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<p>[QUOTE="sonlarson, post: 2127063, member: 15488"]As promised. This has to be the most awesome World Silver coin I have ever purchase. It is totally unique and I am proud to own it. But first, a little history.</p><p><br /></p><p>Australia was colonized in the early 1800s as a penal colony for the British. Since the only planned inhabitants would be prisoners and their guards there did not seem to be any need for money. Rum became a medium for exchange for buying goods from merchant ships. Fun, but not something that was saved for a rainy day. In 1813 a newly appointed Governor by the name of Lachlan Macquairie came up with the idea of punching holes in the center of Spanish 8 Reales coins. Thereby creating two new coins from one.The outer ring, called the "Holey Dollar" was valued at five Shillings and the center piece, called the "Dump" was valued at 15 Pence. These became the first Australian coins. The dump was widely circulated but most of the dollars ended up in England where most were melted. Only 280 are known to exist today and are extremely valuable.</p><p><br /></p><p>Now we get to the coin I am about to present. This is a 1988 Proof Commemorative issue of the Holey Dollar and the Dump. The dollar is one ounce of .999 Silver and the Dump is 1/4 ounce of .999 silver. The set has a mintage of 1,000. It comes in a case which is in a booklet form. The coins are removable from the housing.They have a thin pliable film-like covering which I am sure is full of PVC, which explains the discoloration on the coins. I plan to remove and store the coins in AirTites after giving them a brief Acetone bath. The Dump would probably fit in the hole of the Holey Dollar, but these are proof coins and I don't plan on trying.</p><p><br /></p><p>Enjoy[ATTACH=full]404291[/ATTACH]</p><p><br /></p><p>As they appear in the case</p><p>[ATTACH=full]404292[/ATTACH]</p><p><br /></p><p>A little photoshopping to show the Dump in the center of the dollar</p><p>[ATTACH=full]404293[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="sonlarson, post: 2127063, member: 15488"]As promised. This has to be the most awesome World Silver coin I have ever purchase. It is totally unique and I am proud to own it. But first, a little history. Australia was colonized in the early 1800s as a penal colony for the British. Since the only planned inhabitants would be prisoners and their guards there did not seem to be any need for money. Rum became a medium for exchange for buying goods from merchant ships. Fun, but not something that was saved for a rainy day. In 1813 a newly appointed Governor by the name of Lachlan Macquairie came up with the idea of punching holes in the center of Spanish 8 Reales coins. Thereby creating two new coins from one.The outer ring, called the "Holey Dollar" was valued at five Shillings and the center piece, called the "Dump" was valued at 15 Pence. These became the first Australian coins. The dump was widely circulated but most of the dollars ended up in England where most were melted. Only 280 are known to exist today and are extremely valuable. Now we get to the coin I am about to present. This is a 1988 Proof Commemorative issue of the Holey Dollar and the Dump. The dollar is one ounce of .999 Silver and the Dump is 1/4 ounce of .999 silver. The set has a mintage of 1,000. It comes in a case which is in a booklet form. The coins are removable from the housing.They have a thin pliable film-like covering which I am sure is full of PVC, which explains the discoloration on the coins. I plan to remove and store the coins in AirTites after giving them a brief Acetone bath. The Dump would probably fit in the hole of the Holey Dollar, but these are proof coins and I don't plan on trying. Enjoy[ATTACH=full]404291[/ATTACH] As they appear in the case [ATTACH=full]404292[/ATTACH] A little photoshopping to show the Dump in the center of the dollar [ATTACH=full]404293[/ATTACH][/QUOTE]
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