Bang for buck as holey dollar performs

An 1813 Prince Edward Island counterstamped holey dollar – billed as the “first Canadian dollar” by auctioneers – topped its estimate by more than seven times this November.

Certified as Fine-15 by Numismatic Guaranty Company (NGC) and catalogued as Charlton-PE-1A1, the 21.70-gram coin displayed a sunburst counterstamp above a large, punched-out hole on an 1804 Mexican eight-reales piece.

“From a mere handful auctioned in the last 20 years, the present offering stands as the sole finest graded by either NGC or PCGS (Professional Coin Grading Service),” according to Heritage Auctions, which offered the coin as Lot 32354 of its Nov. 2-4 Platinum Session.

It brought $18,000 US (about $24,300 Cdn.), including buyer’s premium, on an estimate of $2,500 US (about $3,350 Cdn.).

Leave a Reply

Canadian Coin News


Canadian Coin News is Canada's premier source of information about coins, notes and medals.

Although we cover the entire world of numismatics, the majority of our readers are Canadian, and we concentrate on the unique circumstances surrounding collecting in our native land.

Send Us Your Event

Running an event? Send it to us and we will display it on Canadian Coin News!

Submit Event →

Subscribe To 26 Issues For Just $59.99/year

Subscribe today to receive Canada's premier coin publication. Canadian Coin News is available in both paper and digital forms.

Subscribe Now

We acknowledge the financial support of the Government of Canada through the Canada Periodical Fund of the Department of Canadian Heritage.