2013 Holey Dollar and Dump $1 PNC

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PNC - Philatelic Numismatic Cover (Stamp and Coin Cover)

The original Holey Dollar and Dump were created as a solution to the shortage of
coinage in the colony in the early 1800’s. Governor Macquarie authorized the issue of the colony’s own currency by punching the centres out of 40,000 Spanish Dollars. The pieces were then counter stamped with the outer ring having a value of five shillings and the centre having a value of 15 pence.