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2 Sovereigns - Elizabeth II Silver Shield
| Issuer | Gibraltar |
|---|---|
| Year | 2021 |
| Type | Log in to see details |
| Value | 2 Sovereigns |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse description | The quartered royal shield of King George IV occupies the central field, displaying in the first and fourth quarters the three passant guardant lions of England, in the second quarter the rampant lion of Scotland surmounted by a crown, and in the third quarter the Irish harp. The ornate shield is flanked by decorative baroque scrollwork and surmounted by a royal crown. The circular legend BRITANNIARUM REX FID : DEF : runs around the periphery, faithfully reproducing the inscription from the original George IV sovereign coinage. A beaded inner border frames the entire composition. |
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| Additional information |
Gibraltar's "2 Sovereigns" denomination has no fixed exchange value and exists purely as a bullion and collector vehicle — the territory issues coins under its own authority granted by the British Crown, a privilege it has exercised aggressively since the 1990s to generate revenue through numismatic sales rather than circulation. The Silver Shield branding is a marketing series tied to a specific heraldic motif, not a distinct monetary instrument.
The .999 fineness places this outside the traditional sovereign standard, which ran at .9167 gold — the silver denomination borrows the name without the historical weight of the gold series behind it.