Information on 1968 Double Sided Frosted Proof Krugerrand.

1968 Double Sided Frosted Proof Krugerrand

The 1968 Double Sided Frosted Proof Krugerrand was originally intended to be the official Proof Krugerrand of that year. However, due to a minting error, 9,000 to 9,500 of the single-sided frosted Proof Krugerrand were produced instead, where only the Springbok was frosted.

Later, 500 to 1,000 of the correct Double Sided Frosted Proof Krugerrands were minted. Some of these coins did not meet the Mint's quality standards and were rejected as Proof coins, making them exceptionally rare. To date, only around eight have been recorded as being certified.

Another unusual event was that both 1968 and 1969 Proof Krugerrands were still available for purchase from the South African Mint in 1972. However, by 1976, the 1968 Double Frosted Proof Krugerrand was selling for R3,500, while bullion Krugerrands were only R141.00.

Interest in Proof Krugerrands grew significantly due to the Mint’s decision to limit sales. By 1973, demand had surged to the point where collectors were limited to purchasing only five Proof Krugerrands each. By 1975, the allocation had dropped to just one per subscriber.

How Much is a 1968 Double Sided Frosted Proof Krugerrand Worth?

Since the value of bullion Krugerrands is closely tied to the price of gold, it is difficult to determine an exact price for a 1968 Double Sided Frosted Proof Krugerrand. However, a good estimate for a 1968 Proof Krugerrand is approximately 105% of the gold price, depending on condition and certification.