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 very large silver kilogram format (abbreviated as 1 kg 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 coin is part of a range featuring Māori folklore, and features the Four winds. It has the Te Hau Raki design from the 2020 Ngā Hau e Whā - The Four Winds coin set.
NZ Post (the issuer of the coin) says about it: Well known whakataukī (proverb) "E hoki ki ō maunga, kia purea koe e ngā hau o Tāwhirimātea" encourages people to refresh themselves by returning home: return to your mountains that you may be cleansed by the winds of Tāwhirimātea. Tāwhirimātea is the father of the four winds, Te Hau Rāwhiti (the east wind), Te Hau Tonga (the south wind), Te Hau ā Uru (the west wind) and Te Hau Raki (the north wind).
Te Hau Raki is the warm wind that blows from Te Hiku o Te Ika (the Tail of the Fish), the Māori name for Northland. Follow the tail to the end, to Te Reinga, to where two seas meet and mark the pathway of the spirits to Hawaiki, the spiritual homeland of Māori. |