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It is very tricky to talk about this topic above. In terms of circulating currency coin and circulating commemorative coin, there is no significant difference to tell how to define them. But, it is only said by officials over years.
The Isle of Man is one of the Crown Dependence Isles, and is not part of the U.K. but is self-governing dependency of the Crown (Ministry of Justice). The government of the Isle of Man is called Tynwald. The Tynwald has two branches on the island, the House of Keys, and the Legislative Council (British-Irish Council). Note the two branch themes above on Fifty pence coins can be found in 2017 and 1994.
Probably, we have seen enormous coins or related-medals (either circulating currency coins or circulating commemorative coins) struck at the Pobjoy mint under permission of the government of Isle of Man, this is because “The issue of its own currency is a positive statement of independence and the power of self-determination. It is also an important source of investment income which would otherwise accrue to the United Kingdom if that country’s currency was allowed to displace it” (Treasury, the Isle of Man Government). How many are they (the Mint) are able to mint, it all depends on the Government demand.
It is clear right now that you have seen coins well-related with Tynwald itself only a few, like 1994 and 2017, but the amount of coins well-related with Queen E II struck at the Pobjoy mint (before 2017) is huge like 1978, 1979 and 2012 etc. Within this part, we will go through the three coins covering 1994, 2017 and 1997 as below.
- 1994 Legislative building 50p coin
- 2017 the House of Keys 50p coin (version I)
- 2017 the House of Keys 50p coin (version II)
- 1997 Philip McCallen and Nigel Davies T.T.-related 50p coin
Note: this type of coins, named version I, were minted by the Tower Mint in England. Also, the new minter of the Isle of Man government is the Tower Mint since 2017.
Note: this type of coins, named version II, were minted by the Tower Mint, but the Tynwald claimed they were PROOFLIKE coins (see apology letter). Because of this apology letter, it tells us that a) diamond finish coins by Pobjoy Mint are actually prooflike coins, and b) the coin in folder is actually a proof coin made by the Tower mint, but the Tynwald only say it is a prooflike coin, last not least c) remember that who is the big boss behind, the Tynwald.
Note: only large-sized coins in 1997 are collector’s coin.
The three 50p coins above are telling us how the Tynwald thinks and behaves behind the numismatic world. Also, it is a solid way to understand how the Tynwald makes its coinage business profitable and commercial-preferred.