South African Gold question.....

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  trozau Posts: 3,455 ✭✭✭

  November 29, 2005 9:30AM

  
  
  << <i>Eg. 1892, Paul Kruger Half Pond Double Shaft (Krause Mishler 9.1) Scarce aUnc Est: AUD$400
  
  
  
  Hammer Price:$4,400 plus Buyers Comission. >>
  
  
  
  

  trozau (troy ounce gold)

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  1jester Posts: 8,637 ✭✭✭

  November 29, 2005 5:14PM

  Isn't the double shaft the scarcer version? Plus this is the first year, and it's in premium grade---a very rare coin. I'm not surprised at the hammer price.
  
  Could you give us other examples of early Z.A. gold pieces? Thanks.
  
  

  .....GOD
  
  
  "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
  
  "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
  
  "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22

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  ccrdragon Posts: 2,697 ✭

  November 29, 2005 9:48PM

  The double shaft was actually an error in the die creation - the person who carved the die did not know that the standard wagon in ZA only had 1 shaft. When Kruger saw the coins he was very upset and halted production after only a few thousand had been minted. This is true for both the gold coins and for the 5 shilling coin.
  
  As to price, I am a little shocked, but only a little. I don't know who did the estimates on the coin but they really did not have much of a clue as to the value of this piece. I have seen examples of the single shaft wagon in much worse condition selling on the bay for close to the estimated price of this piece. This is a premium speciman with minimal wear (hard to find) and a very limited mintage and survival rate.
  
  Just as a side note, the double shaft wagon will only be found on the first year issues - since Kruger was so upset about the double wagon problem, I believe that the minting of the ZA coins was moved from one mint to another (don't have my reference handy so I am not sure about the minting, but I am sure that the only year that had the double shaft was the 1892 issues and only on the gold and 5 shilling peices).

  Cecil
  Total Copper Nutcase - African, British Ships, Channel Islands!!!
  'Do not meddle in the affairs of dragons, for you are crunchy and taste good with ketchup'

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  Cruzi Posts: 460

  November 30, 2005 9:48PM

  Oooops!
  
  Sry peeps, actual hammer price was $2,400, apologies.
  
  Prices realised are here
  
  Catalogue

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  ccrdragon Posts: 2,697 ✭

  December 6, 2005 12:15AM

  Cruzi - to illustrate a point - one of these on the bay (for a double shaft AU version) finished at $1426 on Sunday:
  
  Linky

  Cecil
  Total Copper Nutcase - African, British Ships, Channel Islands!!!
  'Do not meddle in the affairs of dragons, for you are crunchy and taste good with ketchup'

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  1jester Posts: 8,637 ✭✭✭

  December 6, 2005 2:45AM

  That ebay coin sure looks hairlined to me!
  
  

  .....GOD
  
  
  "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
  
  "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
  
  "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22

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  ccrdragon Posts: 2,697 ✭

  December 6, 2005 4:12AM

  me too - I think NGC was very generous with the grade on that one...

  Cecil
  Total Copper Nutcase - African, British Ships, Channel Islands!!!
  'Do not meddle in the affairs of dragons, for you are crunchy and taste good with ketchup'

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