Author Topic: Cook Islands: New Series of Coins in 2015  (Read 11754 times)

0 Members and 1 Guest are viewing this topic.

Offline Bimat

  • आदित्य
  • Global Moderator
  • Honorary Member
  • *****
  • Posts: 11 378
  • Mumbai, India.
Cook Islands: New Series of Coins in 2015
« on: March 02, 2015, 07:05:30 AM »
Cook Islands to introduce new coins

Updated at 4:22 pm today

The minting of new Cook Islands coins will begin this week in commemoration of 50 years of independence for the country.

The Finance Minister Mark Brown will visit the Royal Australian Mint in Canberra to see the first coin go into production, ready for circulation in August.

He says the New Zealand coins currently being used in the Cook Islands will be phased out.

Mr Brown says the new coins will be the same sizes as the New Zealand 10 cent, 20 cent and 50 cent coins, the one and two dollar coins will be changed, while a five dollar coin will be launched.

He says the new coins will save the government money.

"In the first year we will make over a million dollars in additional revenue from the coins. Because currently we are buying the New Zealand coins at face value, and then on top of that, paying the cost of freighting them here. But by using our own coins we are only paying for the cost price of our coins which are a faction of the face value. So automatically we are ahead there."

Source: Radio NZ
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline <k>

  • Moderator
  • Honorary Member
  • *****
  • Posts: 20 819
Re: Cook Islands: New Series of Coins in 2015
« Reply #1 on: March 02, 2015, 10:46:57 AM »


Here is the Cook Islands 2010 set. Now, I believe that one never circulated. This one, we are told, will be different.

Offline Pabitra

  • Honorary Member
  • *****
  • Posts: 2 305
Re: Cook Islands: New Series of Coins in 2015
« Reply #2 on: March 05, 2015, 06:35:44 AM »
From Cook Islands
The new coins will be smaller, lighter and made of modern materials.
 
There will be six new coins: 10 cents, 20 cents, 50 cents, $1, $2 and $5.
 
The 10 cent, 20 cent and 50 cent coins will be made of nickel plated steel and will be silver in colour.
 
The $1, $2 and $5 coins will be made of aluminium bronze and will be gold in colour.
 
The obverse of all coins will feature the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II.
 
The reverse designs of most existing coins will be retained.  A new look will be introduced for the $5 coin which will feature a Vaka.

Offline onecenter

  • Senior Member
  • ***
  • Posts: 154
Re: Cook Islands: New Series of Coins in 2015
« Reply #3 on: March 06, 2015, 10:44:31 PM »
It will be interesting to see what the Cook Islands will do with the new $5 coin.  If it is similar to the New Zealand standard for the same $5 denomination in commemoratives, and previously the large New Zealand $1 coins from 1967 through the Treaty of Waitangi Sesquicentennial in 1990, it may not circulate well.  It could be a bimetallic issue. :)
Mark

Offline Pabitra

  • Honorary Member
  • *****
  • Posts: 2 305
Re: Cook Islands: New Series of Coins in 2015
« Reply #4 on: March 07, 2015, 12:58:01 AM »
Australian mints have avoided making bimetallic coins in general.
Yes, looking forward to $ 5 design.
I do not think it would be a heavy coin since modernisation of Pacific Islands coins was discussed in a seminar few years back in Royal Australian mint.
The results are evident from coinage of Samoa and Solomon Islands's new series two years back.
I find it very interesting that Cook Island has insisted on retaining triangular coin.

Offline onecenter

  • Senior Member
  • ***
  • Posts: 154
Re: Cook Islands: New Series of Coins in 2015
« Reply #5 on: March 07, 2015, 01:47:37 AM »
Very true concerning the Royal Australian Mint and the Perth Mint in avoiding bimetallic coinage.  New Zealand also has largely avoided bimetallics as well, the 1994 50-cent coin being, I believe, the only exception.  Nonetheless, New Zealand as the world's tenth largest currency traded in the world always contracts out all of its coinage production.

