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 internationally popular one ounce of silver format (abbreviated as 1 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 coin features the All Blacks - New Zealand's rugby team.
NZ Post says about it: Recognised around the world as a symbol of Aotearoa New Zealand, the iconic silver fern is a legacy carried forward and protected by each athlete who wears it.
The design of the 2019 All Blacks coin is about legacy. The kaitiaki, or guardians, that sit either side of the All Blacks logo represent the protection of the legacy of the All Blacks team. The one on the left symbolises the past and the one on the right is about paving the way ahead, setting a standard to be aimed for and upholding the proud history and record and legacy that is the All Blacks. The All Blacks logo in the middle represents the current team. The overall design represents past, present and future.
The koru shapes around the edge symbolise growth, reaching upward toward the light, strength, perpetual motion, new beginnings, returning to a point of origin, and is a symbol of the unfurling fern frond. When fully-grown it becomes the silver fern. |