I was watching a recent documentary about something random, and it was stated that many colonists would actually sew their coins into their clothes. This way the coins were hidden in case they were robbed or examined by military officers at the time. Additionally, they would have money available in the case of an emergency as they traveled the lands. So now I've heard two different theories. Necklace type of usage, and sewed into clothes. Does anyone have any further knowledge of holed coins? Are either of these scenarios more likely? Or is there yet more reasons coins were holed that I haven't heard yet?