Silver 8 reales counterstamped as 5 shillings3D ModelNoAI
“New South Wales, Australia, AD 1813 Originally minted in Lima, Peru, 1806
A recycled coin from an early settlement
Port Jackson in New South Wales, founded in 1788, was the first British settlement on the Australian continent. […] Some coins arrived in the colony as a result of ships trading goods in the area, but with the stock of coins low, the British government found it necessary to send supplies of Spanish coins to the colony. […] in some British colonies in the West Indies, the coins were identified as official currency by having a hole cut into their centre. A legend around the edge of the hole showed the value of the coin and the place where it circulated. This particular example circulated with a value of five shillings (sixty pence), while the disc, or ‘dump’, cut from the centre was itself worth fifteen pence.
P. Spalding, The world of the Holey dollar (Santa Barbara, CA, 1973)” - http://www.britishmuseum.org/explore/highlights/highlight_objects/cm/s/silver_8_reales_counterstamped.aspx
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