Canada: Prince Edward Island. British Colony "Holey Dollar" of 5 Shillings ND (1813) Fine Details (Cleaned) NGC,...
(click for full-size image)
|
|
|
|
|
Prince Edward Island. British Colony "Holey Dollar" of 5 Shillings ND (1813) Fine Details (Cleaned) NGC, KM2.1, Faulkner-C.28 (this coin). Weight: 21.24gm. Aperture: 15.73-15.93mm. Hole is through Mexico: Charles III 8 Reales 1779 Mo-FF, Mexico City mint, KM106.2. Born from the need to address the chronic shortage of circulating coinage in New South Wales, this distinctive type bears the iconic central perforation that ultimately gave the "Holey Dollar" its enduring nickname. This is the very coin pictured in the Faulkner reference book, featured under "Sunshine Dollar" header. Accompanied by ICC COA #QQ253 and Faulkner reference book. The origin of the "Holey Dollar", as it is now commonly referred to, lies in the chronic coinage shortages faced by the relatively new colony of New South Wales, Australia. As much of the foreign coinage used by the colony had been drained through the effects of trade, the ruling authorities struggled to find a new solution to maintain the viability of any sort of functioning monetary system. Various means were attempted without success, but eventually the solution that was arrived at came in the form of the colony's acquisition of a sizeable quantity of Spanish "Dollars", or 8 Reales. With these they punched the centers out, countermarking both the plug and the remained holed pieces with their own respective denominations, 15 Pence for the plugs and 5 Shillings for the larger pieces. This solution not only provided the colony with its own money, alleviating previous shortages, but assured that this unique type would no longer be exported abroad as easily as before. HID07901242017 www.HA.com/TexasAuctioneerLicenseNotice
|
Enter the message you would like to email to this Dealer
(click for full-size image)
(click for full-size image)
(click for full-size image)
(click for full-size image)
|
|