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Coin Collecting Glossary

The who's who and what's what of coin collecting.

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Hammered Coinage

These are coins that were struck by placing a planchet between dies and striking the top die manually with a hammer.
See also - - Milled Coinage, Planchet

Hard TimesToken

A non-government issued piece that was used as a substitute for currency. Hard Times tokens were a response to the hoarding of coins by the public during the Panic of 1837. The tokens were issued until the panic ended around 1843. They are normally grouped into political, satirical, and store card themes.
Read story - - Millions for Defense, but Not One Cent for Tribute
See also - - Token, Civil War Token, Store Card Token

Hob

See Master Hub.

Holey Dollar
Also known as a ring dollar, this was the first coinage of New South Wales, Australia. It consisted of a Spanish peso with the center cut out resulting in a coin that looks like a donut or ring. The ring was stamped with a denomination of five shillings on one side and "New South Wales 1813" on the other. It is considered rare and highly prized by collectors today. Similar coins have appeared in other countries or British colonies. The center part, or dump, circulated as a fifteen pence coin.
The holey dollar and dump are the only Australian coins to have been demonetized by having their legal tender status revoked.
See also - - Dump

Hub

See Master Hub.

Hubbing Process

This is the process where a die with a negative or incuse image is created by impressing a coin's design into it using a hub with a positive or raised relief image.