1978 Proof Krugerrand.
|Designer||CLS Coert Steynberg|
|Size Diameter||32.61 to 32.77 mm|
|Thickness||2.74 to.2.97 mm|
|Gold Weight||31.1 gm 1 Oz|
|Certificate of Origin||No|
1978 was the largest ever mintage figures for the Bullion Krugerrand, over 6 million were produced. Only 10000 Proof Krugerrand were minted.
Only 7% of all Proof Krugerrand were subscribed for by collectors from outside of South Africa. This is possibly the reason for the low mintage of Proof Krugerrand. From 1978 onwards to 1987 the mintage of Proof Krugerrand increased as they were becoming an internationally known Proof gold coin by collectors. The encapsulation of Proof Krugerrand by the South African Gold Coin Exchange helped the internationalization of the Proof Krugerrand.
All Proof Krugerrand should be supplied with a SA Mint box,an SAGCE enclosure or be Slabbed certified from NGC or other certificate slabbing company. There was no COA Certificate of Origin certificates supplied in 1978.
It can be very difficult to remove the Proof Krugerrand from the SAM box. The best way is to cup your hand and "slap" the box into the cupped hand. Only touch the Proof Krugerrand with soft cloth gloves.
In years to come these Proof Krugerrand will be extremely rare. A full set would be very difficult to accomplish.