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15 Pence - George III - Dump New South Wales Colony

Issuer Colonial Government of New South Wales
Year 1813
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Weight 5.619 g
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Obverse script Latin
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Reverse description The reverse field is plain and unadorned, bearing the denomination inscription arranged in two horizontal lines across the centre of the coin: FIFTEEN above, and PENCE below, both in widely spaced, boldly struck serif capital letters. The spacing between individual letters is notably generous, a diagnostic characteristic that varies across the known die varieties (KM#1.1 through KM#1.4) and serves as the primary means of distinguishing between them. The field surrounding the lettering is smooth and featureless, and the coin is enclosed within the same milled denticle border as the obverse.
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Additional information

Governor Lachlan Macquarie solved the colony's chronic coin shortage in 1813 by having Spanish colonial eight-reales pieces holed — the punched-out centres became these "dumps," each counterstamped and given a local value exceeding their silver content to discourage export. The scheme was executed by convict silversmith William Henshall, the only qualified metalworker available for the job.

The four KM references reflect known variations in the counterstamp punches used across the run of approximately 40,000 pairs produced.

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