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Kiribati 1 cent coin

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1 cent

Kiribati cent 1992 KM1a

Kiribati cent 1979

General information
Country

Flag of Kiribati Kiribati

Value

$0.01

Years

19791992

Measurements and composition
Mass

2.6 g

Diameter

17.5 mm

Composition
Appearance
Shape

round

Alignment

medallic

Obverse

Coat of arms of Kiribati, state title, year

Reverse

Great Frigatebird (Fregata minor), value

v · d · e

The 1 cent coin is a circulation coin of the Republic of Kiribati that was produced by the Royal Australian Mint during 1979, the year of the country's independence, and 1992. The coin has a value equivalent to 0.01 Kiribati dollars, thus making it also equal in value to 0.01 Australian dollars due to a currency peg. It is the lowest-denominated piece of currency ever issued by Kiribati, and although it is still legal tender, devaluation has effectively rendered it obsolete. Both sides were designed by British sculptor Michael Hibbit (1947–).

The pieces produced in 1979 and some of those minted in 1992 are composed of bronze, while the majority of the 1992 coins are made of bronze-plated steel. Despite the differences in composition, both the bronze and bronze-plated steel varieties of the Kiribati cent, as well as the Australian coin of the same denomination, share a mass of 2.6 grams and a diameter of 17.5 millimeters. The two are also round in shape and have medallic alignment and smooth edges. Featured at the top center of both coins' obverses is the coat of arms of Kiribati — which features inside an escutcheon a depiction of a frigatebird in flight over a rising sun and the Pacific Ocean. The state title "KIRIBATI" is arched around the rim below the arms, and is followed by the date of minting. Depicted on the reverse of both coins are two Great Frigatebirds (Fregata minor), one perched on a tree limb and another in flight. The value is printed at the very top of both coins as "CENT 1", the word and the numeral printed on separate lines and the latter being much larger than the former.

Krause's Standard Catalog of World Coins currently lists the bronze and bronze-plated steel coins as different types. Even though both types of the year 1992 are identical in design and measurements, the bronze-plated steel coins can often be distinguished from their attraction to magnets and their generally noticeable luster. A reported total of approximately 100,000 bronze pieces were minted in 1979: 90,000 circulation and 10,000 proof coins. The mintages of the bronze and bronze-plated steel pieces of 1992 are currently unknown, but the number of plated examples in existence is believed to exceed that of its bronze counterpart.

ReferencesEdit

 v · d · e
Kiribati dollar
Coins 10¢20¢50¢$1$2$5$10$20$50$100$150$200$500
Miscellaneous Australian dollarCentDollarFixed exchange rateMichael HibbitRoyal Australian Mint

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