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 was issued as part of New Zealand's annual proof coin set in 2023, and features the native bee.
New Zealand is known around the world for its bee-related exports - mānuka honey, the Buzzy Bee toy and even live insects. Less known is the significance of New Zealand’s native bees - they don’t make honey, nor do they look much like the stereotypical specimen, but they are critical to our unique ecosystem.
Of New Zealand’s bees, the Leioproctus genus is the best recognised. A maximum of 12 millimetres long, they look the most like honeybees. They’re all black except for Leioproctus fulvescens, which has dense orange-yellow hair. This species is featured on the coin, alongside the manuka flowers it pollinates. The coin features gold-plated text and a pattern of recessed circles on the edge representing the fact that the bees nest in the ground. | 
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