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.
Frequently Asked Questions
How do you pay for my coins?We offer fast payment options once we've agreed on a price for your holey dollar or dump. For more details, please contact us.
What if my coins are in poor condition?We buy holey dollars and dumps in various conditions. The value of your coins will depend on several factors, including rarity and demand. Don't hesitate to reach out to us for a valuation.
Where to sell holey dollar?Ensleigh Coins is your go-to place to sell holey dollar. We offer fast valuations and payment, and we can even collect your coins.
Should I sell to a coin dealer?Selling to a trusted dealer like Ensleigh Coins can often be more beneficial than selling to individual collectors or at auction. We offer competitive prices and a smooth selling process.For any additional questions, feel free to email us at email@example.com. Don't forget to check out our new stock regularly for exciting additions to our stock.
Sell Your 1813 Holey Dollar
We are always in the market for holey dollars. We're the perfect place to sell your holey dollar.
Sell Your 1813 Dump
Ensleigh Coins is the perfect place to sell your 1813 Dump. We are always looking for more stock.