Value | 2.00 New Zealand dollars |
---|---|
Mass | 10.00 g |
Diameter | 26.50 mm |
Thickness | 2.70 mm |
Edge | Security |
Composition | Copper-aluminium-nickel (Cu 92%, Al 6%, Ni 2%) |
Years of minting | 1990 – present |
Catalog number | – |
Obverse | |
Design | Elizabeth II, Queen of New Zealand |
Designer | Ian Rank-Broadley |
Design date | 1999 |
Reverse | |
Design | An eastern great egret or kotuku (Ardea alba modesta) |
Design date | 1990 |
The New Zealand two-dollar coin is the largest-denomination coin of the New Zealand dollar. It was introduced along with the one-dollar coin in 1990. Both are made from an alloy of aluminium and brass. It is the largest and heaviest coin in circulation, weighing ten grams and measuring 26.5 millimetres in diameter. Its thickness is 2.7 mm, only 0.4 mm thinner than the one-dollar coin, thus it is the second-thickest coin in the country's circulation.[1]
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History[edit]
Series of 1928G Two Dollar Bill – Red Seal Legal Tender – Values and Pricing Series of 1929 $100 Federal Reserve Bank Notes – Values and Pricing Series of 1929 $20 National Bank Note Value. Due to their rarity, some 2-dollar bills' value may be much more than two dollars. In fact, certain cases, these bills can be worth thousands. Like all collectable coins and bills, 2-dollar bill value depends on many factors, including condition, the year of production, and more. The bills aren't easy to find, but they are very special.
A two dollar banknote was used in New Zealand from the start of the dollar in 1967 until 1991 when the coins became widely circulated.
The original ideas to produce one- and two-dollar coins were proposed in 1986[2] because of ongoing inflation which had lowered the value of the dollar and would cause the demonetisation of the one and two cent coins in 1988. From its first year until 1998 the coin featured on its obverse the portrait of Queen Elizabeth II by the British-Palestinian sculptor Raphael Maklouf. It had the text ELIZABETH II on the left of the portrait, NEW ZEALAND on the right and the date at the bottom.[3]
The effigy was replaced in 1999 by a portrait by Ian Rank-Broadley, which had been introduced to the coins of the pound sterling in 1998. It reversed the position of the writing, moving the Queen's name to the right and the country's name to the left.[4]The reverse features an eastern great egret (Ardea alba modesta) (Maori: kotuku). It is sacred to New Zealand's Māori people, and highly endangered within the country, only inhabiting the Okarito Lagoon on the South Island.[2] This continues the theme of birds among the dollar coins; the one-dollar coin has a kiwi, unique to New Zealand, on its reverse. The edge is fully milled, unique amongst New Zealand's current currency.
The 1997 NZ $2 coin was recalled quickly and destroyed due to an error that resulted in vending machines and parking meters rejecting them. This was due to the metal composition of the coin being slightly different to previous years, meaning that the conductivity of the 1997 coin was irregular. As most coin mechanisms use conductivity to verify a coin, this discrepancy resulted in widespread rejection of the coin.[5]
Minting figures[edit]
Year | Mintings |
---|---|
1990 | 30,000,000 |
1991 | 10,000,000 |
1992–96 | none |
1997 | 1,000,000 |
1998 | 6,000,000 |
1999 | 5,050,000 |
2000 | none |
2001 | 3,000,000 |
2002 | 6,000,000 |
2003 | 6,000,000 |
2004 | none |
2005 | 5,000,000 |
2006–07 | none |
2008 | 8,000,000 |
2009–10 | none |
2011 | 8,000,000 |
2012–13 | none |
2014 | 7,000,000 |
2015 | 3,000,000 |
2016 | 3,000,000 |
2017–18 | none |
2019 | 12,200,000 |
In total $226.5 million worth of two-dollar coins have been minted (113.25 million coins).[6]
References[edit]
- ^'Archived copy'. Archived from the original on 9 July 2015. Retrieved 15 May 2014.CS1 maint: archived copy as title (link)
- ^ ab'Archived copy'(PDF). Archived from the original(PDF) on 12 July 2013. Retrieved 20 December 2012.CS1 maint: archived copy as title (link)
- ^http://worldcoingallery.com/countries/display.php?image=img3/131-79&desc=New Zealand km79 2 Dollars (1990–1998)&query=New Zealand
- ^http://worldcoingallery.com/countries/display.php?image=img3/131-2d99&desc=New Zealand km121 2 Dollars (1999--)&query=New Zealand
- ^http://www.stuff.co.nz/business/9531500/Meters-reject-1997-2-coins
- ^https://www.rbnz.govt.nz/statistics/f4
External links[edit]
The $2 Dollar Bill is America's Rarest Current Denomination of US Currency
OverviewThe $2 dollar bill is America's rarest small denomination in the US Currency. The unique history of the $2 bill has given the note an air of mystery and legend. If you have a $2 dollar bill in your wallet, it is always an instant conversation starter at parties and events where tipping is appropriate. This page outlines the history of the $2 dollar bill along with its many changes over the years.
