Watch List notes:

South Africa, Z.A.R., Kruger, pond, 1898/99, dated 1898 with "99" countermarked below bust (Hern Z52; KM 10.2), lightly bagmarked overall with a few surface and rim knocks, generally good very fine and very rare [130 reported to have been struck and so countermarked]. In 1899, new dies for the 1899 Kruger ponde were on the way to Pretoria when they were seized by the British in Lourenço Marques. To mark the wartime re-opening of the Mint it was decided to overstamp some 1898-dated coins with a '99' below Kruger's bust. The very first coin to be processed was reportedly stamped with a single 9 but a further 130 are recorded as having been stamped with a pair of smaller nines, as here. (£8000-12000)