Silver Ounce (1 oz), Coin Type from Pitcairn Islands - detailed information

Silver Ounce (1 oz), Coin Type from Pitcairn Islands (issued 2010 - )
Coin TypeSilver Ounce (1 oz)

The Pitcairn Islands is a non-sovereign British overseas territory in the Pacific Ocean. Having a population of fewer than fifty people, the territory has no need for local coinage and uses the New Zealand dollar as a medium of exchange. Pitcairn Islands began issuing its first commemorative coins in 1988. Though the Pitcairn Islands dollar is not a true currency in the strict sense of the word and is not used as a circulation coinage, it can be lawfully exchanged as tender and is considered a variety of the New Zealand dollar (although it is not legal tender in New Zealand). The Pitcairn Islands dollar exists only because of the coin collecting market, which provides a major staple for the tiny island nation.

The coins are struck by various foreign mints and use internationally popular formats, such as the one troy ounce (1oz) of silver. Some of them are released at prices much higher than their intrinsic value, so are classified as Non-Circulating Legal Tender (NCLT); these are listed below. For those sold at a low margin, see the bullion silver ounce section instead.

Obverse

Effigy of the ruling monarch, legend, face value.

Obverse Inscription Legend of the ruling monarch, date, value
Reverse

Various designs as described individually below.

Reverse Inscription
EdgeMilledEdge InscriptionNone
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Royal Mint
Coin Type: Silver Ounce (1 oz) - (7) Coins
Coin NameReverseObverseIn my collection(s)
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Silver Ounce (1 oz): Details
CountryPitcairn Islands
CurrencyPitcairn Islands Dollar
From2010
Face Value5 (x Dollar)
CurrentYes
MaterialSilver
Designer
TechnologyMilled (machine-made)
ShapeRound
OrientationMedal Alignment (Axis 0)
Size
Mass31.1000 g