Sell your Holey Dollars and Dumps. 

On January 1st 1810, Lachlan Macquarie became the 5th Governor of the Colony of New South Wales. He inherited a major shortage of currency which he aimed to rectify. By 1812, Spanish dollars were on the way to elevate this shortage.

He created the ‘Holey Dollar’ valued at five shillings and counter-stamped ‘New South Wales’ using the outside portion of these Spanish Dollars.

The ‘Dump’ was created using the remaining centre piece of the coin and was valued at 15 pence.

How To Sell Your Holey Dollar and Dump

One of the most difficult things to do is to sell a coin collection and reap the maximum return out of it.

When selling rare Holey Dollars and Dumps, it can be difficult to know where to turn. 

Holey Dollars and Dumps We Buy

Holey Dollar Varieties We Purchase

We purchase any Holey Dollar and any variety of them.  

 Dumps Varieties We Purchase

We purchase any variety of Dump. 

Sell At Auction

One option you have when selling valuable and rare Holey Dollars and Dumps is to sell at auction. 

The costs associated with auctions are insertion fees which can be 10%, and the hammer fee that the buyer pays which is often 22%.

If your treasured Holey Dollar sells for $25,000 at auction, you will likely only receive $20,000. Additionally, the true retail value of those coins would be over $30,000 as buyers factor in the hammer fee.

Auctions also leave the potential for low-price realisations. The auction house does not have an equity stake in the item and their priority is that the coin sells in order to achieve a commission.

It is not unfair to say that their primary motivation is to sell the coin, not maximise its price. .

Lastly, there is always the potential for the item at auction not to sell if you insist that the starting price not be too low. It is a common occurrence that items such as star banknotes and gold sovereigns pass at auction due to the starting bid being too high.

Sell To A Coin Dealer

The other option is to sell your holey dollar or dump directly to a coin dealer. 

We are always buying numismatic rarities.The benefits of selling to a reputable coin dealer are that we will buy the complete collection and you will not have to wait for an auction to occur.

We are also able to be extremely competitive with what we pay. This is possible due to having a customer base for these products and no insertion fees or hammer fees.

Recenly, we helped liquidate the remaining elements of an old Sydney collection after poor results at auction.

We calculated that the vendor would have been 20-25% better off selling to us directly.

Lastly, we provide estimates based on previous sales history that we happily share as part of the purchasing phase. We can also provide the tools to do your own research to verify our valuation.

Get in Touch Now 

If you'd like to get in contact with to explore the possibility of selling your coin collection through us, please get in touch via our contact page below or call us directly.