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Are the ‘Holey Dollar’ and ‘Dump’ coins still legal tender?

The Holey Dollar and Dump are the only Australian coins which have had their ‘legal tender’ status removed, or been ‘demonetised’.


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Coins to mark Snowy Mountains Scheme Anniversary

28 May 1999

One of two commemorative coins that mark the 50th anniversary of the start of the Snowy Mountains Scheme will be struck at the Royal Australian Mint on Monday.

The Minister for Financial Services and Regulation, the Hon Joe Hockey MP and the Commissioner of the Snowy Mountains Hydro-electric Authority, Mr Vin Good, will strike the coin — watched by a group of former workers who built the Scheme.

Special guests at the ceremony will include:

  • Mr Charlie Salvestro — one of the former workers on the Snowy Mountains Scheme who worked underground in the tunnels like those depicted on coins.
  • Trevor Prior — one of the Authority’s staff and 1988 Aboriginal and Torres Strait Islander Apprentice of the Year.
  • About 30 former Snowy Mountains Scheme workers who will represent the 100,000 people who built the Scheme.

The details:

What: Launch of the Coins of the Snowy Mountains Scheme.
Where: Proof Coining Hall, Royal Australian Mint, Denison Street Deakin.
When: 11am Monday 31 May.

Snowy Mountains Scheme commemorative coin - Tunnel in ConstructionSnowy Mountains Scheme commemorative coin - Alpine Lake