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There were no official Australian Coins issued until 1910. In 1813, Australia was a largely unexplored group of colonies under the jurisdiction of the British Government. The coins in use were mostly British Coins, but due to the problems confronting Britain due to years of war, British currency was scarce and they had to improvise. The Australian colonies were a very low priority, being regarded as little more than an outdoor prison. Coins from many foreign countries were used and were known as Proclamation coins. Many of these coins were overstamped or otherwise altered and given new local values. The "Holey Dollar" is an example of the coins used during this period. The centre of Spanish Dollars were punched out, the outer part was valued at Five Shillings, the dump or the centre was valued at 15 Pence.

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15y ago

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