Groat (coin) Groat (coin) The groat is the traditional name of a long-defunct English and Irish silver coin worth four pence, and also a Scottish coin originally worth fourpence, with later issues being valued at eightpence and one shilling. The name has also been applied to any thick or large coin, such as the "Groschen" ("grosso"), a silver coin issued by Tyrol in 1271 and Venice in the 13th century, which was the first of this general size to circulate in the Holy Roman Empire and other parts of Europe. The immediate ancestor to the groat was the French "gros tournois" or
New Zealand ten-cent coin former pre-decimal pound currency, pegged to the British pound, was changed to a decimal dollar at a rate of two dollars to a pound. Therefore, 10 cents was worth a twentieth of a pound. The 10-cent coin replaced the shilling coin. The coin was made of cupronickel, 23.62 mm in diameter, and weighed 5.66 grams. It included the word "shilling" for the years 1967, 1968 and 1969; this was dropped in 1970. On 31 July 2006, the new 10-cent coin was released alongside the new 20-cent and 50-cent coins as part of the Reserve Bank's "Change for the better" silver