Watch List notes:

SOUTH AFRICA. 5 Shillings, 1892. PCGS Genuine--Cleaned, AU Details Gold Shield.
KM-8.1; Hern-Z37. Mintage: 14,000. Single Shaft variety. Cleaning is revealed by the slightly glossy look of the reverse. All details are bold with luster remaining in the protected areas.

There are two major varieties for the 1892 5 Shillings, "Single Shaft" and "Double Shaft". Both were designed by Otto Schultz and tell a very interesting story. With presidential elections closely approaching, President Kruger desperately wanted to release new coinage into circulation as soon as possible; however, at this time the Pretoria mint was still under construction. Kruger, not wanting to wait, contracted with the Royal Prussian Mint in Berlin to produce the first series of coinage. This proved to be a mistake that nearly cost Kruger the election.

Estimate: $120.00- $200.00