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NYINC Signature Sale 3061  7-8 Jan 2018
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Lot 32514

Estimate: 10 000 USD
Price realized: 12 000 USD
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South Africa
Republic gold "Veld" Pond 1902 AU55 NGC, Pilgrims Rest mint, KM11,  Fr-4, Hern-Z54, variety with slash on upper left of obverse. For that reason, exceptional survivors are rare. The present coin has obvious wear and surfaces displaying moderate handling marks.  The strike is decent for this crudely engraved, and produced, issue. Obv. ZAR monogram with date below. Rev. "Een Pond." Crudely struck, as all of the Veld Ponds, with a slight off-center strike. Reported Mintage: 986. Thickly reeded edge. Die state with slash above "Z" on obverse. The "Veld" or "Field" pond, with its intimate hand-engraved design, with the 1898/99 Pond, and the Burgers Pond, must surely be second on that list. An artifact of the final stages of the Boer War, this type was produced from 24-kt gold to pay soldiers, and as the story is generally recounted, was literally coined at a makeshift mint in close proximity to the Pilgram's Rest battlefield. P.J. Kloppers, who had no professional experience as a die sinker, and had been previously employed as a school teacher, was tasked with the job of creating the dies. In doing so, he wisely opted for simplicity, illustrating only the the "ZAR" monogram, the date and the denomination, and in doing so, created one of crudest and yet most charming types of the 20th century as can be expected of a type conceived from war, the majority of survivors for this issue were not lovingly cared for. Much like their Burgers pond predecessor, many found their way into jewelry; being inside soldier's pockets, they certainly weren't immediately funneled into collector cabinets. A rare, and popular, type. Included is the original auction tag from Stack's sale of December 6/7, 1968 Lot 629

HID02901242017

Estimate: 10000-14000 USD
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