Watch List notes:

South Africa, ZAR, blank pond, engraved, dated 1900 by hand, with raised rim to both sides, COINED / BY BOERS / AT / MACHADODORP / 1900, place name with twin curved lines above and below, rev. blank, wt. 7.94gms. 21.6mm.(cf Hern Z56; Kaplan 22), very fine, as made and very rare
*ex The Bentley Collection, A.H. Baldwin & Son, auction 76, lot 913, with original lot card
ex W V Royle Baldwin collection, purchased via A H Baldwin & Son, 2006.
(600-900 GBP)