COIN REVEAL: 2001 Centenary of Federation Holey Dollar and Dump - 1oz Fine Silver Coin

in #leofinancelast month

Today's featured coin is the 2001 Centenary of Federation Holey Dollar and Dump coin struck by The Perth Mint. This coin is a 1oz Fine Silver proof quality coin.

If you read my Sneak Peek post written on 15 May 2021: Sneak Peek - Coin Reveal, you will recognise the outer box of this coin as it was mentioned in that previous post.

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Contents

Each Coin Reveal post as part of my Sneak Peek series features a special collector coin that I currently own in my stack or one that I would love to own one day. The focus of today's post is the 2001 Centenary of Federation Holey Dollar and Dump 1oz Fine Silver proof coin.

The contents of each post will follow the same format and cover the five topics listed below.

1. Coin Story
2. Coin Packaging
3. Coin Details
4. Coin Design
6. Coin Protection

1. Coin Story

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The Centenary of Federation Holey Dollar and Dump coin was released by The Perth Mint in 2001, to commemorate Australia's Centenary of Federation in 2001. On the 1 January 2001, Australia became a Commonwealth nation, when it's six independent British colonies came together as a Federation.

The star-shaped 'Dump' coin in the centre shows an intricate depiction of Australia's Federal Parliament House. I was able to find the photo below of Parliament House in Canberra, which is extremely similar to the design depicted on the coin.

CSIRO_ScienceImage_11531_Parliament_House_Canberra.jpg

source upload.wikimedia.org

The outer coin, known as the 'Holey Dollar' portrays the official badges of each Australian State and the Northern Territory.

The image below shows the six official State badges from left to right:

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source jetpunk.com

1. New South Wales
2. Victoria
3. Queensland
4. South Australia
5. Western Australia
6. Tasmania

The coin design also depicts the Northern Territory official badge, as shown in the image below:

7. Northern Territory

1024px-Badge_of_the_Northern_Territory.svg.png

Secondary Market Sold Listings
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These coins are readily available on the secondary market. On ebay.com.au there were a few different sold listing between AU $75.00 - AU $108.00. The 1oz Fine Silver (.999) spot price at the time of writing this post was at AU $35.23. The premium on the sold prices for the Centenary of Federation Holey Dollar and Dump coin range from AU $40.00 up to AU $73.00 over the spot price of silver. Those are some impressive premiums for a 1oz silver coin.

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2. Coin Packaging

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The navy blue outer box is shaped like the Australian Flag with the pattern of the flag illustrated on the front. There is no text on the outer case.

Each 1oz Silver coin comes with an accompanying coin certificate, below is an excerpt from the certificate:

Certificate of Authenticity

This certificate accompanies a Holey Dollar and Dump silver coin set, minted and inspected by The Perth Mint to commemorate Australia's Centenary of Federation in 2001.

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The 1oz Silver proof coin is housed inside the navy blue Australian Flag shaped case. The inside of the lid displays The Perth Mint Swan Logo in silver print with the words 'THE PERTH MINT' in silver text.

3. Coin Details

a. Mintage

The maximum mintage of the 2001 Centenary of Federation Holey Dollar and Dump proof coin was limited at 30,000 coins. The coin was issued as legal tender under the authority of Australia with a denomination of one dollar and twenty-five cents.

b. Purity

The 2001 coin has a purity of .999 fine silver.

c. Details

Coin: Holey Dollar Dump
Mint/Brand: The Perth Mint The Perth Mint
Purity: .999 Fine Silver .999 Fine Silver
Denomination: $1 (Australian) 25c (Australian)
Year of Issue: 2001 2001
Edge: Milled Smooth
Ounces: 0.719oz 0.281oz
Weight: 22.385g 8.749g
Diameter: 40.60mm 26.26mm
Thickness: 4.00mm 4.00mm
Maximum Mintage: 30,000 30,000

4. Coin Design

a. Reverse Design

Holey Dollar
The reverse of the 'Holey Dollar' coin depicts the official badges of each Australian State and the Northern Territory.

The 'Holey Dollar' design includes an inscription of each state written above the badge 'NEW SOUTH WALES', 'SOUTH AUSTRALIA', 'TASMANIA', 'NORTHERN TERRITORY', 'VICTORIA', 'WESTERN AUSTRALIA' and 'QUEENSLAND'.

Dump
The reverse of the star-shaped central 'Dump' coin features an intricate depiction of the Australian Federal Parliament.

The 'Dump' design includes the 'P' mintmark and the year inscription of '1901 - 2001'.

reverse.jpg

b. Obverse Design

Both coins, the 'Holey Dollar' and 'Dump' are legal tender under the authority of Australia.

Holey Dollar
The obverse of the 'Holey Dollar' coin portrays the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II, the words 'ELIZABETH II', 'ONE DOLLAR' and 'AUSTRALIA'.

Dump
The obverse of the 'Dump' coin portrays the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II, the words 'ELIZABETH II', 'AUSTRALIA' and '25 CENTS'.

obverse.jpg

5. Coin Protection

Each 1oz Fine Silver coin is stored in an original mint plastic capsule. It is highly recommended that you keep your silver proof coins in their capsules, to protect them from tarnish, or scratches on the coin that could result from handling the coin.

When handling your silver coin, for extra protection use a pair of cotton gloves. Cotton gloves protect your coins from oils in your fingers that may cause discoloration, damaging the finish of the coin. I have formed the habit to use cotton gloves even when I am handling coins in their plastic capsules.

source APMEX

Post authored by @strenue

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Intricate design!!!

Yes it is a very intricate design. I never knew each Aussie state had their own official badge until I got this coin.

How many states are there in Australia?

@silversaver888, Australia has six states:

  • New South Wales,
  • Queensland,
  • South Australia,
  • Tasmania,
  • Victoria, and
  • Western Australia.

However it also has three internal territories:

  • the Australian Capital Territory,
  • the Jervis Bay Territory, and
  • the Northern Territory.

It also has seven external territories/islands:

  • Ashmore and Cartier Islands,
  • the Australian Antarctic Territory,
  • Christmas Island,
  • the Cocos (Keeling) Islands,
  • the Coral Sea Islands,
  • Heard Island and McDonald Islands, and
  • Norfolk Island.

So a fair bit to look after and govern. 🙂

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