holey dollar
/ˌhəʊli ˈdɒlə
/noun Australian historical
A Spanish dollar with a hole punched through it to prevent its being used elsewhere, in circulation in Australia the early 19th century: the holey dollar is Australia’s earliest example of financial innovation...
- One of the coins is a holey dollar, created in New South Wales in 1813 from a silver dollar minted in Peru.
- Only 300 holey dollars remain in the world
- There were other holey dollars in collections in Australia.
Origin
Early 19th century: from holey + dollar.