Ten Dollar Everest Coins
by The Dominion Post
Commemorative gold and
silver coins to mark the 55th anniversary of Sir
Ed Hillary's conquest of Mt Everest are to be
Sir Ed, who died in January, aged 88, and Sherpa
Tenzing Norgay became the first climbers to
reach the summit of the world's highest peak, on
May 29, 1953.
New Zealand Post's general manager of stamps and
coins, Ivor Masters, said 1953 gold coins would
be issued as a tribute to Sir Ed.
They would sell for $575 (discounted to $520
till July 1) and would be legal tender for $10.
Up to 10,000 silver coins would be sold for $89
each. They would be legal tender for $1.
Mr Masters said New Zealand Post had consulted
Sir Ed's widow, June.
Some of the funds raised from the coins would go
to the Himalayan Trust, which was founded by Sir
Ed, but Mr Masters would not say how much.
Rare-coin dealer John Mowbray doubted whether
the coins would have much value as investments.
The gold coins had $300 worth of gold in them
but would retail for nearly twice that much.
"There are better ways of chucking away half
However, he expected the coins would be sought
after by collectors.
Wellington coin dealer John Eccles said the
10,000 silver coins were many more than were
normally minted and that fact would lower their