Holey dollar is the name given to coins used in the early history of two British settlements: Prince Edward Island (now part of Canada) and New South Wales (now part of Australia). The middle was punched out of Spanish dollars, creating two parts: a small coin, known as a “dump” in Australia, and a “holey dollar”. This coin was one of the first coins struck in Australia. It was manufactured in Australia by one William Henshall, a convict transported from England to Australia for the crime of … wait for it! … forgery.
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