2 Pounds - Elizabeth II Queen on horseback

South Georgia and the South Sandwich Islands hold a peculiar place in British numismatic history — a territory with no permanent civilian population, administered from the Falkland Islands, yet issuing its own coinage since the 1990s. These pieces are produced solely for the collector market; not a single one has ever changed hands in a local transaction, because there is no local economy to transact in.

KM#26a is the sterling silver variant of a base-metal issue, struck by the Pobjoy Mint under licence from the territory's commissioner.