Zambia 1978 5 ngwee
This specimen was lot 74918 in Stack's Bowers Collector's Choice sale (Costa Mesa, CA, November 2023), where it sold for $60. The catalog description[1] noted, "ZAMBIA. 5 Ngwee, 1978. PCGS SPECIMEN-68. The lowe[st] minted year [o]f the series, this Superb Gem displays with a silky like luster. From the Kings Norton Mint Collection." Zambia seceded from the Federation of Rhodesia and Nyasaland in October 1964. A set of sterling coinage was issued in 1966. Zambia converted to decimal coinage in 1969 and this type was issued 1968, 1972, 1978, 1982 and 1987, whereupon the denomination was suspended. Zambia has not issued any coinage for circulation since a five kwacha of 1992 (KM 31). Kenneth Kaunda, shown on the obverse, was president of Zambia 1964-91.
Recorded mintage: 1,976,000 plus 24,000 proofs.
Specification: 2.82 g, copper-nickel, 19.4 mm diameter.
Catalog reference: KM-11.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
- [1]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, November 2023 World Collectors Choice Online Auction - Ancient & World Coins, Costa Mesa, CA: Stack's Bowers Galleries, Inc., 2023.
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