1898 South African Republic Paul Kruger One Pond Gold Coin
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Obverse
Otto Schultz' portrait of President Paul Kruger, facing left. Legend around reads: 'ZUID AFRIKAANSCHE REPUBLIEK'.
Reverse
Arms of the South African Republic with '1 POND · 1898 ·' above and the words 'EENDRAGT MAAKT MAGT' on a scroll below. Engraver: Otto Schultz.
Specification
Composition: 22 carat (916.7) gold. Weight: 7.98 grams. Actual gold weight: 7.31 grams. Diameter: 22.05 millimetres. Mintage: 136,870.
Grade
GF - Slightly uneven edge in two places, good bold details.
What are gold South African Pond coins?
1 Pond gold coins were issued by the South African Republic (also known as the Transvaal Republic) from 1892 until 1902. Currency in the Republic at the time was based on the Pound sterling but since these coins were inscribed in Afrikaans they read 'pond' rather than 'pound'. Gold Ponds - modelled closely on the specifications of the British 'full' Sovereign - bore a famous portrait of President Paul Kruger to the obverse and the arms of ZAR to the reverse.
Who was engraver Otto Schultz?
Otto Schultz was born in Berlin in 1848 and trained as an engraver and medallist in that city. He spent the late 1870s in London, working under William Wyon with who he collaborated on the Great Seal of Queen Victoria. Schultz is best known for his portrait of Boer statesman, Paul Kruger, who served as the fifth president of the South African Republic. This portrait was used on contemporary Transvaal coinage and was revived for the Krugerrand, an influential South African bullion coin, first issued in 1967.
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