| Coin | One Dollar 1988 Penguin |
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When decimal currency was introduced in New Zealand on 10 July 1967, there was no new circulating denomination with the size and specifications of the old one crown piece, in which only commemorative coins had been issued; the new (large) fifty cents were equivalent in value but not in size. New Zealand issued crown-sized commemoratives with the specifications of the old crown, based on the British pre-decimal Crown. Until the introduction of the smaller circulating dollar coin in 1990, these coins had a one dollar denomination; later issues were denominated as five dollars.
These coins are legal tender but are not intended for circulation.
The 1988 large one dollar coin features an yellow-eyed penguin. |
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| Obverse | |
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The obverse of the coin shows the crowned bust of Queen Elizabeth II, facing right (her effigy known as the "Third Portrait"). The Queen is wearing the royal diadem which she wears on her way to and from the State Opening of Parliament, a pearl necklace and earrings.
Incuse in tiny letters on the neck truncation, the designer's initials RDM (for Raphael David Maklouf).
Around, the monarch's legend and the date of issue: ELIZABETH II NEW ZEALAND 1988.
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| Reverse | |
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Yellow-eyed penguin on a grassy beach, small penguin wading in water in the background. Around above, the denomination ONE DOLLAR. Around below, YELLOW-EYED PENGUIN. |
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| Reverse Inscription |
ONE DOLLAR YELLOW-EYED PENGUIN |
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| Edge | Milled | Edge Inscription | None |
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