Author Topic: New circulation coins for Pacific nations (2015)  (Read 5442 times)

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Offline Pabitra

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Re: New circulation coins for Pacific nations (2015)
« Reply #15 on: May 15, 2015, 09:05:29 AM »
Next three months are going to be very interesting phase.
Three new series in three months

Update on current status

COOK ISLANDS

   Cook Island coins were first issued in 1972 - seven bronze and cupro-nickel coins.
   Big, heavy expensive. So expensive that the Cook Islands Government stopped issuing Cook Islands coins in the early 2000s and bought New Zealand coins instead for use in the Cook Islands.
   Royal Australian Mint was contracted to produce six new Cook Islands coins.
   Of the six coins, five retain the designs of the old coins. Only the $5 has a new design. New designs were developed by Royal Australian Mint together with the Cook Islands Government.
   The $1 and $2 coins used to be cupro-nickel and silver in colour but are now made of aluminium bronze and gold in colour.
   The new coins will be launched in August 2015.

TONGA

   Tonga’s coins were introduced in 1967.
   In late 2010, the National Reserve Bank of Tonga initiated a review of Tonga’s coinage system.
   Early 2014, the Royal Australian Mint was engaged to produce Tonga’s new coins.
   Five new coins, all designs new.
   Tonga’s current coins are cupro-nickel and are big, heavy and expensive.
   New coins will benefit the Reserve Bank considerably in cost terms as, for the first time in decades, Tonga’s coins will be in positive seigniorage.
   The new coins will be launched in June 2015.

VANUATU

   Vanuatu’s existing coins were introduced in 1981.
   They are also old, big and expensive.
   The designs are simple, even simplistic (shell, crab) and repeated across several coins.
   In April 2013, the Reserve Bank of Vanuatu initiated a review of Vanuatu’s coinage system.
   The Royal Australian Mint was contracted in late 2013 to produce Vanuatu’s new coins.
   All five of Vanuatu’s new coins bear designs developed by the Reserve Bank of Vanuatu.
   Vanuatu’s new coins will be significantly less expensive than its old coins and will return good positive seigniorage to the Reserve Bank.
   The new coins will be launched in July 2015.

Offline Jostein

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Re: New circulation coins for Pacific nations (2015)
« Reply #16 on: May 15, 2015, 02:45:33 PM »
Good information Pabitra! Could we expect a bew bimetallic coin? I'm not sure of that, Australian mint is not a good friend of the circulating bimetallic coins... Fingers crossed.

;)
"Change is the law of life. And those who look only to the past or present are certain to miss the future" - John F. Kennedy

http://www.bimetallic-coins.com

Offline Pabitra

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Re: New circulation coins for Pacific nations (2015)
« Reply #17 on: May 15, 2015, 03:25:00 PM »
No bimetallics. Bimetallics are not so popular in Asia or Australia.

Offline Pabitra

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Re: New circulation coins for Pacific nations (2015)
« Reply #18 on: May 22, 2015, 04:16:05 PM »

In addition, a circulating commem is due on the Pacific games later this year and will be, for all practical purposes, a definitive coin.

50 Toea issued in colour and non colour variant on May 21st.

see

http://www.pngloop.com/2015/05/22/central-bank-launches-commemorative-bank-notes-coin/

http://www.bankpng.gov.pg/latest-news/779-notice-of-issuance-of-commemorative-currencies-2015
« Last Edit: May 22, 2015, 05:14:58 PM by Pabitra »

Offline Pabitra

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Re: New circulation coins for Pacific nations (2015)
« Reply #19 on: May 25, 2015, 05:57:28 AM »
Here are the images

Kindly note that instead of Bimetallics, Royal Australian mint prefers to issue coloured coins.

Also, 50 Toea denomination in PNG is reserved for commemorative coins, like 20 Dinara in Serbia and circulates freely.

Offline Mister T

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Re: New circulation coins for Pacific nations (2015)
« Reply #20 on: June 14, 2015, 06:35:07 AM »
So besides the Cook Islands $5, are there images of any of the other new coins out yet?

Offline eurocoin

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Re: New circulation coins for Pacific nations (2015)
« Reply #21 on: June 20, 2015, 01:04:53 PM »
So besides the Cook Islands $5, are there images of any of the other new coins out yet?

A low quality image of the Tongan 20 seniti coin can be seen here:

http://www.worldofcoins.eu/forum/index.php/topic,10478.msg196824.html#msg196824

Offline eurocoin

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Re: New circulation coins for Pacific nations (2015)
« Reply #22 on: June 26, 2015, 08:21:40 AM »
Cook Islands is going to issue a series of 6 coins, Vanuatu and Tonga each 5.
Aleksandra Stokic designed the coins for Vanuatu and Tonga but it's unknown
if these 2 countries will retain one or more of their previous designs too.
Aaron Baggio designed the 5 dollars coin of the Cook Islands.
There will be no bi-metallic coins in any of the series for Cook Islands, Vanuatu and Tonga.
Cook Islands is going to issue following denominations: 10 cents, 20 cents, 50 cents
(all in nickel plated steel) and $1, $2 and $5 in aluminium bronze.
The coins of the Cook Islands will depict the fourth portrait of queen Elizabeth II by Ian Rank-Broadley.
« Last Edit: August 05, 2015, 09:28:16 AM by Niels »

Offline eurocoin

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Re: New circulation coins for Pacific nations (2015)
« Reply #23 on: August 05, 2015, 09:05:59 AM »
The issuance of the new currency of Vanuatu was planned for July 28, 2015. Due to the passing of former Prime Minister Edward Natapei, the issuance had to be postponed. The Reserve Bank of Vanuatu aims to issue the coins as soon as possible.
« Last Edit: August 06, 2015, 11:10:54 PM by Niels »

Offline Pabitra

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Re: New circulation coins for Pacific nations (2015)
« Reply #24 on: August 05, 2015, 09:18:06 AM »
All 3 countries will retain the fourth portrait of the queen by Ian Rank-Broadley.

Only Cook Islands has and will use portrait of the Queen.

Offline eurocoin

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Re: New circulation coins for Pacific nations (2015)
« Reply #25 on: August 05, 2015, 09:28:27 AM »
Only Cook Islands has and will use portrait of the Queen.

Edited, thanks!