I never knew the direction was change of monarch,thank you geordie. That answers something that I had often wondered.
And now I know why so many are holed.
I for one am not bothered by holes, I collect for my enjoyment and keep culls as well as nice coins. As long as it is appealing to my eyes, one makes me as happy as the other. I have multiple coins of some and steadily hunting what I don't have.