At the age of 25, Pryce graduated to Formula One, the highest category of circuit racing defined by the Fédération Internationale de l'Automobile (FIA), motorsport's world governing body, joining the newly formed Token Racing team. The team was created by Tony Vlassopulos and Ken Grob after the original Token team closed down in 1973 due to a lack of financial backing which had led to the end of the previous "Rondel Racing" outfit. Pryce was given the seat thanks to his backing from Titan Properties, and what David Tremayne described as "evident promise". Pryce made his début for the team at the BRDC International Trophy, a non-championship Formula One event held at Silverstone, but lack of an airbox and an engine cover, along with his shortage of experience in the car, made him the slowest driver of the 16 competitors during qualifying: 26 seconds slower than James Hunt's Hesketh in pole position. The Welshman retired 15 laps into the race with a gear linkage problem. Pryce's World Championship début came at the 1974 Belgian Grand Prix, where he qualified in 20th place, 3 seconds slower than the fastest time set by Clay Regazzoni. Once again, he failed to finish, completing 66 laps before retiring after a collision with Jody Scheckter's Tyrrell.