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1 Cent - Elizabeth II 3rd portrait
| Issuer | Reserve Bank of New Zealand |
|---|---|
| Year | 1986-1988 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | KM#58 |
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|---|---|
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| Obverse lettering | Log in to see details |
| Reverse description | Two fronds of the silver fern (Cyathea dealbata), New Zealand's national symbol, are depicted in fine botanical detail, their serrated pinnae rendered with exceptional relief, curving from the lower field to frame the central denomination numeral. The large bold numeral '1' occupies the right-centre of the field within the embrace of the fern fronds. The engraver's initials 'JB' for James Berry appear at the base of the design between the frond stems. No peripheral legend is present, leaving the composition uncluttered and visually balanced. |
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| Mintage | 1986 - BU Year Set - 18,000 1986 - Circulation - 25,000,000 1986 - Proof Year Set - 10,000 1987 - BU Year Set - 18,000 1987 - Circulation - 27,500,000 1987 - Proof Year Set - 10,000 1988 - BU Year Set - 15,000 1988 - Circulation (mintage unknown) - 1988 - Proof Year Set - 9,000 |
| Additional information |
By the mid-1980s, New Zealand's one-cent coin had become an economic liability — the cost of production was approaching or exceeding face value, and public complaints about the coin's diminishing purchasing power were routine. This issue represents the final years of the denomination before the Reserve Bank withdrew it in 1987 alongside the two-cent piece, part of a broader rationalization that also preceded the 1990 coinage redesign. Circulated examples from this closing window are common; uncirculated survivors less so, given how little reason anyone had to set them aside.