FSH: 1898 Double 9 South Africa 1 Pond MS63 NGC

Cameo CC

I am working to market this 1898 Double 9 South Africa 1 Pond MS63 NGC.

Here is the story on this coin.
The year 1899 proved to a pivotal one in South African history. The region now known as South Africa was actually a series of individual states that were goberned by the British. Two of the more powerful states (known collectively as the "Zuid Afrifaan Republiek" - ZAR) attempted to secede from the British Empire in the late 19th century. They formed a government, elected a President (Paul Kruger) and began coining their own money. The most important of these coins were the gold 1 Pond specimens which were struck from 1892 to 1900. The British hated the ZAR's independent coinage because it was a physical sign of the colony's perceived separation from the crown.

Though gold Pond coins were struck in South Africa, the dies needed to strike them were produced by the Royal Prussian Mint (Germany) and sent to the mint in Pretoria, South Africa. In, 1899, the ZAR took control of all the gold mines in the state. The seizure of these mines ignited a strom cloud over the region and a war with Great Britian began, known today as the Anglo-Boer War. In an effort to delegitimize the ZAR, British troops intercepted the German-made 1899-dated dies for the 1 Pond. this seizure deprived the ZAR of a die to strike the 1899 1 Pond.

Not to be curtailed, a furious President Paul Kruger ordered mint assayers to strike 1899 deted 1 Ponds by counterstamping two nines on the obverse of an 1899-dated 1 Pond. Only 130 pieces pf the counterstamped Ponds were produced.

Although the "Double Nine" never went into mainstream production, it was a physical reminder to the outside world that the ZAR remianed, even as "its British oppressors" attacked it. Today, this coin is seen as a symbol of national independence.

When the famous Krugerrand series was released in 1967, the image used on the obverse of the K-rand was nearly identical to that used on the obverse of the 1 Pond series. It is for this reason that the 1 Pond is truly the "Grandfather of the Krugerrand.:

NGC has graded on 9 of these coins and only two are in MS63 - none higher.

We are looking for somewhere between $160,000 to $200,000 for this coin.

You can call me if you have an interest in the coin at 800.954.0270.

Todd Abbey

coinpictures

Lemme check my change purse.... nope.

Or maybe that price is in Italian Lire?

ccrdragon

I have an interest in the coin but I ain't got that kinda funding.... still want that call????

Cameo CC

TTT

Todd

wybrit

Not quite on topic, but I put up an 1869 British penny for £100,000 on ebay a while back. I got a lot of hits on the auction as internet posters worldwide wondered how I could ever dare do that (it was 5p listing day, that's why I dared). Of course, I really wasn't interested in parting with the coin. It was very entertaining to read the handwringing emails and posts!!

wildjag

Where are the photos of the coin

1jester

Todd, good luck finding a buyer at that price range. Have you looked into the idea of consigning the coin at a major auction house?

spinaker2000

good funding luck indeed!!

IlikeZARcoins

Is the coin still available or did some lucky fellow snap it up ?

A few pics would be appreciated.