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Silver Price New Zealand
The country of New Zealand is located in the Southwestern Pacific. The country consists of over 600 separate islands as well as two primary land masses known as the North Island and the South Island. The country is a not-too-distant neighbor of Australia, and is situated some 900 miles east of Australia across the Tasman Sea. The country features a great deal of biodiversity, as it was one of the last places to be settled by humans. Due to volcanic activity and tectonic uplift, the country has a unique topography. The capital city of New Zealand is Wellington, although its most populous city is Auckland. English is the primary language spoken in the country, and its government is a unitary parliamentary constitutional republic.
The official currency of New Zealand is the New Zealand Dollar. The currency is often referred to as the kiwi, nicknamed so for the indigenous bird that has become an iconic symbol of the country. In addition to the mainland, the kiwi is also legal tender for the Cook Islands, the Ross Dependency, Tokelau, Niue and the Pitcairn Islands.
The kiwi was introduced in 1967, and like other major global currencies can be subdivided into 100 smaller units of currency called cents. The New Zealand Dollar is one of the most widely traded currencies in the world.
The New Zealand Dollar is issued and controlled by the country’s central bank, the Reserve Bank of New Zealand. Established in 1934, the central bank has several other key duties in addition to management of the currency. Some of these tasks include conducting monetary policy and oversight of the country’s banking system.
If you are looking to buy silver or get a quote on the metal in New Zealand, you will likely see prices posted in the local currency. Prices may also be available in other key global currencies such as Japanese Yen, Aussie Dollars, U.S. Dollars, euros or Great British Pounds. Silver is typically quoted by the ounce, gram and kilo.
The New Zealand Mint has been in the business of minting legal tender collectible coins, gold bullion and medallions for over four decades. The mint is the country’s only precious metals mint, and it was one of the first mints to adopt the .9999 purity standard for gold coins.
The mint is a leading producer of fine silver and gold collectible coins, and it has earned a reputation for making coins not only of the highest quality standards but also coins with exquisite design work.
The mint produces a number of different silver coin series that celebrate various things from endangered species to battles that changed history to great cities and more. These coins feature inspiring attention to detail, and are some of the most visually appealing silver collectible coins on the market today.
The mint even sells a 1 kilo silver bullion bar that is good, legal tender and is produced by ABC Bullion. Bullion bars typically carry premiums that are considerably less than collectible coins and may provide a very cost effective way to acquire as many total ounces as possible.