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1 Dollar - Charles III 1st Portrait - Gandalf and Aragorn, Silver Proof

Issuer Reserve Bank of New Zealand
Year 2023
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Diameter 50 mm
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Obverse description Bare-headed effigy of King Charles III facing left, rendered in high relief against a deeply mirrored proof field. The portrait, engraved by sculptor Samlane Phouthavong (initials 'SJF' visible in the field below the bust), follows the first coinage portrait of the monarch. The circumferential legend reads 'CHARLES III · NEW ZEALAND' divided across the upper field, while the lower exergue bears the specifications '.999 Ag 2oz 2023' flanked by the series inscription 'MIDDLE-EARTH'. The coin's rim is accented with gold plating, contrasting against the finely polished silver field.
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Reverse lettering THE RETURN OF THE KING · 20TH ANNIVERSARY ONE DOLLAR
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Additional information

Part of New Zealand's ongoing licensed partnership with the Tolkien estate and Warner Bros., this issue appeared in 2023 alongside several companion pieces drawing on the Peter Jackson film adaptations rather than the source novels. The obverse carries the first portrait of Charles III by Dominic Endricht, making this among the earliest New Zealand coinage to reflect the accession following Elizabeth II's death in September 2022.

The selective gold plating on a .999 fine silver substrate is a finishing technique that has become almost reflexively standard for this category of licensed pop-culture bullion, applied here to distinguish the two characters.

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