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1000 Kwacha Princess Diana holding young girl

Issuer Bank of Zambia
Year 1998
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Currency Kwacha (1968-2012)
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Obverse lettering BANK OF ZAMBIA 19 98 1000 KWACHA
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Edge Reeded
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Additional information

Zambia issued a substantial run of commemorative copper-nickel crowns throughout the 1990s, many tied to British royal subjects — a commercially driven program aimed squarely at the international collector market rather than domestic circulation. The 1998 Diana issues appeared within a year of her death in Paris, part of a wave of memorial coinage from smaller Commonwealth and non-Commonwealth nations that flooded the market simultaneously.

KM#306 is one of several Zambian Diana variants from this period, distinguished by the specific reverse scene. Collector demand was strong at issue but the sheer volume of similar pieces across multiple issuers has kept secondary market values modest.

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