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1/2 Crown - Charles III Coronation Cypher, Silver plated

Issuer Gibraltar
Year 2023
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Thickness 1.88 mm
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Obverse description Left-facing uncrowned effigy of King Charles III, modelled by Raphael David Maklouf, occupying the central field. The encircling legend reads CHARLES III · D · G · REX · F · D · GIBRALTAR · 2023, with the denomination HALF CROWN inscribed below the portrait. The design follows the tradition of Commonwealth effigy coinage, rendered in high relief against a flat field.
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Reverse description The royal cypher of King Charles III — comprising the interlaced monogram of the letters C and R surmounted by the Roman numeral III — occupies the central field, enclosed within an open wreath of oak branches tied at the base with a small decorative knot. The cypher is surmounted by the St. Edward's Crown, rendered in fine detail above the monogram. The design is unlettered, with the entire composition contained within a plain raised rim. No peripheral legend appears; the reverse relies solely on the heraldic cypher as its principal device.
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Gibraltar has issued commemorative crowns under its own authority since 1967, a right retained when the territory opted to remain a British Overseas Territory. This piece marks Charles III's coronation on 6 May 2023 — the first British coronation in seventy years, following Elizabeth II's accession in 1952. The silver-plated copper-nickel composition places it firmly in the souvenir tier rather than the collector bullion market, a distinction Gibraltar's prolific commemorative program has rarely been shy about blurring.

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