Catalog
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| Issuer | Royal Australian Mint |
|---|---|
| Year | 2013 |
| Type | Non-circulating coin |
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| Obverse description | Fourth crowned effigy of Queen Elizabeth II facing right, wearing the Girls of Great Britain and Ireland Tiara, as designed by Ian Rank-Broadley. The legend ELIZABETH II encircles the upper field, with AUSTRALIA 2013 and the denomination 1 DOLLAR positioned below, along with the designer's initials IRB truncated at the portrait's base. |
|---|---|
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| Reverse script | Latin |
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| Additional information |
In 1813, Governor Lachlan Macquarie solved the chronic coin shortage plaguing New South Wales by purchasing 40,000 Spanish colonial eight-reales and having a central disc punched from each — creating two coins from one. The outer ring became the Holey Dollar, valued at five shillings; the centre plug, the Dump, at fifteen pence. It was a blunt, practical solution, and it gave the colony its first locally distinctive currency.
The convict assigned to punch and counterstamp the originals was William Henshall, a silversmith transported for forgery — a detail the historical record seems almost too neat to have invented.