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5 Shillings - George III "Holey Dollar" New South Wales Colony

5 Shillings - George III "Holey Dollar" (New South Wales Colony) -  obverse 5 Shillings - George III "Holey Dollar" (New South Wales Colony) -  reverse

© Museum Victoria

Features

Country Australia - Colonial
Type Standard circulation coin
Year 1813
Value 5 Shillings (1/4)
Composition Silver (.903)
Weight 21.035 g
Diameter 39 mm
Shape Round with a hole
Orientation Coin alignment ↑↓
Demonetized 1829
References KM# 2.1, 2.3, 2.5, 2.6, 2.7, 2.9, 2.10, 2.11, 2.13, 2.14, 2.15,
Standard Catalog of World Coins
by George S. Cuhaj
(Krause Publications)

Obverse

A ring shaped silver coin manufactured by cutting a circular 'dump' from the centre of a Lima mint 8 real piece of 1806 and counterstamping the words, NEW SOUTH WALES 1813 around the central hole. Around the rim of the host coin, CAROLUS . IIII . DEI . GRATIA . 1806. ; the host coin featured a laureate bust of Charles IIII facing right, mostly removed by the holing and counterstriking

Lettering:
NEW SOUTH WALES
1813

Reverse

Around the central hole cut in the host coin, FIVE SHILLINGS together with a spray of leaves with the engraver's initial H at the centre. Around the rim of the host coin (Lima monogram). 8R . J . P. HISPAN . ET IND . REX . ; and featuring a crowned shield between pillars. Most of the shield has been removed by the holing and counterstamping

Lettering: FIVE SHILLINGS

Edge

Circle & rectangle pattern

Comments

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.

See also

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Year Mintage G VG F VF XF AU UNC
1813  Counterstamp on Bolivia, Potosi 8 Reales, KM#55
1813  Counterstamp on holed Bolivia, Potosi 8 Reales, KM#73
1813  Counterstamp on holed Mexico City 8 Reales, KM#104
1813  Counterstamp on holed Mexico City 8 Reales, KM#106
1813  Counterstamp on holed Mexico City 8 Reales, KM#107
1813  Counterstamp on holed Mexico City 8 Reales, KM#109
1813  Counterstamp on holed Mexico City 8 Reales, KM#110
1813  Counterstamp on holed Peru, Lima 8 Reales, KM#106.2
1813  Counterstamp on holed Peru, Lima 8 Reales, KM#78
1813  Counterstamp on holed Peru, Lima 8 Reales, KM#97
1813  Counterstamp on holed Spain, Madrid 8 Reales, C#71.1
1813  Counterstamp on holed Spain, Seville 8 Reales, C#71.2

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Numista Rarity index: 91 Search tips
This index is based on the data of Numista members collections. It ranges from 0 to 100, 0 meaning a very common coin and 100 meaning a rare coin among Numista members.

Bullion value: 10.97 USD Search tips
This value is given for information purpose only. It is based on a price of silver at 578 USD/kg. Numista does not buy or sell coins or metal.

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5 Shillings - George III "Holey Dollar" (New South Wales Colony)