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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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Obverse script Latin
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Mintage 1995 - Proof
Additional information

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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