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<p>[QUOTE=&quot;Shangas, post: 501076, member: 360&quot;]The Piece of Eight was Australia&#039;s first official currency, so it&#039;s not too hard to imagine. Hundreds of thousands of them were shipped over in the early 1800s.</p><p><br /></p><p>Almost all of them were punched, stamped and re-marked for use in the Australian colonies back in the 1810s. Then in the 30s I think it was, the system was abolished. Left over coins were either hoarded away as souvenirs and keepsakes, or else, were simply melted down for the silver scrap. the silver melt was then sent back to England where it was remade into shillings, pence and crowns...and then shipped all the way back to Australia again!</p><p><br /></p><p>Today, the Australian &quot;Holey Dollar&quot; (Piece of Eight with a hole punched in it) is EXTREMELY rare. Only 300 are known to exist. Last year, one of them sold for something like $300,000. And another one for $500,000.</p><p><br /></p><p>Holey Dollar and &#039;Dump&#039; (silver that was punched out of the coin) together: </p><p><br /></p><p><img src="https://static.macquarie.com/dafiles/Internet/mgl/global/shared/sf/images/Company-profile/holey-dollar-xl.jpg?v=5" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> </p><p><br /></p><p>The dollar itself is rare enough. The dumps (the smaller coins made from the bigger coins) are rarer still. I think less than 100 of those exist today.[/QUOTE]</p><p><br /></p>

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