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Kruger Ponds are South African coins, minted in Pretoria between 1892 and 1900, before the Second Boer War, taking advantage of the gold flooding into the Transvaal Republic in the wake of the Witwatersrand Gold Rush.
The obverse of the 1897 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 ⋆ 1897 ⋆' are shown above.
South African 1 Pond coins were minted to the same specification as a British Sovereign, meaning they were struck in just under eight grams of solid 22-carat gold and measure 22 millimetres from milled edge to milled edge.
These historic South African coins were originally struck as currency for the ZAR, with some 310,980 gold 1 Pond coins issued in the year 1897. Today, collectors value these coins as an important date in a short-lived series.