 
These Holey Dollar forgeries are so named because the first recorded example was found to have come from Hong Kong in 1983. Several specimens have since been sighted. All have been produced by the use of forged counterstamp dies being applied to genuine, holed Spanish American silver dollars.
Because a die was used, all matrix dates and counterstamp clock face relationships are possible. All examples to date exhibit an obverse die type I countermark and can be identified as a forgery by a full stop which appears after the date 1813. The reverse countermark is die type B.
Source:
'The Holey Dollars of N.S.W.' - W J D Mira & W J Noble, 1988.
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