Zambian Shillings: Difference between revisions
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[[File:Zambian Shilling.png|thumbnail|350px|right|Zambia | [[File:Zambian Shilling.png|thumbnail|350px|right|Zambia five shillings in 1965 "1 st Anniversary of Independence"]] | ||
In 1964 [[Zambia]] received [[Independence Day|independence]] Great Britain to become a Common Wealth Nation. | In 1964 [[Zambia]] received [[Independence Day|independence]] Great Britain to become a Common Wealth Nation. | ||
The planned monetary policy was planned to be based on a decimal system but to maintain stability Sterling coinage (pence, shillings, and pounds) was used from 1964 to 1967. | The planned monetary policy was planned to be based on a decimal system but to maintain stability Sterling coinage (pence, shillings, and pounds) was used from 1964 to 1967. | ||
During that time period, coins were issued in the denominations of penny, 6 pence, shilling, 2 shillings, and 5 shillings. The 5 shillings coin (along with the penny) was only a one year issue coin and was physically the largest coin ever issued for circulation | During that time period, coins were issued in the denominations of penny, 6 pence, shilling, 2 shillings, and 5 shillings. The 5 shillings coin (along with the penny) was only a one year issue coin and was physically the largest coin ever issued for circulation. | ||
Zambia celebrated the first anniversary of Independence by issuing a crown or Five Shilling piece. Not only was it the first crown of the new Republic, it was the only Crown or Five Shillings. In 1969 Zambia abandoned the system of Pounds, Shillings and Pence and introduced the Ngwee and Kwacha instead.<ref>[http://www.coincraft.com/zambia-1965-only-crown Zambia 1965 only Crown]</ref] | |||
==Design== | ==Design== | ||
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==External links== | ==External links== | ||
*[http://typesets.wikidot.com/zambia:5-shillings-1965 Zambia 5 Shillings: 1965 First Year Independence] | *[http://typesets.wikidot.com/zambia:5-shillings-1965 Zambia 5 Shillings: 1965 First Year Independence] | ||
==References== | |||
<references/> | |||
[[Category:Zambian currency]] | [[Category:Zambian currency]] | ||
[[Category:History of Zambia]] | [[Category:History of Zambia]] | ||
[[Category:1964 in Zambia]] | [[Category:1964 in Zambia]] | ||
[[Category:Money]] | [[Category:Money]] | ||
Revision as of 05:26, 10 June 2016
In 1964 Zambia received independence Great Britain to become a Common Wealth Nation.
The planned monetary policy was planned to be based on a decimal system but to maintain stability Sterling coinage (pence, shillings, and pounds) was used from 1964 to 1967.
During that time period, coins were issued in the denominations of penny, 6 pence, shilling, 2 shillings, and 5 shillings. The 5 shillings coin (along with the penny) was only a one year issue coin and was physically the largest coin ever issued for circulation.
Zambia celebrated the first anniversary of Independence by issuing a crown or Five Shilling piece. Not only was it the first crown of the new Republic, it was the only Crown or Five Shillings. In 1969 Zambia abandoned the system of Pounds, Shillings and Pence and introduced the Ngwee and Kwacha instead.<ref>Zambia 1965 only Crown</ref]
Design
Designed by Norman Stillman, the obverse design features Zambia’s national arms and on the outer periphery is the denomination “5 SHILLINGS” and country name “ZAMBIA”.
The reverse design features a bust image of President Kenneth David Kuanda facing right and on the outer periphery is the independence anniversary date of “24 OCTOBER” and year of issuance “1965”.
Another design feature of the coin is a lettered edge that has the phrase “ONE ZAMBIA ONE NATION * 24.10.1964 * “.
Market Notes
With no precious metal and very little numismatic demand for Zambia coins, prices are incredibly affordable (even in high grades of uncirculated) despite its low mintages.
5 Shillings Quick Coinage Facts
- Years Minted: 1965
- Composition: Copper, Nickel
- Diameter Type: 38.80 mm
- Weight: 28.2 grams (approximate)
- Total Series Mintage: 10,000 (circulation), 20,000 (proof)
- Obverse Design: Coat of Arms
- Reverse Design: Bust Design
- Unique Features: Lettered Edge
