Gibraltar's coinage occupies an unusual constitutional position — issued by the Gibraltar Government rather than the Royal Mint, it circulates locally but holds no legal tender status in the United Kingdom. This piece commemorates the transitional moment between Elizabeth II and Charles III, a succession that required every circulating denomination across multiple territories to be recut with a new effigy. The "Unseen Effigies" designation refers specifically to coinage types that were designed and approved under Elizabeth II but never released before her death in September 2022 — reaching circulation only under her successor.
Gibraltar's coinage occupies an unusual constitutional position — issued by the Gibraltar Government rather than the Royal Mint, it circulates locally but holds no legal tender status in the United Kingdom. This piece commemorates the transitional moment between Elizabeth II and Charles III, a succession that required every circulating denomination across multiple territories to be recut with a new effigy. The "Unseen Effigies" designation refers specifically to coinage types that were designed and approved under Elizabeth II but never released before her death in September 2022 — reaching circulation only under her successor.