In 1973 we were still using the old large size 50 Pence coin. In 1973 the Royal Mint
issued it’s first ever commemorative 50 Pence coin. At that time you could only buy the proof version in cupro-nickel, how times have changed. No silver, no silver piedfort, no gold, no platinum just the base metal the coin was issued in, but it did come in a red leatherette case.
So what happened? Just as you suspected, everyone wanted one of the new commemorative Fifty Pence pieces in Proof condition, so that even today they are not all that hard to get.
But the error that most collectors made was in not putting aside this first commemorative coin in Uncirculated condition…
Because we now know that the 1973 Fifty Pence piece is much scarcer in Uncirculated condition than the Proof coin. So when we bought a small group the other month we were delighted, after all we know that this coin is scarce and missing from many collections. But just because it is Scarce in this condition does not mean that it will cost you a fortune. If you have the Proof you just might want to add an Uncirculated example to your collection as well. The Uncirculated Coin is Scarcer Than the Proof!