April 12, 2024
1897 South Africa Gold One Pond SINGLE SHAFT Coin
Pricing & History
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1987 South African Gold One Pond Single Shaft coin. Weight: 8.0 grams. Some background info: /content/articles/SouthAfrica.asp: "This kind of vehicle traditionally had a single hitching shaft protruding from its front, and its rear wheels were much larger than the front ones. Schultz instead depicted it with a double shaft and wheels of equal size throughout. 10,000 half-pound coins were struck and 16,000 of the one-pound pieces. In addition, some 20-25 proofs of the half-pound were produced, while just 12-15 one-pound proofs were coined. These proofs were included in presentation sets and were probably distributed to figures who played some role in the creation of the Mint and its coinage. Reacting quickly, Kruger had the embarrassing error coins withdrawn and replaced with another issue of the same date but with the errors corrected. As people do with any coins which they believe will become rare, they hoarded the initialed, double-shafted coins in large numbers. This effectively ended their circulation, but it also made them more available to collectors of today than they might otherwise be. Both varieties of the pound and half pound were coined, but the number produced is unrecorded. The single-shaft variety is much more rare in each instance" Condition: Coin looks to be in very good condition. Comes from a non-smoking home.
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