Removed from proof coin set, gem condition

The 1983 Australian 50-cent coin, featuring the standard Coat of Arms design and Elizabeth II portrait, had a mintage of 48,923,000, struck at the Royal Australian Mint in Canberra.

Key details about the 1983 50-cent coin: Mintage:48,923,000 pieces. Composition:75% Copper - 25% Nickel. Shape:12-sided (Dodecagonal). Weight:15.55 grams. Diameter: 31.65 mm. Designer:Raphael Maklouf (obverse). The

1983 Australian 50-cent proof coin has a mintage of only 80,000. These coins were produced by the Royal Australian Mint as part of the annual proof set, which features a dodecagonal (12-sided) shape, a copper-nickel composition, and Arnold Machin's portrait of Queen Elizabeth II.

Key Details: Mintage: 80,000 Composition: 75% Copper, 25% Nickel Weight: 15.55g Diameter: 31.51mm Finish: Proof (highly polished mirror finish) While the mintage is relatively high, individual coins or full 1983 proof sets are popular among collectors.

The 1983 proof 50c is often considered a common date proof coin, though high-grade examples (such as PR69 or PR70) can command premium prices. While a high mintage indicates they are very common in circulation, special examples, such as those from proof sets, exist for collectors, and this is one of those

In 2014, a rare, high-grade PCGS PR70 1983 proof 50-cent coin sold for over $3400.00

So why did someone pay this for a common date proof coin? Well, clearly they are dedicated and driven collector, and a strong supporter of third party graded coins, and PCGS graded coins in particular. And it wouldnt surprise us if the buyer is a big player in the PCGS Registry Sets and that this coin had given them a lead in a number of different sets. Congratulations to the new owner of the coin, kudos to the person who had it graded, and well done to Numisbid for helping to achieve the record price. ....