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14 ECUs - Elizabeth II Sir Winston Churchill
| Issuer | Gibraltar |
|---|---|
| Year | 1993 |
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| Currency | ECU (1990-1996) |
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| Obverse description | Right-facing crowned effigy of Queen Elizabeth II, wearing the George IV State Diadem, pearl drop earring, and pearl necklace, as designed by Raphael David Maklouf. The truncated, draped bust is rendered in high relief against a mirror-polished field. The legend ELIZABETH II arcs along the left periphery and GIBRALTAR · 1993 along the right, with the engraver's initials RDM and the Pobjoy Mint mark PM appearing below the date. A fine beaded border frames the entire design. |
|---|---|
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| Reverse description | Prominent portrait bust of Sir Winston Churchill facing slightly left, depicted in military uniform with medals visible on his chest. To his right, a circular arc of twelve five-pointed stars, referencing the European Community symbol, frames the composition. The inscription SIR WINSTON CHURCHILL curves along the upper periphery, while the denomination 14 ECUS is positioned in the lower field. The design is executed in high relief against a polished background, with a beaded border encircling the entire reverse. |
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| Additional information |
The ECU — European Currency Unit — was never physical legal tender but a basket currency used for EU accounting and exchange rate mechanisms. Gibraltar's prolific ECU-denominated series in the early 1990s exploited a collector market hungry for European unification imagery while the Maastricht Treaty debates were still raw. Churchill is an ironic choice for such an issue: he famously advocated a "United States of Europe" in his 1946 Zurich speech, yet explicitly envisioned Britain as a sponsor rather than a member.