1898(99) ZAR Kruger Pond 99 Overstamped Single Shaft AU58

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20022015
Dear Collector

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History In Your Hands

South African Coinage Is a Series Rich in History

 EXTREMELY RARE KEY COIN 

'99' 
Overstamped

ZAR 

GOLD KRUGER POND

 ONLY 130  EVER MINTED

THIS NGC GRADED
 
AU 58 
ZAR COIN
IS
1OF ONLY 4 AT THIS GRADE IN THE NUMISMATIC GUARANTY CORPORATION POPULATION REPORT FOR SOUTH AFRICAN ZAR PONDE

  A COIN WITH A SIGNIFICANT HISTORY.  

!!! GET IT NOW +27 (0) 11 789 2233 !!!

1898(99)_ZAR_Kruger_Pond_99_overstamped_Single_Shaft_AU58

SINGLE SHAFT

 This Image is copyrighted to Randburg Coin only

CATALOGUED VALUE IN UNCIRCULATED IS 

R 1 750 000

 THIS COIN IS ALMOST UNCIRCULATED WITH A GOOD STRONG STRIKE, GIVING IT AN APPEARANCE OF BEING BETTER.

 AN ESSENTIAL Z A R GOLD COIN TO OWN IN YOUR PERSONAL  COLLECTION - ONE OF THE FINEST KNOWN. 

 NOW BEING SOLD AT 

  A FAVOURABLE PRICE OPPORTUNITY OF ONLY 

R 1 350 000

EQUIVALENT TO APPROXIMATELY

 75 000 OR $120 000

 Have 1 of only 130 ever minted. 

 !!! AVAILABLE NOW !!! 

 VALUED HISTORICAL COIN AT A REMARKABLE OFFER. 

1898(99)_ZAR_Kruger_Pond_99_Overstamped_Single_Shaft_Slabbed_AU58

Details:

Diameter: 22mm

Mass: 7.988grams

Designer: Otto Schultz 

 Description:

The only date lacking for the one-pound series from 1892 through 1900 is 1899.  The Mint did not produce coins from January 1, 1898 through September 30, 1899.  It was reopened at that time to strike pound coins needed for the war against Great Britain, which had broken out over continued Boer frustration with British policies.  The dies dated 1899 were intercepted by the British en route to the Mint, so there was no option but to use ones dated 1898.  A normal output (137,000) of one-pound coins was produced, but some 130 pieces were then counterstamped below Kruger’s bust with the numerals ‘99’ to correctly identify their year of manufacture.  Why so few were counterstamped and why the Mint bothered to do this at all is still unclear; perhaps these pieces were reserved for assaying purposes.  They are very rare today, and counterfeits do exist.

The final issue of Pond coins was produced in the early months of 1900 from dies bearing that date (these managed to get through from Berlin).  Before Pretoria fell to the British on June 5, the ZAR’s capital was temporarily relocated to Middelburg, and all of the gold and silver stored in Pretoria was carried away to safety.  Wartime conditions prevented further coinage of the regular Kruger type of Pond and Half Pond, and this series ended in 1900.

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