This Holey Dollar was struck circa 1811 on an 1802 Mexico Mint Spanish Silver Dollar and is counter stamped on the King’s head with an ‘S over XII’ within a shaped indent. The Holey Dollar took on a monetary value of 12 bitts.
In the 18th and 19th centuries, the Spanish Silver Dollar was a universally accepted coin. And a universally adapted coin.
It was the piece that Governor Lachlan Macquarie turned to for his Holey Dollars and Dumps, the very first coins struck on Australian soil.
It was a process that other British colonies also took up when they needed to supplement their currency, including the Caribbean island of St Vincent.
This extremely rare St Vincent Holey Dollar re-affirms the versatility and adaptability of the Spanish Silver Dollar in augmenting currencies the world over.