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5 Dollars - Charles III 1st Portrait - Queen Elizabeth II Memorial
| Issuer | Reserve Bank of New Zealand |
|---|---|
| Year | 2023 |
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| Value | 5 Dollars |
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| Obverse description | Uncrowned effigy of King Charles III facing left, modelled by engraver Steven Joel Fenton whose initials 'SJF' appear below the truncation. The legend 'CHARLES III · NEW ZEALAND' arcs along the upper periphery, while the fineness mark '.9999 Au 1oz' appears in the lower left field and the date '2023' in the lower right field. |
|---|---|
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| Reverse description | Frontal crowned portrait of Queen Elizabeth II set within an ornate lattice or diamond-pattern background, evoking a regal and commemorative aesthetic. The royal cypher 'E' surmounted by a crown appears to the left of the effigy, and the denomination '$5' to the right. The birth and death years '1926' and '2022' flank the top of the central design, while the legend 'QUEEN ELIZABETH II' arcs along the lower periphery. |
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| Additional information |
Issued to mark the death of Elizabeth II in September 2022, this coin was produced under New Zealand's first new sovereign in over seventy years. Charles III had not yet been crowned when the queen died — his coronation followed in May 2023 — making the "1st Portrait" designation historically precise: this effigy was approved and entered circulation before the coronation portrait was finalized.
New Zealand retained the monarchy through a convention rather than any legislative act, with Charles III automatically proclaimed sovereign the moment Elizabeth died.