Lot 878
Australia. New South Wales. 5 Shillings "Holey Dollar," 1813. KM-2.13; Dav-401. Counterstamp with reeded border, over holed center: Obverse - NEW SOUTH WALES, 1813; Reverse - FIVE + SHILLINGS, wreath at bottom. Host coin: Peru. 8 Reales, 1805-LIMAE-J-P. (Lima). Eliz-69; KM-117.1. Charles IV, 1788-1808. Cuirassed, laureate, bust of Charles IV right. Reverse: Crowned arms between pillars. Hole and counterstamp a little off center, but full, clean strike. Host reales now scyphate. Pleasing old collection toning. Extremely Rare and important! NGC graded EF-45.
When the colony of New South Wales was founded in Australia in 1788, it ran into the problem of a lack of coinage. Governor Lachlan Macquarie took the initiative of using £10,000 in Spanish dollars sent by the British government to produce suitable coins. The centers were punched out and these coins were accepted as the coin of the realm. The Spanish American 8 Reales arrived in 1812 and were then cut to produce the "Holey" Dollars. These emergency coins were used until 1822 and were then replaced by sufficient British sterling coinage.
Estimated Value $70,000 - 80,000.
Ex: J.S. Jenks Coll.; H. Chapman Sale, Philadelphia (12-7-21), lot 5293; Marlier Coll.; W. Woodside (USA, in 1937/8); Foley Coll. (USA); Illustrated in Money of The World, coin 135.
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| Realized $138,000 |
