Watch List notes:

SOUTH AFRICA: AV pond, 1892, KM-10.2, Fr-2, Hern-Z45, single-shaft wagon tongue (common type, but the year 1892 of this type is very rare), "removed from jewelry", NGC graded About Unc details, RR, ex Henry Christensen sale (ca. 1965), with original envelope. Despite the "removed from jewelry" designation, there is no trace at all of mounting or jewelry use, but the obverse only has been lightly cleaned, and the reverse is highly detailed and retains good luster.

Estimate: 1,400-1,600 USD