Search the collections
Coin - Holey Dollar (5 Shillings), New South Wales, Australia, 1813 Reg. No: NU 3264
- Australia New South Wales Sydney
Holey Dollar, 1813
Struck from an 8 Real piece from the mint at Potosi dated 1783 with the counterstamp dies combination II/B
In 1813 Governor Lachlan Macquarie overcame an acute shortage of currency by arranging for the purchase of Spanish silver dollars, having the centres punched out and therein creating two new coins - the 'Holey Dollar' (valued at five shillings) and the 'Dump' (valued at one shilling and three pence). This doubled the number of coins in circulation and increased their total worth by 25 per cent. The work was carried out by William Hanshall, a convict transported for forgery.
- A ring shaped silver coin (40 mm diameter) manufactured by cutting a circular 'dump' from the centre of a Potosi mint 8 real piece of 1783 and counterstamping the words NEW SOUTH WALES 1813 around the central hole on one side (the obverse) and the words FIVE SHILLINGS on the other (the reverse) together with a spray of leaves with the engraver's initial H at the centre.
Around the rim of the obverse of the original coin CAROLUS . III . DEI . GRATIA . 1783 . ; the host coin featured a laureate bust of Charles III (mostly removed with the central 'dump') facing right. Around the rim of the reverse of the original coin (monogram) . 8R . P . R. HISPAN . ET IND . REX . ; and featuring a crowned shield between pillars. Most of the shield has been removed by the holing for the 'dump' and the counterstamping.
- Acquisition Information:
- Transfer from National Gallery of Victoria (NGV), 1976
|Dimensions:||39 mm (Diameter)|
|Weight:||20.981 g (Weight)|
|Tagged with:||economics, european settlement of australia, holey dollars|
|Themes this item is part of:||Numismatics & Philately Collection|
|Secondary Classification:||Australia - New South Wales|
|Tertiary Classification:||working strikes|
|Denomination:||Holey Dollar (5 Shillings)|
|Obverse Description:||A ring shaped silver coin manufactured by cutting a circular 'dump' from the centre of a Potosi mint 8 real piece of 1783 and counterstamping the words, NEW SOUTH WALES 1813 around the central hole. Around the rim of the host coin, CAROLUS . III . DEI . GRATIA . 1783 . ; the host coin featured a laureate bust of Charles III facing right, mostly removed by the holing and counterstamping.|
|Reverse Description:||Around the central hole cut in the host coin, FIVE SHILLINGS together with a spray of leaves without the engraver's initial H at the centre. Around the rim of the host coin, (Potosi monogram) . 8R . P . R. HISPAN . ET IND . REX . and featuring a crowned shield between pillars. Most of the shield has been removed by the holing and counterstamping.|
|Edge Description:||Circle & rectangle pattern|
|Inscriptions:||Obverse: NEW SOUTH WALES 1813 CAROLUS III DEI GRATIA 1783
Reverse: FIVE SHILLINGS 8R . P . R. HISPAN . ET IND . REX .
|Issued By:||New South Wales, Australia|
|Mint:||Potosi (Mint), 1783|
Mira Noble No. 1783/2 Dies II/B