The Krugerrand Proofs were released as individual 1987 1-ounce Proof Krugerrand, 1/2-ounce Proof Krugerrand in SAM Cases, while the 1/4-ounce and 1/10-ounce Proof Krugerrands were issued together in what was known as a pair SAM case.
From 1987 to 1991, some Proof Krugerrands were minted at Gold Reef City. The initials GRC, which stand for Gold Reef City, are found above the "FYN" in "FYNGOUD."
These coins were minted using the original OOM PAUL Press, which was relocated to the Gold Reef City Mint. A total of 1,650 Gold Reef City Proof Krugerrands were minted in 1987. There were no GRC Bullion Krugerrands minted.
One ounce 1987 Proof Krugerrand
Since the value of bullion Krugerrand coins is closely tied to the price of gold, it is difficult to determine the exact price of a 1987 Proof Krugerrand. However, a reasonable estimate for a 1987 Proof Krugerrand would be about 105% of the gold price. It is worth considerably more when part of a fractional Proof Krugerrand set.
1987 | Information |
Hern's Number | K22 |
Krause-Mishler Number | KM73 |
Designer | CLS Coert Steynberg |
Size (Diameter) | 32.61 to 32.77 mm |
Thickness | 2.87 to 2.97 mm |
Mintage (Proof) | 12,000 |
Mintage (UNC/Bullion) | 111,150 |
Total Weight | 33.9305 gm |
Gold Weight | 31.1 gm (1 Oz) |
Gold Content | 91.667% |
Copper Content | 8.33% |
Reeding | Coarse |
Certificate of Origin | No |
Frosted | Yes |
Best Known Grade | PR69 |
Half ounce 1987 Proof Krugerrand
A total of 5,389 half-ounce Proof Krugerrands were minted in 1987. These coins are considered common and typically valued at approximately 1.05 times the gold melt value.
1987 | Information |
Hern's Number | KH8 |
Krause-Mishler Number | KM107 |
Designer | CLS Coert Steynberg |
Diameter | 26.93 to 27.07 mm |
Thickness | 2.115 to 2.215 mm |
Mintage (Proof) | 5,389 |
Mintage (UNC/Bullion) | None |
Total Weight | 16.966 gm |
Gold Weight | 15.55 gm (1/2 oz) |
Gold Content | 91.667% |
Copper Content | 8.33% |
Reeding | Fine |
Certificate of Origin | No |
Frosted | Yes |
Best Known Grade | PR69 |
Quarter-ounce 1987 Proof Krugerrand
A total of 6,050 quarter-ounce Proof Krugerrands were minted in 1987. These coins are considered common and typically valued at approximately 1.1 times the gold melt value.
1987 | Information |
Hern's Number | KQ8 |
Krause-Mishler Number | KM106 |
Designer | CLS Coert Steynberg |
Diameter | 21.94 to 22.06 mm |
Thickness | 1.788 to 1.888 mm |
Mintage (Proof) | 6,050 |
Mintage (UNC/Bullion) | None |
Total Weight | 8.483 gm |
Gold Weight | 7.775 gm (1/4 oz) |
Gold Content | 91.667% |
Copper Content | 8.33% |
Reeding | Fine |
Certificate of Origin | No |
Frosted | Yes |
Best Known Grade | PR69 |
Tenth-ounce 1987 Proof Krugerrand
A total of 6,065 tenth-ounce Proof Krugerrands were minted in 1987. These coins are considered common and typically valued at approximately 1.1 times the gold melt value.
1987 | Information |
Hern's Number | KT8 |
Krause-Mishler Number | KM105 |
Designer | CLS Coert Steynberg |
Diameter | 16.45 to 16.55 mm |
Thickness | 1.25 to 1.35 mm |
Mintage (Proof) | 6,065 |
Mintage (UNC/Bullion) | 59,465 |
Total Weight | 3.393 gm |
Gold Weight | 3.11 gm (1/10 oz) |
Gold Content | 91.667% |
Copper Content | 8.33% |
Reeding | Fine |
Certificate of Origin | No |
Frosted | Yes |
Best Known Grade | PR69 |