfcrown and Florin


Lower grade 6d (VG) and VF Shilling, EF Threepence
HEADS - Same AS 1933.

Number of coins minted

Halfcrown - 2,720,000
Florin - 2,850,000
Shilling - 3,400,000
Sixpence - 3,600,000
Threepence - 6,000,000

Total coins minted - 18,570,000 or about 940,000 FV
This is 3,470,000 coins and 300k more than 1933!

The 1933 mintage was a good start, but still not enough to remove imperial silver coin, however the 1934 number ensured that there were now almost 34 million coins with over 1,500,000 face value circulating. This was about 25/- per head of population and that was close to an average wage in Depression led 1934!

About 40% more of each coin was minted and the same for the threepences (6 million), more were needed as these tiny coins frequently got lost and were used mostly by children and for trivial purchases like newspapers and cups of tea!

Finally in early 1935 Imperial silver usage was banned, although such coins could be exchanged at banks for NZ coins at a 1:1 ratio. The smuggling carried on deep into 1934 but had disappeared by early 1935 as governments had banned moving more than 5 of coinage of any state between countries.

1934 was also significant for the arrival of our first Reserve Bank Banknotes issued in the 10/-, 1, 5 and 50 denomination. Previously notes from about 10 trading banks were used and it was confusing (Although many workers never saw anything over the 1).

None of 1934's coins are rare and high grade examples like mine sans the 6d can be had quite cheap.

This would change in 1935 however!

PS - A much nicer 1934 Sixpence!



PPS - I am reuploading some photos as it takes ages to load my previously uploaded images, my computer dates from 2014 and is a Windows 8.1 - so very slow and aunciente.
Loving Halfcrowns. British and Commonwealth coins 1750 - 1950 and anything Kiwi.
If it's round, shiny and silvery I will love it.
Edited by Princetane
01/15/2022 04:44 am
Pillar of the Community
Australia
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 Posted 01/14/2022  10:03 pm  Show Profile   Bookmark this reply Add triggersmob to your friends list Get a Link to this Reply
Very interesting info. Bring on 1935.
View my Coins here, (NOW WITH OVER 16,800 IMAGES).... http://www.coincommunity.org/galler...hp?cat=10048
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Pillar of the Community
New Zealand
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 Posted 01/15/2022  04:20 am  Show Profile   Bookmark this reply Add Princetane to your friends list Get a Link to this Reply
Sure thing!

1935 in coins - Part One
Unlike the first 2 years, 1935 was a very important year as it gave us the 2 major rarities of the New Zealand series and the first proof set.

A special Crown (5/-) piece was issued in 1935 called the "Waitangi Crown" - even though it did not arrive until 1936 (Feb). This coin as beautiful as it was never sold many copies and as a result, it is the supreme rarity of NZ coins.


NOT MINE - An image off the net.

The coin showed a Maori chief and English governor shaking hands (Tamati Waka Nene and William Hobson). It was celebrating the treaty of Waitangi in 1840, but also the donation of the Treaty House grounds at Waitangi to the nation by the then Governor General - Lord and Lady Bledisloe to the nation in 1934.

Just 1128 were minted and sold at the extortionate price of 7/6 each and this was in the depression. Of the coins, 364 were polished proofs sold in the sets with a set of coins from 3d to 2/6 and the other 764 were loose coins sold at 7/6 each.

Today they are extremely rare and none are seen under the $8 - $10k bracket, the proof sets are $15 to $18k as the 3d also scores $2k or more proof and/or uncirculated and the other 4 coins are worth a k a pop each too.

People subscribed and paid for the coin in March 1935 and deliveries came in Nov 1935 for the Uncirculated grade coin and not until Feb/Mar 1936 for the Proof set (Proof coins were not sold separately).

The other great rarity and much more affordable coin is the 3d, originally none were to be issued in 1935 as the 12 million issued in 1933/34 was meant to be sufficient, but several people who had ordered proof sets with the Crown wanted it complete and demanded the minting of 364 (!!!) of these coins to go with the sets.




My 1935 3d coin, its a cleaned high Fine example.

The Royal Mint said no dice, and demanded a minimum order of coins to go with the proofs, so an order for 364 proof 3d coins was allowed on the provisio that at least 500 worth of circulation coins was also ordered and thus 40,000 3d coins with a standard finish were also ordered. These coins entered circulation and were rarities from the start.

Today such a coin goes for between $150 and $2000 depending on its condition. Most serious collectors can afford a Good to VF coin for a few hundred $$$ and even a EF/AU one for around a grand or a bit more.

Finally there were proof sets, 364 in all and the proof sets cost around $16 - $20k each and rarely come up in auction, there are 2 types, card case and plush case. Both are red and the Plush case is worth more, Red card cases less, and survive in poor condition. There was 97 Red Case sets and 267 Red Card cases. I will likely never own one in my lifetime.


