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5 Cents - Elizabeth II 3rd Portrait, Treaty of Waitangi, Silver Proof
| Issuer | Reserve Bank of New Zealand |
|---|---|
| Year | 1990 |
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| Composition | Silver (.925) |
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|---|---|
| Obverse script | Latin |
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| Mintage | 1990 - Proof - 7,000 |
| Additional information |
The 1990 issue commemorates the sesquicentennial of the Treaty of Waitangi, signed on 6 February 1840 between the British Crown and over 500 Māori rangatira. The anniversary was politically charged — protests at Waitangi that year were among the most confrontational in decades, with significant tension over land grievances and differing interpretations of the Māori and English treaty texts, which have never fully reconciled in meaning.
The proof was struck in .925 silver as part of a broader commemorative set, elevating a circulating denomination whose base-metal counterpart was already approaching obsolescence — New Zealand would withdraw its five-cent coin entirely in 2006.