The 2003 54.3g Holey Dollar and the Dump Silver Proof Coin is a magnificent tribute to one of Australia's earliest and most intriguing forms of currency. This coin set, issued by the Royal Australian Mint, celebrates the ingenuity of Governor Lachlan Macquarie in 1813 to alleviate the colony's coin shortage.
Key Features:
- Composition: The set contains 54.3 grams of 99.9% pure silver.
- Holey Dollar: The outer ring features the Queen Elizabeth II effigy by Ian Rank-Broadley and the inscription of the year and denomination.
- Dump: The inner circle also carries the effigy of Queen Elizabeth II and features intricate details that reflect the historic design.
- Finish: Proof quality, ensuring a mirror-like finish that highlights the fine details.
- Diameter: The entire coin, including both the Holey Dollar and the Dump, measures 50 mm in diameter.
- Mintage: Limited edition with only 14,203 sets produced, making it a highly collectible item.
- Packaging: Presented in a distinctive case that echoes the period's theme, along with a 12-page historical booklet and a certificate of authenticity.
Historical Significance:
The Holey Dollar and Dump were originally created by punching the centers out of Spanish dollars and stamping the resulting pieces with new denominations. This innovative solution was crucial for the economic stability of the fledgling colony and remains a significant part of Australia's numismatic history.