Smart Buying Guide: How to Buy the 1993 New Zealand Kingfisher $2 Coin Without Getting Ripped Off

Historical Significance

The 1993 New Zealand $2 Kingfisher coin represents a fascinating chapter in modern numismatics. This aluminum-bronze coin features a distinctive “security edge” – a ribbed center stripe with rivets that runs through the middle of the coin’s edge. According to Krause catalogs, this coin exists in two primary varieties: the standard KM#87 aluminum-bronze version and the KM#87.a silver proof version with a mintage of approximately 10,000 pieces.

The coin showcases New Zealand’s cultural pride in its native bird species, featuring a kingfisher on the reverse. While some collectors debate whether this coin was truly commemorative or simply part of New Zealand’s regular coinage featuring native wildlife, its unique edge design and limited mintage make it an intriguing collectible.

Identifying Key Markers

When examining potential purchases, pay close attention to these key features:

• Edge Design: The security edge should have a ribbed center stripe with rivets – this is the coin’s most distinctive feature
• Metal Composition: The standard version is aluminum-bronze (92% copper, 6% aluminum, 2% nickel), not a bronze coating over aluminum as sometimes misunderstood
• Color Variations: Some examples show uneven coloring with silver-colored highlights, particularly along high points – this is normal oxidation, not a plating issue
• Design Details: Look for the kingfisher on the reverse and proper Queen Elizabeth II portrait on the obverse

Where to Buy

Based on market availability discussed in collector forums, you can find these coins through several channels:

• eBay: Several listings exist in the $30 range for the aluminum-bronze version in decent condition
• Online Coin Dealers: Some specialize in New Zealand coinage and may have better selections
• International Coin Shows: Dealers from New Zealand and Australia often attend major shows
• Direct from New Zealand: Some collectors have had success ordering directly from New Zealand dealers

Red Flags to Watch For

Be cautious of these potential issues when shopping:

• Misrepresentation of Metal Content: Some sellers incorrectly describe these as “bronze coated aluminum” when they’re actually solid aluminum-bronze alloy
• Counterfeit Security Edges: The unique edge design could potentially be replicated by counterfeiters
• Overpricing: The silver proof versions in ANACS slabs for around $50 may be fairly priced, but some sellers ask $200+ for proof sets, which seems excessive
• Condition Discrepancies: Photos can be misleading – always ask for additional images if the listing seems questionable

Negotiating Tips

When negotiating for these coins, keep these strategies in mind:

• Research Recent Sales: Know the going rates before making an offer
• Buy in Multiples: If you want several coins for comparison, ask for a bulk discount
• Point Out Flaws: If you notice any imperfections in the photos, use these to negotiate a lower price
• Consider Raw vs. Slabbed: Raw coins typically sell for less than slabbed examples, but you’ll need to authenticate them yourself

Raw vs. Slabbed Considerations

Deciding between raw and slabbed coins involves weighing several factors:

Raw coins offer better value and allow you to examine the security edge closely, but require you to authenticate the coin yourself. The aluminum-bronze alloy should be solid throughout – not plated or coated.

Slabbed coins (particularly the silver proofs in ANACS holders) provide authentication and protection but typically cost 30-50% more. For the standard aluminum-bronze version, slabbing may not be worth the premium given the coin’s modest value.

Market Analysis

The 1993 New Zealand $2 Kingfisher occupies an interesting niche in the market. While not particularly rare, its unique edge design and limited mintage make it more desirable than common circulating coins. The aluminum-bronze version typically trades in the $25-35 range, while silver proofs command $50-75 depending on grade.

Market activity suggests steady but not spectacular demand. Collectors of New Zealand coinage, those interested in unique edge designs, and bird-themed coin enthusiasts represent the primary buyer base.

Authentication Tips

If purchasing raw coins, verify these details:

• Weight: Should match specifications for the aluminum-bronze alloy
• Edge Examination: The security edge should be consistent all the way around
• Metal Test: A magnet should not stick (neither aluminum nor bronze is magnetic)
• Color Consistency: While oxidation varies, the metal should appear uniform when examined closely

Conclusion

The 1993 New Zealand $2 Kingfisher coin offers collectors an interesting piece with its distinctive security edge and cultural significance. While not a major rarity, it represents good value in the $25-35 range for the aluminum-bronze version. Whether you’re drawn to its unique design, New Zealand heritage, or simply want an unusual addition to your collection, this coin deserves consideration.

Remember that patience pays off – with steady market availability, you can afford to wait for the right example at the right price. Focus on coins with clear, detailed photos and don’t hesitate to ask sellers questions about condition and authenticity. With careful shopping, you can add this intriguing modern coin to your collection without overpaying.

Related Resources

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