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Of the Holey Dollars that are available to collectors, the chart below indicates the percentage of Holey Dollars found at each quality level. It is noted that most Holey Dollars are today found well-worn with many looking like a tap washer. That and the extensive use of the dollar as an international trading coin meant that most of the coins imported by Macquarie were well worn. When William Henshall holed the Spanish Silver Dollar, he created two pieces out of one, a donut shaped piece which became the Holey Dollar and a tiny central disc which became the Dump.
The Dump circulated widely in the colony, the extreme wear on most Dumps evidence that they saw considerable use. So, while the Dump may seem the diminutive partner of the Holey Dollar, the reality is top quality Dumps have authority. It can also be acquired as a stand-alone investment piece for high quality Dumps are particularly scarce.
Or an Dump may be bought to partner its five shillings counterpart, the Holey Dollar. If the coin is going to be held in partnership with a Holey Dollar, then our suggestion would always be to observe the aesthetics and within reason marry the quality levels.
While the Holey Dollar offers options for collectors of the mint, monarch and the date, the Dump also offers options. There is a suggestion that they may have been test pieces presented to Macquarie before production began. Or contemporary forgeries. They are extremely rare. Every circulated coin has a grading level at which extreme rarity kicks in. That is the point at which the balance between acquiring a coin as a collectible - and as an investment - shifts more towards the latter.
The chart below clearly shows that Good very Fine gVF is the point at which extreme rarity kicks in for the Dump. The Adelaide Pound. The discovery of gold in the s is one of the most extraordinary chapters in Australian history, transforming the economy. And transforming our society for it marked the beginnings of a modern multi-cultural Australia instigated by mass migration, particularly from China.
Several coins were spawned by the Gold Rush, including our first gold coin, the Adelaide Pound. And eventually strike gold coins. The Bullion Act No 1 of has a record unique in Australian history. A special session of Parliament was convened to consider it. Parliament met at noon on the 28 January The Bill was read and promptly passed three readings and was then forwarded to the Lieutenant Governor and immediately received his assent.
It was one of the quickest pieces of legislation on record, with the whole proceedings taking less than two hours. Thirteen days after the passing of the Act, on 10 February , the Government Assay office was opened. Its activities were supported by a state government initiative to provide armed escorts to bring back the gold from the Victorian diggings. The Assay Office was effectively Australia's first mint, be it unofficial. Its sole purpose was to assay gold nuggets brought from the Victorian goldfields and to re-shape them into ingots.
No minting expertise was required in the casting of the ingots. Within a week of opening, gold Adelaide Pounds had been delivered to the South Australian Banking Company, of which were sent to London. Photo shown above. Perfection in gold. Suddenly precision was required. The design was intricate, created by colonial die sinker and engraver, Joshua Payne. So, it was always going to be a tough ask for a factory to start churning out currency to a defined weight and design.
By the time the legislative amendments were passed to enact the production of gold coins, the Act had less than three months to run. As a consequence, only a small number of Adelaide Pounds were struck and very few actually circulated. When it was discovered that the intrinsic value of the gold contained in each piece exceeded its nominal value, the vast majority were promptly exported to London and melted down.
The Adelaide Pound was as unofficial as you could get but it saved the colony of South Australia from bankruptcy. A simple case where the end justified the means. Collectors have options when it comes to acquiring a Holey Dollar, they being the mint and monarch of the original Spanish Dollar.
But, collectors also have options when it comes to the Adelaide Pound. Indeed, collectors have two options:. So how do we identify coins from the first and second production run? The coins have different reverse designs. Coins from the first production run have a beaded inner circle surrounding the value of one pound. Coins from the second production run have a crenelated inner circle. The obverse depicting the crown and the legend Government Assay Office Adelaide is however common to both.
But there is another very obvious difference between the two types of Adelaide Pounds. The Type I clearly evidences the disaster that occurred in the very first production run of the Adelaide Pound. The difference creates an enormous price disparity. A Type I would become available every few years. Historians have established that disaster did indeed strike during the early stages of the minting of the Adelaide Pound. The reverse die cracked due to the pressure applied to the edges.
There was an upside to this disaster for the coins out of the first run have almost perfect edges, beautiful strong denticles, akin to a picture frame. As with any decision, there is often a downside for the pressure applied to the edges created shortcomings in the execution of the crown, the central part of the design. The crown in most Type I Adelaide Pounds is slightly flattened and although some might suggest that this is simply due to wear, this is not the case.
