▁new ▁$ 1 ▁coin ▁dep icted ▁a ▁ki wi , ▁the ▁ 2 0 c ▁coin ▁reverse ▁design ▁was ▁changed . ▁The ▁new ▁ 2 0 c ▁co ins ▁dep icted ▁a ▁M ā ori ▁car ving ▁of ▁P uk aki , ▁a ▁chief ▁of ▁the ▁Ng ati ▁Wh aka ue ▁i wi . ▁Co ins ▁with ▁ki wi ▁design , ▁however , ▁out number ed ▁co ins ▁with ▁the ▁new ▁design ▁until ▁they ▁were ▁replaced ▁with ▁the ▁new ▁ 2 0 c ▁co ins , ▁all ▁dep ict ing ▁the ▁later ▁design , ▁in ▁ 2 0 0 6 . ▁ ▁In ▁ 1 9 9 9 , ▁Ian ▁Rank - B road ley ' s ▁portrait ▁of ▁the ▁Queen ▁was ▁introduced ▁and ▁the ▁legend ▁re arr anged ▁to ▁read ▁NEW ▁Z E AL AND ▁E LI Z AB ET H ▁II ▁[ date ]. ▁ ▁Change ▁to ▁smaller ▁co ins ▁▁ ▁On ▁ 1 1 ▁November ▁ 2 0 0 4 , ▁the ▁Reserve ▁Bank ▁announced ▁that ▁it ▁proposed ▁to ▁take ▁the ▁ 5 c ▁coin ▁out ▁of ▁circul ation , ▁and ▁to ▁make ▁the ▁existing ▁ 5 0 , ▁ 2 0 ▁and ▁ 1 0 c ▁co ins ▁smaller ▁and ▁use ▁pl ated ▁steel ▁to ▁make ▁them ▁l ighter . ▁The ▁reasons ▁given ▁were : ▁▁ ▁The ▁ 5 c ▁coin ▁was ▁worth ▁a ▁third ▁of ▁what ▁a ▁cent ▁was ▁worth ▁back ▁in ▁ 1 9 6 7 , ▁when ▁New ▁Zealand ▁decimal ised ▁its ▁currency . ▁ ▁Sur