2 Pounds - Elizabeth II International Year of the Scout

Ascension Island, a British Overseas Territory administered jointly with the Foreign and Commonwealth Office and the BBC World Service relay station that dominated its economy, issued a series of gold commemoratives in the early 1980s tied to international observances — largely targeting the collector market rather than any domestic circulation need. The island's resident population at the time numbered under a thousand. The 1983 International Year of the Scout commemoratives appeared across multiple issuing territories simultaneously, a coordinated licensing arrangement common to this period of Commonwealth numismatic marketing.

KM#5 is a .917 fine gold piece at roughly a half-sovereign weight equivalent — 15.98g places it close to a sovereign-and-a-half by mass.