Undated (1900) Machadodorp Blank South African Pond
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Undated (1900) Machadodorp Blank South African Pond:
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.