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1 Dollar - Elizabeth II 1813 Holey Dollar
| Issuer | Government of the Cook Islands |
|---|---|
| Year | 2005 |
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| Technique | Proof |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
| Obverse lettering | ELIZABETH II COOK ISLANDS · ONE DOLLAR 2005 · |
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| Additional information |
The original 1813 Holey Dollar was Australia's first distinct currency — Governor Lachlan Macquarie solved a coin shortage in New South Wales by importing Spanish dollars and having a disc punched from each centre, creating two coins from one. The outer ring became the Holey Dollar; the punch-out became the Dump. Cook Islands commemorated this episode nearly two centuries later, embedding an actual replica of that punched-centre form into the design conceit.
The KM# 1025 is part of a broader wave of Pacific island legal-tender issues that used novel formats to attract collector premiums rather than circulate.