But, our coin friends in the Cook Islands do like to be just a little bit different from their political and monetary partnership with New Zealand, so the triangular dollar is that extra distinguishing coinage characteristic. :)
Mark

Offline <k>

  • Moderator
  • Honorary Member
  • *****
  • Posts: 20 819
Re: Cook Islands: New Series of Coins in 2015
« Reply #6 on: March 07, 2015, 02:16:29 AM »
New Zealand also has largely avoided bimetallics as well, the 1994 50-cent coin being, I believe, the only exception. 

But that coin only appeared in sets and was not issued for circulation.

Offline onecenter

  • Senior Member
  • ***
  • Posts: 154
Re: Cook Islands: New Series of Coins in 2015
« Reply #7 on: March 07, 2015, 02:27:14 AM »
Thank you.  I did know that.  I must learn to pay better attention to the catalog.
Mark

Offline Pabitra

  • Honorary Member
  • *****
  • Posts: 2 305
Re: Cook Islands: New Series of Coins in 2015
« Reply #8 on: June 02, 2015, 09:21:21 PM »
5 Dollars coin launched.

Offline <k>

  • Moderator
  • Honorary Member
  • *****
  • Posts: 20 819
Re: Cook Islands: New Series of Coins in 2015
« Reply #9 on: June 02, 2015, 10:28:49 PM »
What a beauty, like no other design.  8)

Offline Pabitra

  • Honorary Member
  • *****
  • Posts: 2 305
Re: Cook Islands: New Series of Coins in 2015
« Reply #10 on: June 03, 2015, 05:21:22 AM »
Thanks <k>, for reminding me in another thread that I failed in my duty to give complete description of the coin.


The coin was released in Rarotonga on Tuesday 26 May 2015 which celebrated the voyagers who are in Rarotonga for the Te Manava Vaka festival.
 
The Te Manava Vaka festival has seen five vaka moana converge in Rarotonga from all parts of the Pacific as part of the annual celebrations of the Cook Islands 50 years of self governance.
 
The new $5 coin which will be circulating currency features the Ian Rank Broadley effigy of her Majesty, Queen Elizabeth II on the obverse. 
 
The reverse features a likeness of the Marumaru Atua sailing through the waters in full sail with a voyager being guided the three major star constellations, the Pleiades (Matariki), Taurus (Taumata Kuku) and Orion (Tautoru).
 
The coin which was designed under support  from members of the Cook Islands Voyaging Society is a direct likeness of the Marumaru Atua.
 
Master voyager, Teuatakiri  (Tua) Pittman who was heavily involved in the final design was proud of the outcome.  “We welcome the way Government has honoured our history and spirit in this way.  The five dollar coin will be an everyday reminder to our people and visitors to the Cook Islands the spirit of Cook Islanders and our spirit of adventure.”

Offline Bimat

  • आदित्य
  • Global Moderator
  • Honorary Member
  • *****
  • Posts: 11 378
  • Mumbai, India.
Cook Islands: New Series of Coins in 2015
« Reply #11 on: June 03, 2015, 05:35:23 AM »
That's a beauty!!! :) (Talking about reverse, not obverse!!!)

Aditya
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline <k>

  • Moderator
  • Honorary Member
  • *****
  • Posts: 20 819
Re: Cook Islands: New Series of Coins in 2015
« Reply #12 on: June 03, 2015, 12:31:37 PM »
Master voyager, Teuatakiri  (Tua) Pittman who was heavily involved in the final design...

So who else was involved? Did Mr Pittman just advise the artist on detail and authenticity, or did he himself prepare an initial sketch?

Anyway, thank you for all that info, Pabitra.  ;)

Offline Pabitra

  • Honorary Member
  • *****
  • Posts: 2 305
Re: Cook Islands: New Series of Coins in 2015
« Reply #13 on: June 04, 2015, 06:08:08 AM »
The basic idea was from Mr. Pittman and theme development by in house artists of Royal Australian Mint, who shall remain nameless.

Offline <k>

  • Moderator
  • Honorary Member
  • *****
  • Posts: 20 819
Re: Cook Islands: New Series of Coins in 2015
« Reply #14 on: June 04, 2015, 11:54:27 AM »
who shall remain nameless.

So that these nobodies do not undermine national security, presumably.  ::)