1892 Half Kruger Pond Double Shaft Proof
The Proof Double Shaft Half Pond is easily recognized by the two shafts depicted on the Voortrekker wagon. Historically, the actual Voortrekker wagon had only a single shaft (disselboom), which allowed for two oxen on either side. Additionally, this Proof coin includes the initials O.S. on the shoulder of President Kruger, representing the designer Otto Schultz.
Difference Between a Proof and an Uncirculated (UNC) Coin
- Sharper, more defined lettering and rim
- Perfectly formed stars
- More pronounced ribs on the wagon
1892 Proof Double Shaft Half Pond Forgeries
There does not appear to be a significant issue with forgeries due to the coin's extremely high production quality and limited mintage.
Coin Specifications
| Coin Specifications | |
|---|---|
| Hern's Number | Z38 |
| Krause-Mishler Number | KM#9.1 |
| Designer | Otto Schultz |
| Diameter | 19.4 mm |
| Thickness | 1.55 mm |
| Mintage | 20–25 |
| Weight | 3.994 gm |
| Gold Content | 3.661 gm |
| Copper Content | 0.333 gm |
| Best Known | PR65 |
1892 Proof Double Shaft Half Pond
| Sample Sales | ||
|---|---|---|
| USA Based Auction Sep 2015 | PF58 | US $22,325 |
| USA Based Auction Aug 2020 | NGC PF64 | US $31,200 |
| USA Based Auction Jan 2025 | NGC PF64 CAMEO | US $36,000 |
| USA Based Auction Jan 2025 | NGC PF64 CAMEO | US $18,000 |
The 1892 Double Shaft Proof Pond: A Rare Numismatic Masterpiece
The 1892 Double Shaft Proof Pond is one of the rarest and most revered coins in South African numismatics. Struck in extremely limited quantities as part of the inaugural ZAR coinage, this proof issue features the distinctive double shaft wagon design and was never intended for general circulation.
Its extreme rarity has made appearances at auction exceedingly rare, and when available, the coin consistently commands exceptional prices. In April 2011, a superbly preserved NGC MS65 example sold for $21,850—a figure that set the tone for future sales of this elusive type.
In September 2015, another NGC MS65 specimen fetched an outstanding $15,275, reaffirming collector demand for top-grade examples. Other pieces graded MS63 or lower have achieved prices ranging between $3,000 and $7,000 depending on condition and market timing. Notably, auction appearances in 2012, 2013, and 2024 have shown consistent interest, with collectors eager to secure any example that comes to market.
Unlike the more commonly encountered circulation-strike Double Shaft Ponds, these proof versions are extremely limited in number and represent an elite tier of collectability. They are considered a crown jewel in any advanced ZAR collection and continue to appreciate due to their scarcity, historical importance, and superior minting quality.
The 1892 Double Shaft Proof stands as a testament to the origins of South African coinage and remains one of the most desirable coins from the Kruger era. Its rarity ensures that every auction appearance becomes a headline event in the numismatic world.