Coins of the New Zealand dollar of one pound to two dollars (10 shillings to a dollar). On the same day, new decimal coins were introduced to replace the existing pound coins. The first coins of the New Zealand dollar were 1c, 2c, 5c, 10c, 20c, and 50c. The 1c, 2c, and 50c coins were new sizes, with the 1c and 2c minted in bronze, and 50c in cupronickel. The new 5c, 10c, and 20c were the same size, weight, and value as the former sixpence, shilling, and florin coins. Indeed, until 1970, the 10 cents coin bore the additional legend "One Shilling". The obverse designs
Coins of the pound sterling (97%), the intrinsic value of pre-1992 1p and 2p coins increased with the surge in metal prices of the mid-2000s, until by 2006 the coins, would, if melted down, have been worth about 50% more than their face value. (To do this, however, would be illegal, and they would have had to be melted in huge quantities to achieve significant gain.) In subsequent years the price of copper fell considerably from these peaks. The following are commemorative issues and are seldom encountered in normal circulation due to their precious metal content. The following decimal coins have been withdrawn from circulation