On 31 July 2006 it was eliminated as part of a revision of New Zealand's coins, and it was demonetised (no longer legal tender) as of 1 November 2006.
[2] The five-cent coin was introduced on 10 July 1967 with the decimalisation of New Zealand currency, where the New Zealand dollar replaced the New Zealand pound at a rate of two dollars to a pound, with six pence in the old pound currency equaling five cents in the new one.
The coin was made of cupronickel, 19.43 mm in diameter, and weighed 2.83 grams.
By the early 2000s, the five-cent coin had become of little value due to inflation, and its costs to produce have long exceeded its face value.
[3] In 2017, American author John Green requested that some of the coins be given to him to give away as gifts on his upcoming book tour.