1898 

Z A R PENNY

 PRESIDENT KRUGER

GRADE: MS 63 RB
GRADED BY THE NUMISMATIC GUARANTY CORPORATION 

Copyright of Randburg Coin - image may be generic where applicable -N G C Slabbed and Graded

1898  KRUGER PENNY
AT AN
EXCELLENT
PRICE
FOR THE COLLECTOR

 Detail
 Z A R PENNY

Diameter: 30.8.00 mm
Mass: 9.4 gram
Metal: Bronze

Some interesting facts about the Johannesburg Market Square the hub of bartering and trading at the time

The Joburg Market has its origins in the centre of Johannesburg in 1893 in what was then called Market Square, and trading mostly took place on a barter system.

By 1913, the Market had grown to such an extent that it was moved to Newtown, where it went from strength to strength. At this site, trade took place by way of an auction system, and all manner of farm produce was sold, including poultry, game, hay, lucerne and pheasants. The turnover for the last financial year that the Market traded in Newtown - which was 1973/74 - was the princely sum of R2,4-million. By 1972, the Market was bursting at the seams in Newtown and the Johannesburg City Council took the decision to move it to the present site in City Deep.

Just about 134 years ago the Johannesburg Central Business District was flat, patchy grassland, interspersed with rocky outcrops and an occasional stream and one or two farmhouses. Then gold was found in 1886 and a town was born, taking its shape from the largest square in the country, market square.

Six blocks in all, market square stretched from Rissik Street in the east to Sauer Street in the west, bordered by President and Market streets. According to Johannesburg – One Hundred Years (1986), “Depending on the weather, the square and streets were either unattended dust bowls or strips of churned-up mud dotted with pools. There were always wagon tracks and horse and ox droppings.”

The eastern portion of the square became a produce and general dealers’ market, while the western half was a cattle market.

By 1895 shops, offices, and banks appeared on its perimeter. In 1888 a market house was built, and together with a shelter housing the town’s first fire-fighting apparatus, it was the first building in the space.

The town’s first government building was built on Rissik Street on the eastern edge in 1888. It was a low, flat building with arched windows and a central balcony and square frontispiece, with the post office occupying one wing. In 1892 the entire building was taken over by the post office, serving them for eight years before a bigger building became necessary. In 1897 the present post office was built, and in 1905 another floor and a clock tower were added.

 In 1906 the city council took over control of the market, with the aim of eventually building government and municipal buildings on the square.Source:The Heritage Portal

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