A 1935 set in the card case - photo carters.com.au

Next post - the rest of 1935's coins.
Loving Halfcrowns. British and Commonwealth coins 1750 - 1950 and anything Kiwi.
If it's round, shiny and silvery I will love it.
Pillar of the Community
New Zealand
3326 Posts
 Posted 01/15/2022  04:41 am  Show Profile   Bookmark this reply Add Princetane to your friends list Get a Link to this Reply
The rest of 1935

The other coins were also issued in 1935, albeit in much fewer numbers than the previous 2 years. Already it was felt quantities were sufficient at this stage and the next years would see reduced numbers or some denominations not minted.
1937 was a reasonable year due to the new king, but years until 1943 saw low numbers issued.



1935 shilling in high VF condition


Halfcrown and Florin from 1935


The lower 3 coins with a grotty 6d.

Numbers issued - all include 364 proofs for each value

Crown - 1,128 (including 364 proofs)
Halfcrown - 612,364
Florin - 755,364
Shilling - 1,680,364
Sixpence - 560,364
Threepence - 40,364

Total coins issued for circulation - 3,647,000

Compared to 1933/34, these were very low, only the shilling was over 1 million coins and this was under half of 1934's mintage. All of these coins are harder to find in higher grades and even VF coins of 1935 are significantly more expensive than 1933/34 and all of the 1937 to 1946 excluding possibly some 1941 coins in high grades.

To date I have still not found a nice 1935 Sixpence, such coins do not exist outside of auction houses and slabbed ones. Most 1935 coins outside the Crown and 3d are worn Fine to Good examples!

Most collectors will find 1935 a frustrating year and many will find the 3d impossible and Crown a dream. Needless to say many fakes of the crown exist. 1935 at least saw the election of our first Labour government and the easing of the Depression. Things got a lot better in the later 30s, wages went up, social security came in and despite WW2 the stage was set for mid century prosperity.

Next 1936, a year of ups and downs.

Loving Halfcrowns. British and Commonwealth coins 1750 - 1950 and anything Kiwi.
If it's round, shiny and silvery I will love it.
Pillar of the Community
Australia
3453 Posts
 Posted 01/15/2022  05:21 am  Show Profile   Bookmark this reply Add triggersmob to your friends list Get a Link to this Reply

Quote:
Most collectors will find 1935 a frustrating year


Yep, just checked and none in my collection. :(


Quote:
I will likely never own one in my lifetime.


You and me both. :(
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Pillar of the Community
United Kingdom
9775 Posts
 Posted 01/15/2022  5:16 pm  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list Get a Link to this Reply
Very interesting, Princetane! I wish my Grandfather had bought a Proof Set in 1935!
Pillar of the Community
New Zealand
3326 Posts
 Posted 01/15/2022  7:34 pm  Show Profile   Bookmark this reply Add Princetane to your friends list Get a Link to this Reply
NumisRob, he would have needed 40/- and infinite patience. Orders started in March 1935, delivery a year later! Or for just 7/6 he could have brought a Waitangi crown.

Even the cases cost money - yet today if he was alive (Say he was 18 in 1935 and now is a sprightly 103) he would be $18k richer!

Steve - I need to rectify that problem for you!
Loving Halfcrowns. British and Commonwealth coins 1750 - 1950 and anything Kiwi.
If it's round, shiny and silvery I will love it.
Edited by Princetane
01/15/2022 7:35 pm
Pillar of the Community
New Zealand
3326 Posts
 Posted 01/15/2022  7:53 pm  Show Profile   Bookmark this reply Add Princetane to your friends list Get a Link to this Reply
1936 in coins

The 4th year of coinage was the first to not feature all coins. Just the 3d, 6d and Florin were issued dated 1936. Of these the first two are less common and the Florin is rare especially in higher grades.



2 very high grade 6d coins of 1936, these are practically UNC and good EF. The EF coin has gone to a recipient in my recent giveaway.



My 1936 coin tableau from last year. The VF 6d has been replaced and I think in someone's Christmas pudding now.
The Florin is a bare VF and a high VF 3d.

Coins issued in 1936

Halfcrowns - None
Florins - 150,000
Shillings - None
Sixpences - 1,580,000
Threepences - 2,760,000

Total coins issued - 4,490,000 - FV around 88,000 (Exact numbers will fry my decimal brain!)

As you can see the amount and value of coins was way down on 1934 and 1933 and even 1935. The mintages of the 2 lowest coins were moderate but less than half of 1934. The Florin numbers were almost a garnish and the 1936 Florin is amongst the 3 rarest (same mintage as 1944 and 10k less for 1942 - also 1963 but this coin is later and base metal, so easier to find).

The lower coins were needed as they were useful in commerce and still had some value in 1936. 6d would buy you a cup of tea, a cake and a newspaper! It was a welcome gift for a child, a 3d made a good donation at church for a child. Some older people told me in 1936 you could watch a children's matinee on a Saturday morning and catch the penny tram both ways with a penny for candy (Of course walk and you can get a 2 oz bar of chocolate for 2d).

These coins also got lost a lot too and many metal detectors no doubt will find rusted and corroded 3d and 6d along with old pennies and rusted 5 cent coins!

1936 Florins are scarce in any condition, a VG example costs around $20 and dealers don't always have them. A VF coin like mine was over $100 and a truly UNC coin can cost close to $10k or a Waitangi Crown. Most 1930s silver was heavily used and abused and it got worse in the 1940s and 1950s as prosperity and inflation made the coins more worthless and placed in more hands.



