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1 Sovereign - Elizabeth II Silver Shield

Issuer Gibraltar
Year 2021
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Currency Pound (decimalized, 1971-date)
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Reverse description The reverse displays the crowned shield of King George IV in high relief, rendered in faithful reproduction of the classic sovereign design. The quartered royal arms are surmounted by an ornate crown, with the heraldic charges of England, Scotland, and Ireland clearly delineated in the fields. The curved legend BRITANNIARUM REX FID : DEF : arcs around the upper portion of the design, referencing the Latin royal titles.
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Reverse lettering BRITANNIARUM REX FID : DEF :
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Additional information

Gibraltar's sovereign-denomination coins occupy a peculiar legal space: the territory issues its own currency under Crown authority but maintains parity with the pound sterling, meaning these pieces technically circulate at face value while being produced almost exclusively for the collector market. The "Silver Shield" designation refers to a specific bullion program Gibraltar launched to compete with established sovereign-format silver issues from other British territories.

At 7.98g of .999 silver, the weight deliberately echoes the gold sovereign's dimensions rather than any traditional silver standard.

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