1976 introduced a significant change to the Proof Krugerrand series. The thickness tolerance was adjusted from the previous 2.87–2.972 mm to a new range of 2.74–2.972 mm, making this year distinct in terms of specifications.
The South African Mint minted approximately 3 million Bullion Krugerrands in 1976. However, Proof Krugerrands remained scarce, with only 6,600 Proof coins produced.
Since the value of bullion Krugerrands is closely tied to the price of gold, determining an exact price for a 1976 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 1976.
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.
1976 | Information |
---|---|
Hern's Number | K11 |
Krause-Mishler Number | KM73 |
Designer | CLS Coert Steynberg |
Diameter | 32.61 to 32.77 mm |
Thickness | 2.74 to 2.97 mm |
Mintage (Proof) | 6,600 |
Mintage (UNC/Bullion) | 3,011,545 |
Total Weight | 33.9305 g |
Gold Weight | 31.1 g (1 oz) |
Gold Purity | 91.667% |
Copper Content | 8.333% |
Reeding | Coarse |
Certificate of Origin | No |
Frosted Features | Yes |
Best Known Grade | PR69 |