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Trade Dollar Struck with 10 Cent Blanking Dies; Struck on a Type 1 Blank w/ Edge Reeding
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<p>[QUOTE="Conder101, post: 3910036, member: 66"]Australia early 1800's, they had a shortage of coinage so inorder to increase the number of coins, and to help keep them form being exported they took Spanish dollars and punched a "piece" out of the center of them. The larger piece was struck with a die to put an inscription around the hole valuing them at five shillings. This was the holey dollar. The piece punch out was also over struck to create a second coin with a value of 15 pence. This was referred to as a Dump. The combined value of the two pieces was now 6 shillings 3 pence, while the original dollar was 4 shillings 9 pence. The new overvaluation was intended to make them worth more localy than they would be if exported. Since the Dump was not struck in a collar it would still show the shear lines on the edge from bing punched out just like the OP</p><p>coin" does.</p><p><br /></p><p><img src="https://cdn.newsapi.com.au/image/v1/9066bea47c0200dfdb1390a61d02962e?width=1024" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 3910036, member: 66"]Australia early 1800's, they had a shortage of coinage so inorder to increase the number of coins, and to help keep them form being exported they took Spanish dollars and punched a "piece" out of the center of them. The larger piece was struck with a die to put an inscription around the hole valuing them at five shillings. This was the holey dollar. The piece punch out was also over struck to create a second coin with a value of 15 pence. This was referred to as a Dump. The combined value of the two pieces was now 6 shillings 3 pence, while the original dollar was 4 shillings 9 pence. The new overvaluation was intended to make them worth more localy than they would be if exported. Since the Dump was not struck in a collar it would still show the shear lines on the edge from bing punched out just like the OP coin" does. [IMG]https://cdn.newsapi.com.au/image/v1/9066bea47c0200dfdb1390a61d02962e?width=1024[/IMG][/QUOTE]
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Trade Dollar Struck with 10 Cent Blanking Dies; Struck on a Type 1 Blank w/ Edge Reeding
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