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The New Zealand 5 cent coin was withdrawn and demonetised on the 1st of November, 2006.

All New Zealand pre-2006 5 cent coins are no longer legal tender, but they are redeemable for face value at the Reserve Bank of New Zealand.

Unless they are part of a Proof or uncirculated mint set or are individual Proof or uncirculated coins and in absolute mint condition, they are worth 5 cents.

The one and only exception to this is the 1967 5 cent coin with "no sea" in the background behind the lizard. This is the only New Zealand general circulation 5 cent coin to have some collector value. Of the 26.3 million coins minted, it is estimated that about 1 million of them are of the "no sea" variety.

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