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Rum was the sole form of Australian currency in 1813 when Lachlan Macquarie, Governor of New South Wales, imported forty thousand Spanish dollars and ordered that a hole should be punched in each. By recycling and re-stamping the silver, Macquarie created Australia’s first legal tender and averted a financial crisis. Our label depicts the two coins minted from one: the fifteen-pence “dump,” or centre piece, imposed over the “holey dollar,” a symbol of Australian ingenuity.

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