The Perth Mint 2025 May Bulletin | Page 2

Pillar dollar

Struck from 99.99 % pure gold and silver, these coins commemorate the 225th anniversary of Australia’ s Proclamation coin- the Spanish Pillar Dollar. Historically significant pieces and valuable additions for collectors, these releases reflect the first currency minted in Australia.
225 TH ANNIVERSARY OF AUSTRALIAN PROCLAMATION COINS
Pillar Dollar 2025 1oz Gold Proof Coin
Although it remains a topic of considerable numismatic debate, a Proclamation coin is usually defined by its inclusion in Governor Philip Gidley King’ s famous edict of 19 November 1800, which attempted to solve the currency crisis afflicting the colony of New South Wales.
$ 100 Australian legal tender 99.99 % pure gold 32.60 mm ø 200 mintage
25V82EAA
AUD
7,190. 00
In response to the ongoing shortages, 40,000 Spanish reales were imported into the colony by Governor Lachlan Macquarie in 1812. A decision was made to increase the number of available coins by cutting out the centre of each coin. The coins then underwent a counter stamping process, designating the outer ring as the ' holey dollar ', and the centre as the ' dump '.
This operation prevented the coins from being exported and led to the creation of the first currency minted in Australia.