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Undated (1900) Machadodorp Blank South African Pond For Sale
SOUTH AFRICA Zuid Afrikaansche Republiek Blank Gold
Pond with Rim (Machadodorp Pond). Released in 1900 to pay Afrikaaner troops fighting the British. To assist with the shortage of coins which occurred at the beginning of the war,
‘blanks’ which had been removed from the ZAR mint were placed into circulation. According to P.J. Kloppers (the mint master), these blanks were not issued as
currency until after the ‘Government on wheels’ (President Kruger and his
administration moving away from encroaching British by rail) passed through
Machadodorp en-route to Hectorspruit. After all the minted coins had been used,
some of the blanks were used to pay troops. Others were used in exchange for
Krugerponds and English Sovereigns with loyal burghers (citizens and farmers). In addition to the paying the troops, supplies, produce and sheep had to be
bought from local farmers and black Africans. The black people only had
confidence in English Sovereigns. These blanks were coins at the very early
stages of coin manufacture. Prior to any coins being minted, blanks are
produced, prepared and then stamped. Many of these blanks had a raised rim and
others had no rim at all. The blanks with a rim were at a more advanced stage of
coin manufacture then those without. The next process for the blanks with rims
would have been their stamping by the mint dies, creating a complete coin.
The Kaalponde that had no rims were referred to as the ‘Lydenburg
Blanks’ and the Kaalponde with rims were referred to as the ‘Machadodorp Blanks’.
Gold is currently $1,681 per ounce giving this coin (.2354 FTO) a bullion value alone of $396.
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Undated (1900) Machadodorp Blank South African Pond: $1,435