Half-Crowns Are Already Rare
(Netv Zealand Press Association) WELLINGTON, April 12. Half-crowns are becoming rarer. Withdrawal date for the coins—about the same size as the proposed 50-cent piece of 1967—is May 3, but they already have become rarities in change and pay envelopes.
An official proclamation will be issued later this week declaring half-crowns no longer legal tender after Monday, May 3. “This, however, does not mean they will not be accepted in shop or business after that date,” the secretary of the Decimal Currency Board (Mr J. N. Searle) said today. “Half-crowns will be around for many months yet. and the proclamation is. in effect, a legal measure officially calling in the coins for replacement.”
Mr Searle said it was expected that from £1,900,000worth of half-crowns in circulation about £1,500.000 would be returned to the Reserve Bank—leaving a difference of £400,000 to allow for loss and souvenir coin collectors.
In return, £1,500,000 of replacement coinage would be issued, in florins, shillings and sixpences. Of this £BOO.OOO was now in hand ready for circulation and the remainder on its way by sea to New Zealand, he said. The purpose of the withdrawal has been to enable provision of a 50-cent coin, upon the change to decimal currency in July, 1967.
Half-Crowns Are Already Rare
Press, Volume CIV, Issue 30724, 13 April 1965, Page 16
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