2002 New Zealand 1 Dollar Coin Value
The 2002 New Zealand 1 dollar coin is a circulation coin that was introduced in 1991, replacing the one-dollar note. The coin has undergone several design changes over the years, but the 2002 version remains a popular collector's item.
Design and Features
The 2002 1 dollar coin features a kiwi, New Zealand's national symbol, on one side. The kiwi is surrounded by a spiral pattern, which is a common design element in Maori culture. The other side of the coin bears the portrait of Queen Elizabeth II, the monarch of New Zealand.
The coin is made of aluminum-bronze and has a diameter of 23 millimeters. It weighs 8 grams and has a reeded edge. The coin's design was created by New Zealand artist Robert Maurice Conly, who is known for his work on several other New Zealand coins.
Mintage and Value
The 2002 1 dollar coin was minted in limited quantities, with a total of 10 million coins produced. This limited mintage has contributed to the coin's value among collectors.
Uncirculated Coins
- In mint condition, the 2002 1 dollar coin can sell for around NZD $5 to $10 (approximately USD $3 to $6).
- Graded coins, such as those with a high grade from the Professional Coin Grading Service (PCGS), can fetch higher prices, up to NZD $50 to $100 (approximately USD $30 to $60).
Circulated Coins
- Circulated coins in good condition can sell for around NZD $1 to $5 (approximately USD $0.60 to $3).
- Coins with wear and tear may be worth less, around NZD $0.50 to $1 (approximately USD $0.30 to $0.60).
Rarity and Demand
The 2002 1 dollar coin is considered a relatively rare coin, especially in mint condition. As a result, demand for the coin is high among collectors, which has driven up its value.
Conclusion
The 2002 New Zealand 1 dollar coin is a valuable collector's item, particularly in mint condition. Its limited mintage and high demand have driven up its value, making it a popular choice among collectors. If you're lucky enough to have one of these coins in your collection, it may be worth more than you think!
