From 1967, when it replaced the sixpence, until 2006, when it was taken out of circulation, the five-cent coin featured a tuatara on a rocky shore with a gull in the background. The five-cent piece was scrapped because inflation had diminished it to about half a cent in terms of its 1967 value – it was effectively worthless in 2006.
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Te Ara - The Encyclopedia of New Zealand
Photograph by Heath Sadlier
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