1 Crown - Elizabeth II 90th Birthday - 3rd Effigy

Gibraltar's Crown issues from this period were produced under license arrangements that allowed the territory considerable latitude in commemorative subjects — a freedom Gibraltar's issuing authority exploited aggressively throughout the 2000s and 2010s with dozens of themed releases annually. The 90th birthday issue is one of several dozen struck that year alone, contributing to a collector market that has grown increasingly selective about which Gibraltar crowns it treats as genuinely scarce.

The third effigy, by Raphael Maklouf, was in official use from 1985 until its replacement by the Ian Rank-Broadley portrait in the late 1990s — its appearance here is a deliberate retro choice, not a production continuity.