10 Pounds - Elizabeth II Sir Winston Churchill

Churchill had a long personal connection to Gibraltar — as First Lord of the Admiralty during both World Wars, he was intimately involved in its strategic defense, and the Rock's ability to control Atlantic-Mediterranean passage was central to Allied planning in 1942–43. This issue was struck in the year marking the 50th anniversary of his death, part of a broader commemorative push across multiple British territories that produced dozens of overlapping Churchill gold issues, most in fractional weights aimed squarely at the bullion gift market.