Information on 1974 Proof Krugerrand.

1974 Proof Krugerrand

1974 marked a turning point for the Krugerrand. This was the year when Krugerrands gained wider acceptance, as American citizens were finally allowed to own gold bullion coins. Consequently, demand surged, and over 3 million bullion Krugerrands were minted. Despite this, only 6,352 Proof Krugerrands were produced that year.

Important: 1974 Proof Krugerrands do not fit in a Fisch scale.

How Much is a 1974 Proof Krugerrand Worth?

Since the value of bullion Krugerrands is closely tied to the price of gold, determining an exact price for a 1974 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 1974.

Removing a Proof Krugerrand from its SA Mint box can be challenging. The best method is to gently cup your hand and slap the box into your cupped palm. Always handle a Proof Krugerrand with soft cotton gloves to avoid fingerprints or damage.

In the coming years, these early Proof Krugerrands will become extremely rare. Completing a full set will be increasingly difficult as collector demand rises.