Zambia's legal tender coinage has long been produced under contract by foreign mints — this piece almost certainly struck in China, which has dominated the commemorative coin market for African nations since the early 2000s by offering low production costs and high-volume capacity. The Nordic gold plating over stainless steel is a cost-driven choice common to this genre, producing coins that photograph well for marketing purposes but whose plating durability over time remains inconsistent.
Zambia redenominated its currency in 2013, replacing the old kwacha at 1,000:1, which makes a 1,000-kwacha face value in 2014 equal to exactly one new kwacha — a nominal denomination with no practical circulation use.
Zambia's legal tender coinage has long been produced under contract by foreign mints — this piece almost certainly struck in China, which has dominated the commemorative coin market for African nations since the early 2000s by offering low production costs and high-volume capacity. The Nordic gold plating over stainless steel is a cost-driven choice common to this genre, producing coins that photograph well for marketing purposes but whose plating durability over time remains inconsistent.
Zambia redenominated its currency in 2013, replacing the old kwacha at 1,000:1, which makes a 1,000-kwacha face value in 2014 equal to exactly one new kwacha — a nominal denomination with no practical circulation use.