My "B" example of the 36 Florin, this aVF coin was a steal at $35, if it was 1934 it would have cost no more than $15.

Also 1936 coins showed the effigy of King George V, no KGVI or Edward VIII coins were issued in NZ following the example of the UK and all the dominions.

Overall 1936 was a solid end to the earliest era of our coins. You will notice from 1937 some changes and this would be a big year.
Loving Halfcrowns. British and Commonwealth coins 1750 - 1950 and anything Kiwi.
If it's round, shiny and silvery I will love it.
Pillar of the Community
Australia
3453 Posts
 Posted 01/16/2022  03:37 am  Show Profile   Bookmark this reply Add triggersmob to your friends list Get a Link to this Reply

Quote:
Steve - I need to rectify that problem for you!


Haha, are you planning on winning the lotto. :)
View my Coins here, (NOW WITH OVER 16,800 IMAGES).... http://www.coincommunity.org/galler...hp?cat=10048
OFEC count = 237
Pillar of the Community
New Zealand
3326 Posts
 Posted 01/16/2022  03:39 am  Show Profile   Bookmark this reply Add Princetane to your friends list Get a Link to this Reply
You will be getting my worn 6d if I upgrade, cost nothing to you, will do until you win Aussie lotto buy a 1935 Proof set and invite your favourite Coinfreak from New Zealand over for a visit!!

Ha ha.
Loving Halfcrowns. British and Commonwealth coins 1750 - 1950 and anything Kiwi.
If it's round, shiny and silvery I will love it.
Edited by Princetane
01/16/2022 03:43 am
Pillar of the Community
Australia
3453 Posts
 Posted 01/16/2022  06:23 am  Show Profile   Bookmark this reply Add triggersmob to your friends list Get a Link to this Reply

Quote:
You will be getting my worn 6d if I upgrade, cost nothing to you, will do until you win Aussie lotto buy a 1935 Proof set and invite your favourite Coinfreak from New Zealand over for a visit!!


Thanks very much. I play lotto every day, so here's hoping. :)
View my Coins here, (NOW WITH OVER 16,800 IMAGES).... http://www.coincommunity.org/galler...hp?cat=10048
OFEC count = 237
Pillar of the Community
New Zealand
3326 Posts
 Posted 01/16/2022  06:37 am  Show Profile   Bookmark this reply Add Princetane to your friends list Get a Link to this Reply
1937 in coins

A momentous year for coins in New Zealand, as the new king was crowned and for the first time we got coins without a crowned king. It was decided that New Zealand as a "White" Dominion would have a crownless effigy of his new majesty.

Pepping mentions that the first 1937 dated coins arrived in September of that year, well after the coronation. A crown was discussed, but after the relative flop of the Waitangi one (Yes its valuable, but no one makes money selling just 1,128 coins!).

Plus the Imperial coin was issued in 1937 and the fact that only 450,000 of them for a British coin (Most coins were in the low 10 millions for halfcrowns and close to 9 figures for bronze and small silvers by that stage).


1937 Florin and Halfcrown in gVF condition


The lower coins, shilling and 3d are also near EF, the sixpence is a miserable VG one. Like 1935 and 1942 they are the only un upgraded coins in my NZ collection.


The Reverses showing the new King in his glory.

Numbers issued

2/6, - 672,000
2/-, - 1,190,000
1/-, - 890,000
6d, - 1,280,000
3d, - 2,880,000

Total coins issued = 6,912,000 (Plus a handful of rare as heck proofs)
Face Value - about 315,000

Mintages were a bit higher than 35 and 36 but not approaching 33/34 levels. We are still talking top up mintages here, because already 4 years in, some coins were worn and damaged down to Fine or stained, plus many of the tinier coins were likely buried in the garden or behind a seat or under the floorboards of some building.

Also in 1937, they were much more prosperous than a few years earlier. If you had to be alive in the 1930s, you would probably choose 1937 and 1938 as the only decent years. In 37 the war clouds were gathering, but not threatening yet, Hitler was still doing wonders in Germany and gave us a great show with last years Olympics. No one knew about wholesale slaughter and the war machine unleashed yet in New Zealand.

What all this waffle means, was there were more jobs, better jobs, more money and more spending and that meant more coins were needed. Despite all this - no coins at all were issued in 1938, which is strange as 1938 saw the debut KGVI coins in Australia and jumbo mintages in the UK and other British territories. 1939 only got a few coins and a real reissue of coins only came at a panic in 1940.

None of 1937's coins are rare, but they are a bit more collectible than 1933 and 1934, yet not so much as 1935 or 1936.

The other big change was the arrival of KG below the war clubs on the design of the 3d.


1933 - 1936 No KG under clubs


1937 - 1965 KG is under the clubs, this started in 1937.

Next 1939 - The small change takes over!
Loving Halfcrowns. British and Commonwealth coins 1750 - 1950 and anything Kiwi.
If it's round, shiny and silvery I will love it.
Edited by Princetane
01/16/2022 06:38 am
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