New Zealand’s head of state is Queen Elizabeth II. This does not compromise the country’s independence because she does not exercise any powers in New Zealand as Queen of the United Kingdom. As New Zealand’s sovereign, her head has appeared on the country’s coins for over 50 years. The youthful image on the commemorative coin issued at the time of the Queen’s coronation in 1953 (top left) contrasts with the mature depiction on the 50-cent coin issued in 2001 (bottom).
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Te Ara - The Encyclopedia of New Zealand
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