Silver Ounce 2021 Kiwi, 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 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 is part of an annual series featuring a new Kiwi design every year, and depicts the Brown Kiwi. The Brown Kiwi is also known as "Northern Kiwi" or "Northern Striped Kiwi". It lives in isolated populations on New Zealand's North Island. The plumage of the flightless bird is typically dark brown with a reddish pattern. The brown kiwi is the only species that regularly lays two eggs in a clutch.