Hobbit coins will be released as legal tender in New Zealand


Bilbo Baggins will be worth $10NZ

New Zealand to release commemorative ‘The Hobbit’ coins worth thousands of dollars ahead of next month’s premier of director Peter Jackson’s latest Tolkien epic.

Hobbit coins, featuring characters such as Bilbo Baggins and Gandalf the wizard, will be legal tender in the country, New Zealand Post said – although their face value will be only a fraction of the cost collectors will be expected to pay.

The most expensive, made from one ounce of pure gold, costs more than 350 times its face value. It will set Tolkien enthusiasts back NZ$3,695 but has a face value of just NZ$10.

The cheapest is available for almost 30 times its face value – a NZ$1 coin retailing for NZ$29.90…

Jackson, who was responsible for the Oscar-winning adaptation of Tolkien’s “The Lord of the Rings” trilogy, announced earlier this year that he would make three films from “The Hobbit” book, rather than two as originally planned…

New Zealand enjoyed a huge tourism boom after the original trilogy and is hoping to repeat the success with the Hobbit movies, launching a campaign branding the country “100% Middle Earth” to coincide with the premiere.

According to my friends, the smartest brown trout in the world live there. A long, long time.

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