History
On 25 June, 1776, the Continental Congress authorized the issue of two-dollar bills of credit for the defense of the America. Only 49,000 bills were issued at that time. The two-dollar bill was first commissioned in March, 1862. The two-dollar denomination was discontinued from 1966 until 1976 when use of the two-dollar bill was resumed as part of the United States bicentennial celebration. The two-dollar bill was last issued in 2003.
3 Dollar Bills
How Rare is the $2 Dollar Bill?Low printing numbers starting in the 1950s resulted in the $2 dollar bill becoming the rarest current denomination of US Currency. This rarity caused people to hoard any $2 bills they come across and as a result this decreased the circulation of the $2 dollar bill even more. Today the $2 dollar bill constitute around 1% of all notes in US circulation.
Growing Popularity of the $2 Dollar Bill
Today the $2 dollar bill is growing in popularity. In 2005 alone, 61 million $2 bills were printed. This is more than twice the number of $2 bills that were printed annually between 1990 and 2001.
One reason for the increased popularity is the $2 dollar bill is becoming more frequently used as change where tipping is encouraged. For example, $2 dollar bills are popular in some bars and night clubs, especially gentleman's clubs and poker rooms. The reason many gentleman's clubs give change using $2 bills is to encourage larger tips.The $2 dollar bill is also seen as a unique way to give a gift of money.
Is the $2 Dollar Bill Still in Circulation?
There is a common misconception that the $2 bill is no longer in circulation. However, that is not the case as the official Bureau of Engraving and Printing Web site lists the $2 Dollar Bill as one of the U.S. Currency Small Denominations.
What is a $2 Dollar Bill worth?
Typically the $2 bill is worth its face value. Special $2 bills have been made in recent years, however they are not worth anything more than face value on the collectors market and most current $2 bills are not worth much more than their face value.
Legends, Myths and Factoids
Several legends have arisen around the $2 dollar bill over time:
- The scene of the Declaration of Independence that appears on the bill's reverse is not a perfect duplicate of the John Trumbull painting. Five figures were removed to make the image fit the bill
- In 2004, President Jefferson's estate and home Monticello had an admission price of $13. As a results most people required $2 dollars in change. The staff at Monticello would hand out $2 dollar bills featuring President Jefferson's portrait as change for admission to his estate.
- A two-dollar bill is often used as a tracer by small stores to track robberies. A store clerk can keep a two-dollar bill at the bottom of their one-dollar bill slot in the cash drawer with its serial number recorded in case of robbery.
- In 2005 Stuart Woods wrote a novel called “Two Dollar Bill.” One of the major characters made it a point to always tip with two-dollar bills.
- The two-dollar bill has a long association with horseracing and was popular at racetracks for placing a two-dollar bet.
- Steve Wozniak, co-founder of Apple Computing, buys two dollars by the sheet from the Treasury Department. He then has them bound into a booklet and the bills act as “tear off” pages.
Sources:
- http://www.moneyfactory.gov/small2denom.html
- http://www.moneyfactorystore.gov/2currencysheetsbeptestsheet.aspx
- http://www.tnttrader.com/History%20of%20the%20Dollar%20Bill.htm
- http://www.suite101.com/content/twodollar-billfact-and-fiction-a161356
- http://www.bbc.co.uk/dna/h2g2/A30652445
- http://en.wikipedia.org/wiki/United_States_two-dollar_bill
1862 $2 Legal Tender Note
This $2 bill features a profile portrait of Alexander Hamilton.
1869 $2 United State Note
The $2 note also features a vignette of the United States Capitol in the center of the obverse (front).
1896 'Educational Series' $2 Silver Certificate
This $2 note featured artwork of an allegorical figure of science presenting steam and electricity to commerce and manufacture.
1952 $2 Dollar Bill
The treasury seal was made smaller and moved to the right side of the bill and it was superimposed over the gray word TWO.
The United States Note obligation also became superimposed over a gray numeral 2.
The reverse (back) featured Thomas Jefferson's estate and home of Monticello in Virginia.
1976 Bicentennial $2 Dollar Bill
2 Dollar Games
The $2 note was redesigned and issued as a Federal Reserve Note.
Uncut $2 Currency Sheets
Uncut sheets of $2 bills are available in various sizes. A 32-subject sheet, which is the original size sheet that the notes are printed on, is available. Other sheet sizes available have been cut from the original 32-subject sheet. These include half (16-note), quarter (8-note), and eighth (4-note) sheets for $2 bills.
Uncut sheets range in price from $21 to $90 from the Bureau of Engraving and Printing. Uncut sheets also come up frequently for auction online on eBay.