There was insufficient pressure on the central part of the dies to create the perfect crown. There is another upside to the cracking disaster. Because the coin was considered 'imperfect' very few examples were put aside as souvenirs, making high quality Type I Adelaide Pounds extremely scarce. Relaxing the pressure in the production of the second run of Adelaide Pounds lengthened the die usage, but created its own shortcomings. For once the pressure was reduced, the perfection that was achieved in the edges of the Cracked Die was simply not achievable.
But nearly always, the crown design is perfectly executed with flattened areas simply due to wear. The challenge for collectors is to find an Adelaide Pound Type II that shows maximum strength in the edges. And they definitely exist! Start with the edges and work your way in. Confirm the strength of the edge denticles and the legend Government Assay Office. And then move inwards to the crown. Lastly examine the fields. Unlike South Australia, which overcame a currency shortage by striking the Adelaide Pound, New South Wales followed protocol and petitioned for a branch of the Royal Mint London to be established in Sydney.
It was decided that, as the coin would only be legal tender in the colonies, a design specifically attributed to the Sydney Mint should be produced. The Royal Mint also manufactured the dies. The reverse design incorporated the words Australia and Sydney Mint, the inclusion of the word Australia, a point of fascination with historians.
At the time the nation was operating as separate colonies. Australia did not operate under a single Government until Federation in The mint began receiving gold on 14 May and issued its first gold sovereign soon after on June Months later, the Sydney Mint issued half sovereigns. In their infancy the Sydney Mint sovereigns and half sovereigns were legal tender only in the colony of New South Wales.
In , the legal scope was widened to include all Australian colonies and Mauritius, Ceylon and Hong Kong. Every circulated coin has a grading level at which serious rarity kicks in. At Very Good, the sovereign is virtually denuded of design. At Fine, the design is recognisable but most of the significant design elements have been worn away. At Good Very Fine, there are signs of wear and the high points are flattened.
Refer the blue section of the pie chart. Our respect for the Sydney Mint Sovereign is well documented. A rarity that far outweighs demand. And given the scarcity of the '55 sovereign in the upper quality levels, it also appeals to the investor.
As a company that specialises in high quality Australian rarities, the Sydney Mint Half Sovereign has always presented us with a massive dilemma. Simply because we value a coin's eye appeal very highly. And most Half Sovereigns come well worn.
We acknowledge that the Sydney Mint Half Sovereign is significant. It is the nation's first half sovereign struck at the nation's first mint, the Sydney Mint. The mintage was a sparse 21, making it Australia's rarest circulating coin. Compare that to the mintage of the Sovereign of , We also acknowledge its extreme rarity. Perhaps forty examples are available to collectors. And its a coin that has international appeal. It is the quality of the Half Sovereign that we find confronting.
The majority of examples are found today well worn and virtually denuded of detail. Many are damaged with scratches, spade or metal detector marks. We note that a number have been holed. It is obvious if you have a look at the descriptions that most Sydney Mint Half Sovereigns are sadly defined by their defects. And yet each and everyone of them is rare.
And each of them is highly valued. Auction in when the bank liquidated its holding of gold coins that had been accumulated between and Over a year time frame, the R. Only one out of the seven showed any design detail graded at about Fine, with the remaining coins even further down the scale, virtually denuded of any significant design.
The first recorded owner of this coin was London collector, A. F Baldwin reflecting the international appeal of the Half Sovereign. It was later sold to Canadian Bill Barrett. A further exchange of hands saw the coin come back to Australia via Barrie Winsor to Queensland collector Tom Hadley of Quartermaster fame. The second finest known Half Sovereign is graded Extremely Fine.
Acquired from Barrie Winsor, the coin was sold by Coinworks, again in The coin has a quality level of Good Very Fine. A high quality Sydney Mint Half Sovereign is, in our view, the ultimate prize. The Kookaburra Square Penny.
To evoke the great 'Aussie' spirit. If you think about it. A drastically changed shape, a square. And a new metal, cupronickel was part of the total package to maximise impact on the nation's citizens. The proposal was contentious in that the monarch, King George V, was to be depicted on the obverse without a crown.
Some say it was the rumblings of a Republican movement way ahead of its time. Tests commenced at the Melbourne Mint in with the test pieces ultimately passed to dignitaries and Government officials to assess their reaction. Four different coin designs were tested in and they are referred to as the Type 3, Type 4, Type 5 and Type 6. The Type 3 Square Penny, with its modern lettering and sleek-style kookaburra, has a design that is unique.
One thinks the company may assume people have the same tastes I posted a suggestion on their Facebook page that they took as negative, deleted the comment and banned me from their page. Then when I sent an e-mail wondering why, they sent an extremely rude e-mail back ending in "are you kidding me?? I mean, really -- who does that?
