The Veld Pond
Staatsmunt te Velde, 1902 · The Republic’s last gold coin.
By 1902 the South African Republic was fighting for survival. Its last act of statehood was a coin — struck by a mobile mint in the field, and linked, by mountain tradition, to Kaapsche Hoop.
By 1902 the South African Republic was fighting for survival. Pretoria had fallen, British forces controlled much of the Republic’s infrastructure, its departments had scattered across the countryside, and the official mint was gone. Yet one final act of statehood remained.
A coin born in wartime
Republican leaders authorised a mobile wartime mint — the Staatsmunt te Velde, the State Mint in the Field. Working under extraordinary conditions, a small team produced one of the most famous coins in South African history: the 1902 Veld Pond. One side bore the inscription S.A.R. 1902; the other, Een Pond. Minted during wartime collapse, it represented far more than currency — it was a final assertion of Republican sovereignty as the state itself retreated.
A coin that outlived the Republic
The Peace of Vereeniging, which ended the Anglo-Boer War, was signed on 31 May 1902. Yet the final Veld Pond was struck on 7 June 1902. For one brief week, the Republic’s last gold coin outlived the Republic itself. The government was gone, the war was over — yet the mint continued.
Few objects capture the final days of the South African Republic more powerfully than a coin struck after the state that created it had already ceased to exist.The 1902 Veld Pond
The Kaapsche Hoop connection
The Veld Pond was not made here. It was struck at Pilgrim's Rest, in the workshop of the Transvaal Gold Mining Estate, by a team working in the field — Field Cornet A.G.E. Pienaar as officer in charge, project leader G.E. Waldeck, the Irish-American assayer M.J. Cooney who purified the gold, the blacksmith W.G. Reid and the smelter Dick Graham, under Generals Ben Viljoen and, later, Chris Muller.
Kaapsche Hoop's link is nonetheless a real one: the man who designed and engraved the coin, Philippus Johannes Kloppers, had taught at the Kaapsche Hoop school before the war. For much of the twentieth century Kloppers was remembered as the mint's leader — a claim he made himself in many interviews — but the documented record shows he was the coin's artist, appointed nominal "Head of the Field Mint" only on 5 May 1902, in its final days.
How many were struck? No one knows for certain. Those present disagreed — General Muller said about 525, the assayer Cooney about 530, Kloppers claimed 986. Treasurer W.J.H. Barter's own certificate (below) records "only 560"; modern archival research points to roughly 600–670.
Whether any Veld Ponde ever passed through Kaapsche Hoop itself remains a separate, open question — unproven by documents, and surviving as a mountain tradition rather than established fact.
Why the Veld Pond matters
The Veld Pond is more than a rare gold coin. It is the closing object of a state’s history — a last assertion of sovereignty in the field. Like many stories from the Anglo-Boer War, some questions remain unanswered. Kaapsche Hoop still keeps a few of its secrets.
Sources: R. Landman, "Veldpond: The True Facts, Pilgrim's Rest 1902" (2010), veldpond.co.za; Pierre H. Nortje, "How Many Gold Veld Ponde of 1902 Were Actually Minted?" (I N Collectables, 2021); J.T. Becklake (1934). Barter certificate shown by permission.