i have an 1898 gold krugerrand coin in the back it has 1 pond what is a pond? Also in the back it has a cross?

1. 00 British Pound = 1. 96 U. S. Dollars

1 pound is 1. 96 in dollars

to a coin collector it might be worth something

give Squires best answer,cause that’s the correct answer

There’s no such thing as an “1898 Krugerrand”. The real Krugerrand South African coin wasn’t issued until the 1970s. A real Krugerrand has the profile of Paul Kruger on the front and an antelope (actually, a springbok) on the back.

What you’ve got must be some kind of souvenir or commemorative coin. It’s not actual money.

You may have a gold coin from 1898. It should have some other writing that indicates the country of origin or maybe the monarchy. It is apparently denominated in Rands.

With this information you can go to the reference section of a library and find a big thick book by Krause & Mishler called “A Reference Book to World Coins” or something like that and you can find the coin listed there along with a value.

There is a 1 Pond gold coin from South Africa, which may or may not be the coin you are describing, but that’s the closest match I could come up with. The Pond is an obsolete unit of currency in South Africa, which corresponded to the position of the British Pound in Great Britain’s monetary system. 1 Pond was worth 20 Shillings, which in turn were worth 12 pence, and the 1 Pond gold coins contained the same amount of actual gold weight as the British Sovereign: approximately 0. 235 Troy ounces, or just under 1/4 of a Troy ounce (worth in gold alone about $215 today).

The legend on the obverse side, featuring Paul Kruger’s bust, of this South African coin is “ZUID AFRIKAANSCHE REPUBLIEK. ” On the other side, the reverse, is the legend “1 POND * 1898″, with the seal of South Africa in the center: at its center, containing three designs of a lion, a soldier with a long firearm, and a wagon. It’s cataloged as KM-10. 2 in Krause and Mishler’s 1999 edition of the Standard Catalog of World Coins.

You can see some small photos here:

http://www. numismaster. com/ta/inside_numis2. jsp?page=PriceGuideInfoDenom

and a larger set of photos in this auction catalog, via Google Books:

http://books. google. com/books?id=vY4vvxflNcQC&pg=PA136&lpg=PA136&dq=1+pond+km-10. 2&source=web&ots=YzQiJYSitC&sig=bOfMXKIUKeEUWOnBkMobwe96Z6Q&hl=en

There are some imitations of this coin in brass (which can be gold-colored) and bronze:

http://www. wbcc. fsnet. co. uk/aftsou2. htm

This coin does *not*, to my knowledge, feature the legend “RAND” anywhere on it, even in the small legends that appear below the South African shield on reverse. The Rand was a modern unit of currency used in South Africa beginning in 1961. As noted in another answer, the Krugerrand was a bullion gold coin first minted in 1967, and all Krugerrand coins, including the smaller fractional coins, prominently display the legend “KRUGERRAND. ”

If this *isn’t* the coin you have, then it may be:

* An imitation: a medal, token, “fantasy” coin, or some other unofficial piece.
* A “pattern” or trial coin, although I didn’t see one listed for this denomination and date in Krause and Mishler.

If you can post photos – to Flickr, Photobucket, or another free photo hosting service – that might help get a good identification.