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You are asking about a One Pond coin from South Africa (KM#10.2). There were 235,000 such coins produced in 1896. The coin weighs 7.988 grams and is 91.6% gold, giving it an AGW (Actual Gold Weight) of 0.2352 troy ounces. With gold at (as of July 8, 2010) $1,192.00 per troy once, the "melt value" of the coin is US$280.36. Numismatically, according to the Standard Catalog of World Coins, the coin is not worth much over melt unless it is in Extremely Fine (US$325) or Uncirculated (US$600) condition, although those numbers may rise and fall some with the price of gold.

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