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Kruger Ponds were struck in Pretoria from 1892 to 1900, produced during the prosperous years before the Second Boer War, when the South African Republic was enriched by the gold discoveries of the Witwatersrand.
1895 Ponds feature an instantly recognisable portrait of statesman Paul Kruger by Otto Schultz on their obverse, later used on the Krugerrand series. The surrounding inscription reads 'ZUID AFRIKAANSCHE REPUBLIEK'.
The reverse displays the coat of arms of the South African Republic (Transvaal Republic) with 'EENDRAGT MAAKT MAGT' to the scroll below and '1 POND ⋆ 1895 ⋆' above. This motif was also engraved by Otto Schultz.
Kruger Ponds were struck to the same specification as British gold Sovereigns in around 7.9 grams of 22-carat gold. Surviving examples may be a very slightly lighter due to normal wear and tear over the centuries.
Historical records suggest that some 336,000 gold 1 Pond coins were struck at the Pretoria mint in 1895. Originally made for circulation, these South African coins now occupy a dual role as bullion and desirable numismatic pieces.