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Kruger Ponds are South African gold coins struck in the years before the Second Boer War from 1892 to 1900, capitalising on the vast quantities of gold entering the Transvaal Republic following the Witwatersrand Gold Rush.
The obverse of the 1892 Pond features a portrait of South African politician Paul Kruger by Otto Schultz, with an inscription that reads 'ZUID AFRIKAANSCHE REPUBLIEK'. This effigy was later used on the Krugerrand.
The arms of the South African Republic (Transvaal) appear on the reverse of this coin. The scroll beneath reads 'EENDRAGT MAAKT MAGT' ('unity makes strength') and the words '1 POND ⋆ 1892 ⋆' are shown above.
Kruger Ponds were produced to the same specifications as British gold Sovereigns, with each coin originally struck in just under eight grams of 22-carat gold. Ponds measure 22 millimetres in diameter and feature a milled edge.
This historic ZAR coin was minted as currency. Records indicate that just 15,640 gold 1 Pond coins were struck in 1892, making this the lowest mintage issue as well as the first in the short-lived series and thus highly collectable.