Spanish (holey) dollar Currency Coin made by punching out the middle of a Spanish silver dollar, which helped stabilise the early colonial economy. image Type Currency {"name":"Currency","target":"","target_text":null,"date":{"#markup":"<span class='date'><\/span>"},"date_start":null,"date_end":null} Spanish (holey) dollar by Garry Wotherspoon , 2010 Devised in 1810 to prevent the colony's currency from disappearing offshore, the holey dollar was Sydney's first really local coinage, remaining legal tender until 1829. more » image image image image