Proof Krugerrands.

1968 Double Sided Frosted Proof Krugerrand.

How much is a 1968 Proof Krugerrand worth?

Hern's Number K3
Krause-Mishler Number KM73
Designer CLS Coert Steynberg
Size Diameter 32.61 to 32.77 mm
Thickness 2.87 to.2.97 mm
Mintage Proof 500 to 1044
Mintage UNC/Bullion As the Single sided Proof.
Weight 33.9305 gm
Gold Weight 31.1 gm 1 Oz
Gold Content 91.667%
Copper Content 0.0833
Reeding Coarse
Certificate of Origin No
Frosted Both Sides.
Best Known PR68

The 1968 double sided frosted Proof Krugerrand was supposed to be the minted Proof Krugerrand of that year. However a mistake was made and the mint produced 9000 to 9500 of the single frosted Krugerrand with only the Springbok being frosted.

Later, 500 to 1000 of the correct version were minted. Some of the double sided Proof Krugerrand were not of a high enough quality to be accepted as a Proof and were rejected as proofs so very few double sided Proof Krugerrand existed. Only around 8 have been recorded as being certified.

Another strange phenomena was that the 1968 and 1969 Proof Krugerrand were still being offered to the public in 1972 by the SA mint.

However by 1976 the 1968 double frosted Proof Krugerrand was selling for R3500 whilst bullion Krugerrand were selling for R141.00.

The interest in Proofs came about by the Mint restricting the sales of Proofs. In 1973 the demand was so high for Proof Krugerrand that subscribers could only buy 5 Proof Krugerrand. By 1975 the allocation was only 1 per subscriber.