New Zealand's kiwi has appeared on bullion and collector coinage for decades, but the 2020 issues arrived during a year when the Royal New Zealand Mint — which produces these pieces under license from the Reserve Bank — saw a sharp spike in precious metal demand driven by pandemic-era investment uncertainty. Secondary market premiums on silver issues from this period ran well above spot for months after release.
New Zealand's kiwi has appeared on bullion and collector coinage for decades, but the 2020 issues arrived during a year when the Royal New Zealand Mint — which produces these pieces under license from the Reserve Bank — saw a sharp spike in precious metal demand driven by pandemic-era investment uncertainty. Secondary market premiums on silver issues from this period ran well above spot for months after release.