Gibraltar has issued commemorative gold in small fractional formats with notable regularity, and this piece sits within the UEFA Euro 2020 licensing framework — a tournament itself delayed a full year to 2021 due to the COVID-19 pandemic, though the "2020" name was retained for commercial and contractual reasons. Germany entered that tournament as a three-time European Championship winner and was eliminated in the round of 16 by England at Wembley, ending Joachim Löw's 15-year tenure as national manager on a deflating note.
Gibraltar has issued commemorative gold in small fractional formats with notable regularity, and this piece sits within the UEFA Euro 2020 licensing framework — a tournament itself delayed a full year to 2021 due to the COVID-19 pandemic, though the "2020" name was retained for commercial and contractual reasons. Germany entered that tournament as a three-time European Championship winner and was eliminated in the round of 16 by England at Wembley, ending Joachim Löw's 15-year tenure as national manager on a deflating note.