numismatics

12 photos and 2 illustrations tagged numismatics, from 3 members of Flickr Commons.

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2013
2026

 

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Holey Dollar, New South Wales, minted 1813, from Spanish silver dollar minted in 1798

  • 1 older comment, and then…
  • astrogirl969 said:
    why were NSW coins minted from a spanish dollar?
  • State Library of New South Wales said:
    In the early years of settlement there was a shortage of coins in circulation and it was hard to keep them in the colony as they were used as payments for goods from visiting ships. This solution was to import a large number of Spanish silver coins and cut a hole in the centre then re-stamp them in New South Wales with different values - this picture is of the outside (the holey dollar) the circle cut from the centre was called a dump. and was of a lower value and was also re-stamped.