Returning from Maine to FL in my 1977 Cessna R172K XP, the left mag went bad. No prior warnings. All of the run ups checked out fine with the typical 50 to 60 RPM drops during the 15 hrs of flights the prior 6 days before the failure. Initially thought it was a bad plug, but all were pulled cleaned and tested, and were fine. I had to leave the plane in NC awaiting a new Mag. So I decided to do some digging when I got back to FL and checked the log books. Discovered both the LH & RH were last replaced in 2012 and had accumulated approx 700 hrs before the failure. No indication in the logs that a 500hr inspection had been done. Since they were the same age, I bit the bullet and had replaced both. I was very surprised that everything checked out normal with the LH Mag until it failed. I thought there would be a slow progression of increasing RPM drops. One flight it’s fine, next flight it drops over 200 RPMs and engine sounds terrible. Is this normally how these Mags fail?