NEW SILVER COINS.
LARGE QUANTITY RECEIVED. CIRCULATION BY BANK. Some of the new silver currency recently minted in the United Kingdom is about to be put into circulation in this country. The Bank of New Zealand has received a first consignment of the new issue norissV shillings, sixpences and threepenny pieces to the aggregate value of £10,000, and these will-soon be in common use. A few ' of the new coins, no doubt brought by immigrants and other persons arriving •from. Great Britain, axe already is circulation. They seem to have been regarded in some cases with suspicion, no doubt because they differ to some extent in colour and still more markedly in "ring** from the silver coins hitherto in use. It seems likely that some recent reports of allegedly spurious silver coins in circulation actually refer to coins of the new issue. Until last year British silver coins contained 925 parts in 1000 of fine silver-" The new coins contain. 500 parts silver, 400 copper, and IGO parts nickel. The reduction m the silver content is noteworthy, since it is the first that has been made since the days of Queen Elizabeth.
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Bibliographic details
New Zealand Herald, Volume LVIII, Issue 17782, 16 May 1921, Page 4
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192NEW SILVER COINS. New Zealand Herald, Volume LVIII, Issue 17782, 16 May 1921, Page 4
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