Could this ¼ Farthing have been one of those amongst the large sums of money spent by the industrial union for buying essentials for their members during the worldwide depression. The depression started in 1929, and had a serious effect on South African economic life. By 1930, industrial production, which was only in its infancy in the Union of South Africa, began to decline and large-scale unemployment followed. As there was no social insurance of any kind in the country, the unemployed workers suffered great distress. The union spent large sums in buying essentials, such as flour, sugar and bread, for distribution among members, but their funds were totally inadequate to cope with the problem.

Up to 1960, South Africa used the British system of 12 pennies to a shilling and 20 shillings to a pound (240 pennies to the pound). this coinage system dominated South Africa for more than a century as Lord Charles Somerset issued an ordinance as far back as 6 June 1825 declaring British Sterling as legal tender at the Cape (Arndt, 1928). This was part of a process to introduce a uniform monetary system for the British Colonies at the time. A shortage of coins nevertheless delayed this process for several years, but after 1848, only coins of the Sterling series were accepted. These coins became firmly entrenched throughout the whole of South Africa and even the Kruger coins, minted in the Transvaal Republic during 1892 to 1900, conformed to the British system (Engelbrecht, 1987).Source: Francois Malan

THE CURRENT CATALOGUES' INDICATIVE VALUE IS: R 15 000

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