Silver Five Ounces 2023 King Charles III Coronation, Coin from New Zealand - detailed information

New Zealand uses the New Zealand Dollar as its circulation currency for daily transactions. The country also issues a number of commemorative and collector coins, including in the large five ounces of silver format (abbreviated as 5 oz Ag, where "Ag" comes from the Latin word for silver, Argentum). Authorised by the Reserve Bank of New Zealand, the official issuer of these coins is NZ Post - which also issues the country's postal stamps. Manufacturing of the coins is commissioned to various foreign mints.

The coins are "Non-Circulating Legal Tender" (NCLT) and not bullion because they are issued at prices much higher than their intrinsic value and are targeted at collectors who appreciate them for their artistic or sentimental value, and not at bullion investors.

This silver coin was issued to celebrate the Coronation of King Charles III in 2023. It features an obverse with a portrait of the king developed especially for the New Zealand coin series marking the occasion.

NZ Post says about the coin:
For almost a thousand years, each monarch of Britain, and later New Zealand, has been crowned in a special ceremony months after their accession. A coronation is an important day in the history of the nation, a vibrant shared experience for the public, and an occasion of deep personal significance in the life of the monarch. A 5oz silver proof coin has been created to commemorate this momentous occasion.