10 Dollars - Charles III 1st Portrait - Kiwi

New Zealand's bullion kiwi series has run in various forms since the 1990s, but the transition to Charles III obverses has required re-tooling across the entire Commonwealth issuer network — a logistical reality that pushed several first-portrait issues into 2024 and 2025 depending on the mint's production schedule. The 1st portrait designation matters here: the King William Blundell portrait by Martin Jennings was approved for circulation coinage, but Commonwealth bullion programs adopted it on differing timelines, making early-dated strikes the ones to document carefully for type completeness.