Similar Coins
Although not known as "holey dollars", several British colonies in the Caribbean used the same method for producing coins from Spanish dollars. They include British Guiana, Dominica, Grenada, Saint Vincent, Tobago and Trinidad. The holed coins and plugs circulated alongside various other coins made by cutting Spanish and Spanish colonial coins into sections. These coinages were denominated in either shillings and pence or bits, worth nine pence. (One dollar was made up of eight bits. At 9d the bit, this meant that the eight bits were worth 6s in their markets, or 20 percent more than a Spanish dollar.)
Read more about this topic: Holey Dollar
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