Rare NSW colonial ‘holey dollar’ coin worth over $220,000

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A more than 200-year-old rare New South Wales coin originally worth five shillings (about 50 cents) is expected to fetch more than $225,000 at an auction later this month.

The currency that predates federation by nearly 90 years is famous for being a makeshift version of a Spanish coin.

The NSW Governor at the time, Lachlan Macquarie, urgently needed currency for the new settlement so he ordered thousands of silver Spanish coins to have the middle stamped out.

This allowed two coins to be made out of each.The coins are now known as “holey dollars” with their centres, “dumps”, being extremely valuable to collectors and investors.

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