An 1813 Dump with impeccable credentials


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An 1813 Dump with impeccable credentials
COIN
An 1813 Dump with impeccable credentials
QUALITY
About Very Fine
PROVENANCE
Formerly owned by Philip Spalding and photographed and recorded in Spalding's book, 'The World of the Holey Dollar', page 247. Exhibited at the "Holey Dollar - A Symbol of Innovation", Macquarie Bank 1 Martin Place Sydney 2 October to 18 October 2013. Exhibited again at the "All That Is Holey" Exhibition, Royal Australian Mint Canberra 16 August to 3 November 2019.
PRICE
$35,000
COMMENTS
This 1813 Dump comes with impeccable credentials. It is an inordinately rare example of the nation’s first fifteen pence. Struck from a die combination that historians refer to as obverse die ‘C’ and reverse die ‘4’, eight examples are known. Over and above its rarity, the quality of this coin is absolutely supreme. Unequivocally it is one of the finest of the C/4 Dumps. The buyer will note that this Dump also comes with a revered provenance having been owned by the legendary Philip Spalding and is recorded in his book, 'The World of the Holey Dollar'. The provenance also reflects that this coin has been exhibited twice over the past few years. In 2013, at the Macquarie Bank, 1 Martin Place Sydney. And in 2019 at the Royal Australian Mint, Denison Street Canberra.
STATUS
Sold October 2020
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Extremely rare and superior quality C/4 Dump

The industry acknowledges that there are about eight hundred 1813 Dumps available to collectors. Within that collector pool, the Dump appears in four distinctly different styles (or die combinations).

The four styles have been classified by authors Mira and Noble as the type A/1, D/2, E/3 and C/4.

The different styles on the obverse are reflected in the shape of the cross on the crown, the position of this cross in relation to the letters in the legend above it. And in the positioning of the row of jewels (or pearls) in the crown. On the reverse, differences are found in the distances between the words 'FIFTEEN' and 'PENCE' and in the position of the 'T' in 'FIFTEEN' in relation to the 'N' in 'PENCE'.

The rarest of the four dies is the C/4 with only eight known out of the total pool of 800 Dumps.

Six C/4 Dumps have been identified at auction. Add the two examples that are privately held, of which this coin is one, (and that have never appeared at auction) and you have a total of eight coins.

This Dump is graded About Very Fine. And this is the highest grading level for the C/4 Dump. (Only one other C/4 Dump exists at this quality level.) Take out these two coins and the remaining six examples are all well circulated and aesthetically challenging.

The C/4 dies produced coins that were very crude and the suggestion is that they may have been test pieces presented to Governor Macquarie before production began.

Many of the C/4 Dumps have surface cracks and splits supporting the theory that they were used for trials while the correct striking pressure and planchet temperatures were being worked out. There are also some suggestions that they may have been contemporary forgeries.

Irrespective, the C/4 Dumps are extremely rare and an essential part of the 'Dump' story.

YES, I AM INTERESTED IN THIS C/4 DUMP


THE STORY OF AUSTRALIA'S 1813 DUMP
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Type C/4 Dump. Obverse Die C.
The dies show extensive re-cutting and poor engraving in both the legend and the crown. The top of the cross points between the 'T & H' of 'SOUTH' in the legend. The crown is enlarged and the 'N' in New and 'S' in 'SOUTH' have been dropped to a lower level. The '3' in '1813' is upright.

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Type C/4 Dump. Reverse Die 4.
The upright stroke of 'P' is to the right of the upright stroke of 'F'. The 'T' is well to the left of 'N'. The 'FIFTEEN' and 'PENCE' are 4mm apart.


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