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The New York Sale
Auction 40  11 January 2017
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Lot 1477

Estimate: 1800 USD
Price realized: 1600 USD
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WORLD COINS, SOUTH AFRICA, Republik (ZAR), Paul Kruger, Gold Pond, 1898, 8.00g. Bust left of Kruger. Rev. Transvaal arms; with a Gold Blank for the Pond, c.1900, 8.00g. Blank without rim and usual scraper marks. Both, Choice extremely fine. (2)

Legend has it that, during the year 1900, president Kruger sent the State of Attorney (J C Smuts) to the Pretoria mint to confiscate all available specie in order to pay the Boer troops. On the way back it was discovered a number of the seized coins were unstruck and simply gold blanks, they were, however, the correct weight and were therefore used to pay the troops. There is no record of what number there were and they are now known as 'Kraal Ponde' or more commonly as 'Rimless Blanke Ponde'.

Estimate: $ 1,800
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