1898 Kruger Pond Single Shaft

1898 Single Shaft Kruger Pond – Market Overview

The 1898 Kruger Pond is among the most frequently traded coins in the ZAR series. With a large number of surviving examples, this date appears regularly in U.S.-based auctions and has become a cornerstone for collectors and investors alike.

Due to the high volume of transactions, particularly in AU grades and below, this summary focuses exclusively on coins graded MS60 and higher, which better reflect collector demand and investment-grade value.

• MS61 to MS63: These are the most commonly encountered mint state grades, with prices typically ranging from $1,000 to $2,300.
• MS64: These examples generally sell between $2,000 and $4,000, depending on luster, strike quality, and overall eye appeal.
• MS65: Premium specimens have achieved prices of up to $7,050 (Oct 2013), with recent results still strong at $5,040 (Jan 2025).

Interestingly, it is widely believed that many of the coins dated 1898 were actually minted in 1900. Official records show that only 136,870 coins were struck in 1898, while 788,000 were reportedly minted in 1900—yet genuine 1900-dated coins are seldom seen. This discrepancy has led to the theory that most 1900 coins were struck using 1898 dies.

This makes the 1898 Kruger Pond not only highly available but also historically significant. Its broad availability in mint state and the likely backdated mintage make it a fascinating and accessible acquisition for collectors at all levels.