AUSTRALIA 1989 Fine Silver 1.25oz. Proof Set 'Holey Dollar & Dump'

Description: AUSTRALIA 1989 Fine Silver Proof Set 'Holey Dollar & Dump' The 1989 Holey Dollar & Dump, Commemorative Silver proof Issue. Minted in .999 Silver, the Holey contains 1oz of fine silver, the Dump contains 1/4oz Silver, as Issued by The Australia's Mint. The story of THE ORIGINAL 'HOLEY DOLLAR AND DUMP' From the earliest days of European settlement in Australia Cash had been in short supply in the colony since the arrival of the First Fleet, when the ships brought only £300 in currency to Australia’s shores. The authorities did not foresee any need for money when the only European inhabitants would be prisoners and their guards - all provided for from government stores. So the resourceful Governor came up with a solution, he bought 40,000 spanish silver eight reales coins - known as 'pieces of eight; which were then in common use as an international trading dollar. To distinguish them as Australian, the centres were punched out of the coin, creating two new coins from each original. The outer ring was given a value of five shillings and came to be known as the 'Holey Dollar'. The centre piece, called the 'Dump', had a face value of 15 pence. Problem solved. The Holey Dollar and Dump solved the colony's immediate coin shortage problem. The Dump was widely circulated, but the Holey Dollars were too valuable to be used as common coinage and most ended up in England, where they were melted down. Today, only 280 are know to exist in the world and are very valuable. This is not a photo of the actual item. The photos are meant to be an indication of the product you will receive. As is typical of this series, this product might have light toning and/or a lightly worn outer cardboard sleeve. I am happy to combine items to save you on shipping costs. Please wait for my invoice before submitting your payment. Also, I am happy to wait for a payment for couple of weeks, in case you are watching some of my other auctions. Import duties, taxes, and charges are NOT INCLUDED in the item price or shipping charges. These charges are the buyer's responsibility. Please check with your country's customs office to determine what these additional costs will be prior to bidding / buying. These charges are normally collected by the delivering freight (shipping) company or when you pick the item up - do not confuse them for additional shipping charges. We do not mark merchandise values below value or mark items as "gifts" - US and International government regulations prohibit such behavior

Price: 69.99 USD

Location: Vancouver, British Columbia

End Time: 2024-12-20T22:02:23.000Z

Shipping Cost: 6.99 USD