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1 Silver ECU Sir Walter Raleigh

Issuer Tower Mint, London
Year 1995
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Value 1 ECU (1 XEU)
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Reverse description Central circular colour-printed insert depicting the portrait bust of Sir Walter Raleigh facing slightly left, bearded and wearing an Elizabethan lace ruff collar, superimposed over a full-rigged galleon under sail on a blue sea with flags flying from the masts. The name SIR WALTER RALEIGH and his life dates 1552-1618 appear within the coloured insert. The surrounding silver border bears the denomination legend SILVER ECU arcing across the upper field and the date 1995 at the base, flanked by small floral ornaments at either side.
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Mintage 1995 - Proof
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The Tower Mint issued this piece under a licensing arrangement that allowed private mints to produce legal tender coinage for smaller jurisdictions — in this case almost certainly one of the British Crown dependencies or overseas territories. Raleigh's connection to Elizabethan colonial ambition made him a recurring subject for such issues through the 1990s, when the commemorative ECU market briefly flourished ahead of European monetary union. The ECU itself never circulated as physical coinage; these were struck purely for the collector trade, timed to expire as a concept the moment the euro launched in 1999.

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