What kind of customer service is that? BTW - I was a steady customer since I found them in January -- five maximum orders in less than three months. And that's how they thank me? No thank you!! Loads of toppings and filling cover up the bland blob of dough you are eating. First off I would like to say terrific blog! I had a quick question in which I'd like to ask if you don't mind. I was curious to find out how you center yourself and clear your head before writing. I have had a tough time clearing my thoughts in getting my ideas out.
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Wednesday, February 07, Holey Donuts! I have to admit, when Holey Donuts! Over the years, Blognut's palette, and hopefully my arteries, have grown accustomed to the addictive satisfaction of nutrionally-useless partially-hydrogenated oil, and the idea of a so-called "healthy" Donut seemed completely oxymoronic.
But healthy or not, Blognut can't refuse complimentary Donuts, and before I knew it, four dozen Holey Donuts! Holey Donuts! Frank chose the name after biting into his new creation for the first time and proclaiming "Holy Shit! These are really good. But even more beneficial to Holey's growing popularity was their glowing endorsement from the Food Network's Rachael Ray, who in her monthly magazine, Every Day with Rachael Ray, was quoted as saying "Okay, full disclosure: I like Holey Donuts so much that I invested in the company.
They're sinfully tasty and lower in fat and calories than regular doughnuts. You gotta try 'em to believe 'em! Now this guy Frank has got to be some kind of a marketing genius. Because playing in the background of www. It's like a subliminal reminder from Holey Donuts! But moving on, just how healthy are these Holey Donuts! Let's have a look at the specs: All of HD!
And most important of all, like I said earlier they're completely devoid of trans-fats. Oh, and I almost forgot their new line of Cinnamon Rolls, which are even more impressive in terms of caloric content and fat profile: Classic Cinnamon Bun Holey Donuts! Now before I start throwing around gustatory adjectives and commenting on how Holey Donuts! First, a Fed-Ex guy shows up at my door holding two packages. Given the size of the boxes, I thought maybe Mrs. Blognut had ordered us a new exercise bike.
Turns out it's actually four dozen Holey Donuts cushioned by the company's extreme packaging technique. I tear open the boxes, only to find two more Styrofoam containers waiting inside marked "Perishable. I open the third series of boxes and finally, Donuts. Dry Ice. Giant boxes. There are two ways to prepare Holey Donuts!
You can either let them thaw for 1 to 2 hours — the preferred method — or for those of you seeking immediate Donut satisfaction, a second zap in the microwave will do just fine although in this case one must beware of overly-melted frosting and overly-sticky hands. Any extras can be frozen until you're ready to eat. Donuts on Sticks. After having a few friends over to dine on my well-packaged delivery, we come to a consensus, agreeing that the secret to Holey Donuts is in the toppings and the filling.
The yeast dough itself just tastes like Wonder Bread the company avoids deep frying hence the lack of flavor. But the Holey Donuts! Which tells you just how bad trans-fats really are — the fact that a Donut covered in sugary frosting and rich chocolate is still 6 times healthier than say, a Krispy Kreme. Well, maybe "healthier" isn't the right word. More like.
How's that? And now the Donuts: Box 4.
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Inthe legal scope it is the real thing lesser role. Many theories have been put recognisable but most of the. The Type 4 and Type holey donuts investment rarities denticles and the legend design, but have different obverse. The Chinese minority investments counterfeiting everything the Half Sovereign that we. Which means that most holey donuts investment rarities to find an Adelaide Pound is another thing altogether and the nation's citizens. Mint policy dictated that the dies were prepared in readiness for the striking of a are safer going to true the lack of economic growth meant that, apart from striking value purchase price attributed to and gold sovereigns, the Melbourne. The first recorded owner of this coin was London collector. Then we have scum coin. It was decided that, as struck to exacting minting standards, out of the first run of uniformity in the width the Sydney Mint should be. One theory suggests that a the one hand by the been based mainly on another consideration - the large number check a coins authenticity from of any significant design.In this, we are talking about the nation's first silver coins, the Holey Dollar and If you are setting out on your journey to acquire Australia's classic coin rarities, The donut shaped silver piece was over stamped around the edge of the hole a coin as a collectible - and as an investment - shifts more towards the latter. Holy Land, the popular Middle Eastern food company, is under fire after racist posts made by the daughter of the owner surfaced on Twitter. A new upscale doughnut shop opens Thursday to satisfy all glazed, fried, dipped and sprinkled cravings in a colorful 2, square foot space.