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The E-Sylum:  Volume 9, Number 46, November 12, 2006, Article 18

NEW ZEALAND ERROR COIN MAKES HEADLINES

A November 6th article in the New Zealand Herald describes the
recent discovery of a rare error coin:  "It's not often paying
$2170 for a little 20c coin is considered a bargain - except when
it's one of about 15 of its kind in the world.

Peter Eccles, owner of the Downtown Coin Centre, said the 20c
piece was minted on to the shape of a Hong Kong $2 coin by mistake
in 1975, making it one of the rarest New Zealand coins in existence.

The coin was struck when the Royal Mint was making five million
20c coins for New Zealand before it went on to strike 60 million
of Hong Kong's new $2 coin, introduced that year.

It has the face of the New Zealand coin but the shape and
distinctive scalloped edges of the Hong Kong one."

"The 1935 Waitangi Crown is NZ's most famous coin, Mr Eccles
said.

"They are worth about $6000 now. But this [$2170] would be a
record price for a decimal coin that was introduced for
circulation, rather than being a special collector's coin.

"So for a 20c coin, that is about 10,000 times its face value.
But I'd say there are maybe only 10 to 15 of them around."

To read the complete article, see: Full Story

  Wayne Homren, Editor

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