Australia 1813 Holey dollar
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Have I had my head in the sand not to know this coin existed?
AUSTRALIA. New South Wales
Holey Dollar of 5 Shillings, 1813
Lot 793 in Stack's January 13, 2004
International Sale.
AUSTRALIA. New South Wales
Holey Dollar of 5 Shillings, 1813
Lot 793 in Stack's January 13, 2004
International Sale.
One of the penalties for refusing to participate in politics
is that you end up being governed by inferiors. – Plato
is that you end up being governed by inferiors. – Plato
0
Comments
Really cool piece!
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
They made modern bullion issues with holes in them based on this too.
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is that you end up being governed by inferiors. – Plato
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The first government in Australia had a hard time keeping coins in circulation. Traders who came by oftentimes took the 8 reales coins they were using valued at 5 shillings, so they punched out the center to intentionally make they overvalued. The holey dollar kept the nominal value of 5 shillings, and the punched out "dump" was valued at 15 pence. The dumps were worth more as bullion than their nominal value, so they continued to disappear from circulation.
Obscurum per obscurius
Obscurum per obscurius
Very interesting.
09/07/2006
Thanks for posting us that scan!
The Holey Dollar and Dump are also coins i would love but will never own unless i had a big lotto win
Sorry to dig up an old topic lol but i did a search on australian stuff
My Scans Not many yet but working on it.
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
Of course the price tag was something way beyond my hands...