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GROOVIE COINS

Lost Kruger millions

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GROOVIE COINS

It seems like a hoard of Kruger ponde has been discovered from a vault in Switzerland and has been acquired by the South African Mint.

They will be releasing these coins as part of a sets with fractional krugerrands along with other numismatic pieces like replica money bags and booklets etc.

https://www.businessinsider.co.za/take-a-look-kruger-millions-discovered-in-a-swiss-vault-and-now-for-sale-2021-2

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jwither

Interesting

Checked the NGC census but don't notice any real difference, as I cannot remember the counts from my prior review.

910 coins (presumably 233 + 677) is a modest hoard (by US standards) but depending upon the grades, has the potential to noticeably alter prior market value, since the market is so thin

Plenty of US pre-1933 gold has been found in Europe and sent back to the US.  Several recent treasure ship salvage operations have increased the supply for certain dates noticeably too, such as the 1857-S $20.

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Pierre_Henri

The "Lost Hoard" is all over the news now, but Professor Francois Malan already reported it in 2019 in his excellent book,  Kruger's Gold- The history of the Transvaal Gold during and after the Boer War.

He says that although it is tempting to speculate that this hoard is part of the Kruger Millions, the early dates (e.g. 1893 and 1894) and the worn condition of some coins may indicate a different source. A few of the coins were also removed from jewelry. It was popular after the war to mount these coins in jewelry and a few coins of the coins therefore came from that source.

He says " ... it appears more likely that the "Lost Hoard" belonged to individuals, a bank or company that moved these coins to Europe during the early part of the Boer War or after the war. There is also the possibility that that it consisted of a number of different parcels or separate coins that were assembled by a bank or banks soon after the war and this parcel was never melted down. The coins mounted in jewelry provide evidence that it same from different sources"

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