1968 Double Sided Frosted Proof Krugerrand.
How much is a 1968 Proof Krugerrand worth?
| Hern's Number | K3 |
| 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 | 500 to 1044 |
| Mintage UNC/Bullion | As the Single sided Proof. |
| Weight | 33.9305 gm |
| Gold Weight | 31.1 gm 1 Oz |
| Gold Content | 91.667% |
| Copper Content | 0.0833 |
| Reeding | Coarse |
| Certificate of Origin | No |
| Frosted | Both Sides. |
| Best Known | PR68 |
The 1968 double sided frosted Proof Krugerrand was supposed to be the minted Proof Krugerrand of that year. However a mistake was made and the mint produced 9000 to 9500 of the single frosted Krugerrand with only the Springbok being frosted.
Later, 500 to 1000 of the correct version were minted. Some of the double sided Proof Krugerrands were not of a high enough quality to be accepted as a Proof and were rejected as proofs so very few double sided Proof Krugerrands existed. Only around 100 have been recorded as being certified.
Another strange phenomena was that the 1968 and 1969 Proof Krugerrands were still being offered to the public in 1972 by the SA mint.
However by 1976 the 1968 double frosted Proof Krugerrand was selling for R3500 whilst bullion Krugerrands were selling for R141.00.
The interest in Proofs came about by the Mint restricting the sales of Proofs. In 1973 the demand was so high for Proof Krugerrands that subscribers could only buy 5 Proof Krugerrands. By 1975 the allocation was only 1 per subscriber.