1/25 Crown - Elizabeth II Tom Kitten

正面描述	Third effigy of Queen Elizabeth II, rendered as a crowned and draped bust facing right, as designed by Raphael David Maklouf. The Queen wears the George IV State Diadem. The legend ELIZABETH II arcs along the left rim, GIBRALTAR along the upper right, and the date 1993 below it. The mintmark PM appears in the lower field, denoting the Pobjoy Mint.
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正面铭文	ELIZABETH II GIBRALTAR 1993 PM
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附加信息	Part of Gibraltar's long-running Beatrix Potter gold series, this miniature issue was produced at a moment when fractional gold coins were being aggressively marketed to collectors across the Commonwealth as affordable entry points into bullion-linked collecting. The 1/25 Crown denomination had no circulation purpose — it was a collector instrument from the outset, sold at a premium well above spot. Potter's characters entered the public domain in various jurisdictions at differing times, making licensing arrangements for coin programs in the early 1990s a genuinely complicated legal exercise.

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