Basically, to overcome an acute shortage of money in 1813, Governor Lachlan Macquarie bought silver dollars from Spain and then punched the centres out, thereby producing two coins - the ‘holey dollar’ (worth five shillings) and the ‘dump’ (worth one shilling and threepence). Talk about creating money out of nothing—the original silver dollar only cost five shillings! The holey dollar and the dump have been adopted as the symbol for the Macquarie Bank in Australia.