In 1984 the Royal Mint issued its second Pound coin and, for collectors, they also issued them in Proof Sterling Silver. It was the start of a four-coin series to honour the different parts of the United Kingdom. In this case, the 1984 issue had a thistle for Scotland on it. The obverse has the bust of Queen Elizabeth engraved by Arnold Machin.
The Silver Proofs quickly sold out and the prices increased to somewhat incredible heights. Luckily the overseas buyers have stopped buying and the price of the 1984 Pound in Silver Proof has come down to a level that makes it interesting again for collectors.
Each coin comes in a protective capsule and is struck in Sterling Silver. The edition was very limited and they quickly sold out.