2013 Holey Dollar and Dump 200th Anniversary 1oz Silver Proof Coin Set

$160.00
12759
Out-of-stock

Description

As the first coins struck in New South Wales, the Holey Dollar and Dump hold an unequalled place in Australian numismatic history. In the early 1800s the colony had moved on from being a mere penal outpost and was fast developing into a well-established settlement, however, there was still no local currency.

Coinage was in such short supply that barter, particularly rum, and promissory notes had become the principal means of exchange. Promissory notes were privately issued by colonists on specially printed forms, but all too often were used fraudulently. Seeking an immediate remedy to the situation, Governor Macquarie authorised the issue of the colony’s own currency.
In 1813, he had the centres punched out from 40,000 Spanish dollars that the British Government had purchased in Madras through the East India Company. The outer ring (Holey Dollar) and centre (Dump) were counter-stamped with the name of the colony and their new monetary values, five shillings and fifteen pence, respectively.
The coins provided a vital short-term solution to the colony’s currency crisis and remained in official circulation until 1829 when they were demonetised.

To celebrate the 200th anniversary of the Australian Holey Dollar and Dump, The Perth Mint is releasing a commemorative two-coin set,

No more than 4,000 sets will be released worldwide.

The reverse of the Holey Dollar replicates the original dollar, including the outer inscription,
DEI GRATIA 1788 CAROLUS III, with the inner rim inscription reading NEW SOUTH WALES 1813.

The reverse of the Dump replicates the original dump, depicting a crown and the inscription NSW 1813.

Each coin is presented in a display case with illustrated shipper and numbered Certificate of Authenticity.

Features

General Product Features

Year:
2013
Country:
Australia

Coin Features

Issuer:
Perth Mint
Mintage:
4000
Metal:
Silver
Metal Weight:
1oz