1813 Dump, struck with the rare D/2 dies and showing strong evidence of the original Spanish Dollar design.


1813-D2-Dump-Crown-side-July-2020
1813-D2-Dump-Fifteen-Pence-side-July-2020
1813 Dump, struck with the rare D/2 dies and showing strong evidence of the original Spanish Dollar design.
COIN
1813 Dump, struck with the rare D/2 dies and showing strong evidence of the original Spanish Dollar design.
QUALITY
Nearly Extremely Fine, supreme quality and exceedingly rare as such.
PROVENANCE
Osborne Collection sold by Noble Auctions July 1993. "All That Is Holey" Exhibition, Royal Australian Mint Canberra 2019.
PRICE
$80,000
COMMENTS
This 1813 Dump was a natural contender for inclusion in the “All That Is Holey” Exhibition, Royal Australian Mint Canberra in 2019. Struck from the very rare D/2 dies the coin, quality-wise, rests in the top five per cent of known D/2 examples. But it is the evidence of the original Spanish Dollar design retained on this Dump that was the clincher for its inclusion in the Exhibition. It is recognised that Australia's first Mint Master, William Henshall, applied heat during the coining process to obliterate the original Spanish Dollar design from the Dump. He majorly slipped up with this coin for there is extensive evidence of the design elements of the original Spanish Dollar, the lion and the castle and the cross bars of the shield. Also, the lower band of the crown resting above the shield. Traces of the Spanish Dollar design are rarely seen and highly prized. This Dump is an acknowledged industry showpiece and is available now.
STATUS
Available now
1813-D2-Dump-Fifteen-Pence-side-July-2020
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The names Ahbe, Jewell, Baldwin and Osborne are littered throughout Australia’s numismatic history for the high calibre coins that each collector had accumulated and owned.

The Osborne collection was liquidated by Noble Auctions in July 1993 offering an almost complete collection of Square Pennies, stunning Holey Dollar and three quality Dumps, top 1930 Penny, Adelaide Pound Type I and Type II and this coin was one of the Dumps.

The quality of this coin, at Nearly Extremely Fine, places it in the top five per cent of surviving D/2 Dumps. (One of the top ten D/2 examples.)

Over and above its supreme quality, this Dump shows considerable evidence of the design of the original Spanish Dollar from which it was created. (Referred to as the under-type.)

Historians acknowledge that heat was involved in the creation of the Dump. When the disc fell out of the centre of the Spanish Dollar, it still bore the original dollar design of a four quadrant shield, housing a lion and castle in each quadrant. And the shield's cross-bars.

High temperatures obliterated the original Spanish Dollar design from most examples. Those Dumps that retain the original dollar design elements are highly prized.

 

The Holey Dollar and its partner the Dump were struck in 1813 under the directions of Governor Lachlan Macquarie to create a medium of exchange in the cash-starved penal colony of New South Wales.

Macquarie enlisted the services of emancipated convict, William Henshall, to cut a hole in 40,000 Spanish Silver Dollars, creating two coins out of one: a donut shaped piece which became the Holey Dollar and a tiny central disc which became the Dump.

The Dump, the small disc that fell out of the centre of the holed silver dollar, was then over stamped with the date 1813, a crown, New South Wales and the value of fifteen pence.

The buyer that pursues a 'top-quality' Dump will find the task extremely challenging. It can be years before a premium quality example comes onto the market.

The Dump circulated widely in the colony, the extreme wear on most Dumps evidence that they saw considerable use. So, while the Dump may seem the diminutive partner of the Holey Dollar, the reality is top quality Dumps have authority.

The chart clearly shows that securing a Colonial Dump in a quality level of Good Very Fine or better is a difficult task.

The chart also shows that at a quality level of About Extremely Fine to Extremely Fine you are in 'rarefied air' with very few examples available.

1813-Dump-Chart-July-2020
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