Historians and numismatists have engaged in solid discussions for decades about the use of the term ‘Proclamation’ and its application to foreign coins that circulated in the colony of New South Wales.
Should it be applied to only those coins listed by Governor King in the Proclamation of 1800? Or should it include the myriad of other foreign coins that circulated in the colony and that appeared in early records: Government Orders and newspapers?
Discussions aside, this two reales was struck in Peru in 1774 and features the legend of Carolus III. That it has been counter stamped ‘T Knight’ is proof that the coin circulated in the colony of New South Wales and is indeed a coin from the Proclamation era.
To add further to its historical nuance – it is unique.
The counter-stamp ‘T Knight’ on Australia’s colonial coins has intrigued historians for more than a century and has its own very passionate collector following.
While little is known about the mysterious T Knight, the fact that five of the 300 surviving Holey Dollars are counter stamped with T Knight leads us to say that whoever or whatever T Knight did, he/she must have been a relatively prominent force in the colony.