Author Topic: Coinage of modern Papua New Guinea  (Read 935 times)

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Offline <k>

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Re: Coinage of modern Papua New Guinea
« Reply #15 on: November 14, 2018, 08:29:49 PM »

Reverse of 1 kina.  River crocodiles.

Offline <k>

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Re: Coinage of modern Papua New Guinea
« Reply #16 on: November 14, 2018, 08:30:44 PM »

Obverse of the 1 kina coin.



Uniquely among the circulation coins, the obverse of the 1 kina coin featured the emblem of the national bank.

A circulation 50 toea coin was not issued at this stage.



Here is the paragraph from From Cowrie to Kina giving the official decision to have a hole:

On 10 April 1974 the decision to have a hole in the 1 Kina coin was announced; the reasons given being that it was a link with traditional currencies, most of which had natural or man made holes, also that “in the Papua New Guinea situation, this feature can be very useful in facilitating the storage and carrying of money”. One will recall also that the first circulating coinage to bear the legend “New Guinea”, struck between 1935 and 1945 during the Australian Mandate, was also holed. A holed coin would also be lighter in weight and the lower metal content would reduce costs. The date for introducing the new currency — K Day — was proposed for late April 1975.

Offline <k>

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Re: Coinage of modern Papua New Guinea
« Reply #17 on: November 14, 2018, 08:33:47 PM »
According to a Franklin Mint catalog of the 1970s, the design credits were as follows:

Reverse designs of 1 and 10 toea by Herman deRoos; 2, 5, 20 toea and 1 kina by William Shoyer;

All designs were also modelled by their respective designers.

The obverse designs (Coat of arms, and stylised emblem of Bank of Papua New Guinea - 1 kina) were modelled by Richard Renninger.

Offline <k>

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Re: Coinage of modern Papua New Guinea
« Reply #18 on: November 14, 2018, 08:36:25 PM »

5 kina: New Guinea harpy eagle reverse by Ernest Lauser.



The collector sets of the 1970s, as issued by the Franklin Mint, also contained a 5 kina coin, which was not issued for circulation.

Offline <k>

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Re: Coinage of modern Papua New Guinea
« Reply #19 on: November 15, 2018, 07:03:43 PM »

The smaller and larger 1 kina coins, side by side.



In 2005, Papua New Guinea issued a smaller 1 kina coin. It weighed 11.13 g and was 30 mm in diameter. This compares to the previous version, which weighed 14.61 g and was 33.28 mm in diameter.

Offline <k>

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Re: Coinage of modern Papua New Guinea
« Reply #20 on: November 15, 2018, 07:19:13 PM »
Papua New Guinea issued its first 50 toea coin in 1980. It commemorated the South Pacific Festival of Arts.

This was the first of a series of commemorative heptagonal 50 toea coins over the years. However, no standard circulation design was issued.


Does anybody know whether these 50 toea coins circulated?

See also: An Alphabet of Heptagons: Seven-sided Coins.

Offline <k>

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Re: Coinage of modern Papua New Guinea
« Reply #21 on: November 15, 2018, 07:27:07 PM »
From Wikipedia:

The withdrawal of the 1 and 2 toea coins occurred in 2006 and as from the 19 April 2007 are also no longer legal tender.



Unlike other countries in the region, notably Australia and New Zealand, Papua New Guinea has never issued a standard design circulation coin for two of its high units, in this case 2 kina. Unlike every other country in the region except Australia, Papua New Guinea has never changed any of its standard circulation designs or issued a new design series.

Offline <k>

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Re: Coinage of modern Papua New Guinea
« Reply #22 on: November 15, 2018, 07:31:45 PM »



In 1994 Papua New Guinea issued a silver 5 kina and a gold 50 kina coin, both of which bore an updated version of the Bird of Paradise design first used on the German New Guinea coinage of 100 years earlier.



See also:

1] Birds of Paradise.

2] The coinage of German New Guinea.

Offline Pabitra

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Re: Coinage of modern Papua New Guinea
« Reply #23 on: November 16, 2018, 05:49:37 AM »
Does anybody know whether these 50 toea coins circulated?

50 Toea and 2 Kina denominations are reserved for circulating commemoratives only.
All such coins circulate as regular circulating coins.

Offline <k>

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Re: Coinage of modern Papua New Guinea
« Reply #24 on: November 16, 2018, 05:53:49 AM »
Interesting policy.

Offline <k>

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Re: Coinage of modern Papua New Guinea
« Reply #25 on: November 16, 2018, 05:54:53 AM »
Here we see the relative sizes of the first circulation coins, before the size of the 1 kina coin was reduced.

Online Figleaf

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Re: Coinage of modern Papua New Guinea
« Reply #26 on: November 16, 2018, 06:13:23 AM »
50 Toea and 2 Kina denominations are reserved for circulating commemoratives only.
All such coins circulate as regular circulating coins.

There is no 2 Kina, except the 2008 issue. Did you want to type 1 Kina?

Most of the coins shown here are proof strikes. Those do not circulate. In fact, most 5 Kina coins are available in proof only and do not circulate, as they were sold only far above face.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline <k>

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Re: Coinage of modern Papua New Guinea
« Reply #27 on: November 16, 2018, 06:20:38 AM »
There is no 2 Kina, except the 2008 issue. Did you want to type 1 Kina?

See: 2008 also saw the introduction of a bimetallic 2 kina coin intended to replace the 2 kina note.

I quote: "2008 also saw the introduction of a bimetallic 2 kina coin intended to replace the 2 kina note."

There were also two commemorative 2 kina coins in 2015, which can be seen on numista.com.



Quote
Most of the coins shown here are proof strikes. Those do not circulate. In fact, most 5 Kina coins are available in proof only and do not circulate, as they were sold only far above face.

They are shown merely to illustrate the designs. The non-proof coins do circulate, of course, though to what extent, I do not know, since  many Papuans still live at the hunter-gatherer stage.

Offline Pabitra

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Re: Coinage of modern Papua New Guinea
« Reply #28 on: November 16, 2018, 10:09:16 AM »
There is no 2 Kina, except the 2008 issue. Did you want to type 1 Kina?
2 Kina is no longer bimetallic.
The bimetallic was minted by Royal Canadian Mint.
This and other later coin minting was awarded to Royal Australian Mint ( which does not mint bimetallic coins).

Offline Big_M

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Re: Coinage of modern Papua New Guinea
« Reply #29 on: November 23, 2018, 03:11:50 PM »
2 Kina is no longer bimetallic.
The bimetallic was minted by Royal Canadian Mint.
This and other later coin minting was awarded to Royal Australian Mint ( which does not mint bimetallic coins).

The 2 Kina coins from 2015 minted at RAM, contrary to the RCM bimetallic one from 2008, are of a purely numismatic character.

https://www.bankpng.gov.pg/announcement/notice-of-issuance-of-commemorative-currencies-2015/