Monday, May 12, 2014

Holey Dollar and Dump - A History 1788 – 1822

Holey Dollar and Dump – A History 1788 – 1822
To overcome this shortage of coins, Governor Lachlan Macquarie took the initiative of using £10,000 in Spanish dollars sent by the British government to produce suitable coins in a similar manner to that described above. These coins to the value of 40,000 Spanish dollars came on 26 November 1812 on HMS Samarang from Madras, via the East India Company.
Governor Macquarie had a convicted forger named William Henshall cut the centres out of the coins and counter stamp them.The central plug (known as a dump) was valued at 15 pence (i.e., 1 shilling, 3 pence, or 1s 3d), and was restruck with a new design (a crown on the obverse, the denomination on the reverse), whilst the holey dollar received an overstamp around the hole (“New South Wales 1813″ on the obverse, “Five Shillings” on the reverse). This distinguished the coins as belonging to the colony of New South Wales, creating the first official currency produced specifically for circulation in NSW. The combined nominal value in NSW of the holey dollar and the dump was 6s 3d, or 25 percent more than the value of a Spanish dollar; this made it unprofitable to export the coins from the colony.
The project to convert the 40,000 Spanish coins took over a year to complete. Of the 40,000 Spanish dollars imported, 39,910 holey dollars and 39,910 dumps were made, with the balance assumed to have been spoiled during the conversion process. The converted coins went into circulation in 1814.
From 1822 the government began to recall the coins and replace them with sterling coinage. By the time the holey dollar was finally demonetised in 1829, most of the 40,000 coins in circulation had been exchanged for legal tender and melted down into bullion. Experts estimate that only 350 Holey dollars and 1500 dumps remain. The rarity of the Australian holey dollar ensures that even those in relatively poor condition are valuable. There are many stories of holey dollars being found in unusual circumstances.
- See more at:

Battle of the Coral Sea Silver 1/2 oz and Gold 1/10th oz

Battle of the Coral Sea Silver 1/2 oz and Gold 1/10th oz Bullion Rounds from Goldwire

These Limited Production 1/10 oz. Gold Bullion and a ½ oz. Silver Bullion Coins Honor Allied Forces Who Fought in the Battle of the Coral Sea.

Battle of the Coral Sea Silver 1/2 oz and Gold 1/10th oz Bullion

The Coral Sea bullion coins display a WWII battleship encircled by the words, “Battle of the Coral Sea War in the Pacific 1941-45.”
The gold coin contains one-tenth ounce .9999 fine gold and the silver coin contains one-half ounce .999 fine silver. 
These coins are Australian legal tender and, due to their purity, may be included in precious metals IRAs. The Perth Mint, the official mint of the Western Australian government, enjoys a reputation for innovation and superb quality.

Monday, May 5, 2014

Australia Silver: 2014 Great White Shark 1/2oz Silver Bullion Coin 50c Perth Mint

The 2014 Great White Shark coin comes in multiples of 25, each housed in a protective tube. Every purchase of 20 tubes (500 coins) comes in an additional ‘monster box’ free-of-charge.
Thanks to our volume discount, the tremendous value offered by a tube of Great White Shark coins gets even better when you purchase a full box. Also, bear in mind that this coin’s maximum mintage is only 300,000, ensuring it will soon become extremely scarce.


Product Code14V69AAX
Metal Content (Troy oz)0.500
Fineness (% purity)99.90
Minimum Gross Weight (g)15.591
Monetary Denomination (AUD)0.50
Maximum Diameter (mm)32.000
Maximum Thickness (mm)3.100