Proof Gold Krugerrand
Should you buy a proof gold Krugerrand? What's so special about a proof? The South African mint first stamped out Krugerrands on gold blanks from the Rand Refinery in 1967. Both proof gold Krugerrands and uncirculated coins were released- however it was hard the general public to tell which was a proof gold krugerrand and which was not because they both both had a mirror finish. This sent the mint back to the drawing board to find some way to differentiate a proof from the other coins. In 1968 they tried two variations- a frosted finish on one side, mirrored on the other, and a dual frosted finish. They also upgraded the number of reeds (indentations along the diameter of a coin)
 SOUTH AFRICA 2005 TREASURES OF AFRICA 1 OZ PROOF KRUGERRAND GOLD COIN SET $1,729.95 Time Remaining: 1h 15m |  SOUTH AFRICA 1985 ONE OUNCE PROOF KRUGERRAND GOLD COIN AS SHOWN W BOX $1,749.95 Time Remaining: 1h 17m |  SOUTH AFRICA 1981 ONE OUNCE PROOF KRUGERRAND GOLD COIN AS SHOWN W BOX $1,749.95 Time Remaining: 1h 27m |
 SOUTH AFRICA 40TH ANNIVERSARY 2007 GOLD KRUGERRAND 4 PIECE PROOF SET W BOX $3,249.95 Time Remaining: 1h 36m |  SOUTH AFRICA 1983 1 2 OUNCE PROOF KRUGERRAND GOLD COIN AS SHOWN W BOX $864.95 Time Remaining: 2h 53m |  SOUTH AFRICA 1981 1 2 OUNCE PROOF KRUGERRAND GOLD COIN AS SHOWN W BOX $864.95 Time Remaining: 2h 55m |
 1oz COIN SOUTH AFRICA GOLD PROOF FULL KRUGERRAND $1,432.77 (24 Bids) Time Remaining: 1d 2h 38m |  1oz COIN SOUTH AFRICA GOLD PROOF FULL KRUGERRAND $1,375.00 (8 Bids) Time Remaining: 1d 3h 41m |  1oz COIN SOUTH AFRICA GOLD PROOF FULL KRUGERRAND $1,146.83 (9 Bids) Time Remaining: 1d 4h 46m |
from 180 to 220 on the proofs (an interesting sidenote on the reeds- in 1977 they produced a variation on the proof, one with 188 reeds). Like any gold coin, it is important to buy from a reputable seller. You can also look for certification paperwork from organizations like the South African Gold Coin Exchange (SAGCE) or the Numismatic Guaranty Corporation (NGC), who also frequently seal proofs in protective plastic.
So what makes a proof special? "Proof" is not so much a grade applied to a standard coin, but a term to define coins that have had special treatment in their preparation. For example the proof gold Krugerrand coin blanks are specially polished prior to striking. Areas of the presses may be sandblasted or polished depending upon the finish they are looking for on the final coin. The operators of the presses typically hand load the blanks. The blanks are struck twice (double struck) to give a perfect, more vivid image. They are typically certified, sealed in plastic alone or in gift sets, and sold to collectors, rather than gold investors. If you are looking to buy a proof gold Krugerrand we have a selection below for you. Before you buy a Krugerrand we recommend you check the current gold Krugerrand price and bid accordingly. If you'd like to see more auctions, just enter 'proof Krugerrand' in the box at the bottom of the page and you'll see a list of all the current auctions.
Proof Krugerrands can be purchased individually and in sets in the distinctive "Red Box" from the South African mint, along with a certificate of authenticity. A proof gold Krugerrand is different, distinctive, and treasure to own.
Comments on this entry are closed.