Information on 1971 Proof Krugerrand.

1971 Proof Krugerrand

The 1971 Proof Krugerrand had the highest mintage up to that date. Over 500,000 ounces of Gold Krugerrands were minted in total, with the South African Mint producing 6,000 Proof Krugerrands.

This year marked a turning point in the popularity of Krugerrands, as they became more widely recognized as investment coins. The 1971 Proof version remains highly sought after due to its historical significance and relative scarcity.

How Much is a 1971 Proof Krugerrand Worth?

Since the value of bullion Krugerrands is closely tied to the price of gold, determining an exact price for a 1971 Proof Krugerrand can be difficult. However, a reasonable estimate is approximately 105% of the gold price.

All Proof Krugerrands should be accompanied by an SA Mint box, an SAGCE enclosure, or be certified and slabbed by NGC or another grading service. There were no Certificate of Origin (COA) documents issued for Proof Krugerrands in 1971.

In the coming years, these early Proof Krugerrands will become extremely rare. As more collectors seek to complete their sets, assembling a full collection will be increasingly difficult. Well-preserved examples in PR69 condition command a premium in the collector’s market.