In 1891, Paul Kruger was up for the presidential elections. He had an idea to win the election - he introduced coins that had his image on them which he thought would make people perceive him as a serious candidate for the presidency. When he set out to do this, he had no idea that this would nearly cost him his election, as the coins came back from the Imperial German (Kaizer) Mint in Berlin with two errors that deeply offended the boers.
Error 1) the designer Otto Schultz, placed his initials “OS” on the coin, which in Afrikaans translates to “Ox”.
Error 2) the wrong depiction of the Voortrekker wagon. The actual wagon has a single hitching shaft at the front, with larger rear wheels. However, Schultz depicted a double shaft and equally sized wheels. This did not please the boers.
The corrected ponde were struck without any changes from 1893 – 1900. Known as “1892 single shaft” Kruger pond. The single shaft pond, which is the correct version, is more sought after and therefore more valuable than the double shaft. Hardly any of these original coins exist today, having been lost or damaged over time.
In 1892, the first half pond was minted. Both the single shaft and double shaft were also coined in the 1892 Half Pond, however the number produced is unrecorded. But where the single-shaft variety is rare in the 1892 Pond, in the case of the Half Pond it is unique. It has been recorded that a total of 10 double-shaft half ponds have been graded.
Also unknown is the quantity of half-pond coins struck in 1893, while only 28 have been graded. These coins are extremely rare and very expensive. The owners of these sets, like with all numismatic rarities, have been in the fortunate position to set their own prices when they have wished to sell.