Green’s Dictionary of Slang

coach-wheel n.

[like the SE coach-wheel, the crown piece was, by numismatic standards, large and round]

1. a five-shilling (25p) piece, a crown.

[UK]Grose Classical Dict. of the Vulgar Tongue.
[UK]G. Andrewes Dict. Sl. and Cant.
[UK]Lex. Balatronicum.
[UK]Egan Grose’s Classical Dict. of the Vulgar Tongue.
[UK](con. 1737–9) W.H. Ainsworth Rookwood (1857) 231: One quid, two coach-wheels, half a bull, three hogs, and a kick.
[UK]Flash Dict. in Sinks of London Laid Open.
[UK]Hotten Dict. of Modern Sl. etc.
[UK]Sl. Dict.
[Aus]Crowe Aus. Sl. Dict. 18: Coach Wheel, a crown piece.
[UK]Exeter & Plymouth Gaz. 4 Feb. 5/6: A five-shilling piece was once known as a ‘coachwheel’.

2. (US) a silver dollar.

[Aus]Vaux Vocab. of the Flash Lang.
[US]Matsell Vocabulum.
[US]Trumble Sl. Dict. (1890).