AFRIKA PROOF FYNGOUD
1968 FROSTED REVERSE

Owner Comments:

The Mint decided to mint the 1968 Proof Krugerrand with both sides being frosted. By mistake 9000 to 9500 Proof Krugerrands were minted with a plain bust. So only 500 to 1000 correct versions 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 as Proofs by NGC. Many of these may actually be the frosted reverse variety because NGC did not recognize the frosted reverse until 2010 so many of the 100 double sided are actually frosted reverse. Frosted reverse is the official NGC listing for the plain bust variety.
Another strange phenomenon was that the 1968 and 1969 Proof Krugerrands were still being offered to the public by the mint in 1972. However by 1976 the 1968 double frosted Proof Krugerrand was selling for R3500 while bullion Krugerrands were selling for R141.00. In Feb 2014 a real double frost coin was offered for sale on E-Bay for $5,000. Did not sell but reflected the real value of this coin.