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1 Dollar - Elizabeth II Lachlan Macquarie
| Issuer | Cook Islands |
|---|---|
| Year | 2016 |
| Type | Non-circulating coin |
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|---|---|
| Obverse script | Latin |
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| Reverse description | The reverse depicts a uniformed bust of Governor Lachlan Macquarie facing three-quarters right, occupying the left portion of the field. To his right, two historically faithful representations of Australia's earliest currency are shown: the smaller Dump coin above, bearing a crown and the legend NEW SOUTH WALES 1813, and the larger Holey Dollar below, a centre-pierced ring coin with the legend VTRAQUE VNUM and NEW SOUTH WALES 1813 around a central void, with the date 1797 and the mintmark M visible in the lower field. The curved top legend reads LACHLAN MACQUARIE - HOLEY DOLLAR. The entire composition commemorates the historic 1813 currency reform initiated by Governor Macquarie in New South Wales. |
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| Additional information |
Lachlan Macquarie served as Governor of New South Wales from 1810 to 1821 and is directly responsible for the first currency manufactured in Australia — he authorized the holing of Spanish dollars to create the "holey dollar" and the central plug known as the "dump" in 1813, a practical solution to a chronic coin shortage in the colony. That monetary episode made him a recurring subject for Pacific and Australian commemorative issues.