World record price for rare Australian 'Holey Dollar' | Bangkok Post: news

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World record price for rare Australian 'Holey Dollar'

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A private collector has paid a world record Aus$495,000 (US$508,000) for one of Australia's first coins, known as the "Holey Dollar", auctioneers said Wednesday. 

One of Australia's first coins, known as the "Holey Dollar" is shown March 6, 2013 after a private collector paid a world record US$508,000 for the coin, in Melbourne. The coin is one of 40,000 Spanish Silver Dollars that Governor Lachlan Macquarie bought in 1812 to solve a currency shortage in the fledgling penal colony of New South Wales.

Only 300 of the coins survive and Belinda Downie, managing director of Melbourne dealer Coinworks, said the one that sold this week was the finest example.

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