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Australian currency did not exist in 1830, we were using mostly British currency but, due to a shortage of British currency, we used anything we could get our hands on. Australia used coins from a variety of countries, modified in some fashion and with an agreed value within the colonies. One of the best known of these was the "Holey Dollar" and the "Dump". The Holey Dollar started out as Spanish Dollar with the centre punched out and both overstamped. The Spanish had carelessly left many of these laying around where any British warship could seize them. The Holey Dollar was worth 5 shillings when circulated in the Colonies and the Dump was worth 15 pence.

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16y ago

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