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1 Pound

Issuer Government of Gibraltar
Year 1938-1958
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Currency Gibraltar pound (1934-date)
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Obverse description Green intaglio-printed note with elaborate guilloche borders and £ monogram vignettes at each corner. The central lower portion bears an engraved vignette of the Rock of Gibraltar, flanked by the serial number in two positions; the issuing authority title arches across the top in bold letterpress, with the denomination in a central panel. The date, place of issue, and Treasurer's manuscript signature appear in the lower left and right fields respectively.
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Reverse description The reverse is printed entirely in green on a dense guilloche underprint, with large £ monogram medallions to left and right. At centre, an oval intaglio vignette carries the Gibraltar coat of arms — a castle above a key on a shield — encircled by a scroll inscribed MONTIS INSIGNIA CALPE. A rectangular panel at the foot of the note carries the denomination ONE POUND in bold letterpress.
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Comments

Gibraltar's wartime currency situation was genuinely complicated. When the civilian population was evacuated between 1940 and 1944 — shipped to Britain, Madeira, Jamaica, and elsewhere — the territory continued operating financially under military administration. Notes of this series remained in use throughout that occupation, circulating among garrison personnel and the reduced civilian workforce that stayed behind.

Waterlow & Sons handled the printing, as they did for numerous colonial governments across the period. The series ran twenty years without a design change, which reflects the political stasis of Gibraltar's status rather than any particular administrative laziness.