New Zealand 2 cents 1967 Mule with Bahamas Obverse
By Lightw4re | Monday, 3 August 2020
First New Zealand decimal mule was put in circulation in 1967 and was a two cent coin minted with the obverse of the Bahamian five cent coin. Its reverse featured two kowhai flowers, considered emblematic of New Zealand. The image was designed by Reginald George James Berry, who designed the reverses for all coins introduced that year.
To this day, 96 examples were certified by PCGS, 5 of them are MS-66 (no MS-67 or MS-66+ exist), and 56 examples were certified by NGC none above MS-65.
- Denomination: 2 cents
- Composition: Bronze
- Weight: 4.41 g
- Diameter: 21.08 mm
- Thickness: 1.7 mm
- Edge: Plain
- Issue date: July 10, 1967
A MS-64 specimen of this coin can fetch up to $400 at auction.
In the 1980s, the 2-cent coins were becoming of little value, and it was decided to withdraw them from circulation. Legal tender ended on May 1, 1990. After the withdrawal of these coins, cash transactions were normally rounded to the nearest 5 cents, a process known as Swedish rounding.
5 cents 2004
Another New Zealand decimal wanted coin
Even if the Reserve Bank produced 15 million of that coin in 2004, most of them were melt down in few months because the demand for them was very low. An estimate of 32,000 2004 5-cent coins blieved to have been put into circulation.