1 Pound

Gibraltar's colonial pound notes ran parallel to the British pound at par — not a managed peg, but a direct equivalence backed by sterling reserves held in London. This arrangement, formalized under the Currency Ordinance, meant the Government of Gibraltar was effectively issuing a local convenience note rather than an independent currency, which is why the series changed so little across nearly two decades of production.

De La Rue printed the entire P#18 run from their Grosvenor Gardens works. The long date span — 1958 to 1975 — covers multiple signature combinations, and collector value diverges sharply depending on which treasury officials signed. The earliest signature pairings are considerably scarcer.