Watch List notes:

South Africa, Z.A.R., Kruger, pond, 1898/99, PCGS AU55, dated 1898 with "99" countermarked below bust (Hern Z52; KM 10.2), bagmarked overall and with a few surface scuffs and scratches, good extremely fine and surfaces retaining some original brilliance, very rare [130 reported to have been struck and so countermarked], in PCGS holder graded AU55. 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.
(18000-22000 GBP)