Catalog
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| Issuer | Government of Gibraltar |
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| Year | 1995-2006 |
| Type | Standard circulation banknote |
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| Obverse description | Purple and violet tones on multicolour guilloche underprint. Mature portrait of Queen Elizabeth II at right, with the Gibraltar coat of arms at left and a bird perched above a cannon at left-centre. Issuer title and denomination inscribed across the face. |
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| Reverse description | Light blue and multicolour underprint with a large intaglio vignette of HMS Victory returning to Gibraltar in 1805, set against the Rock of Gibraltar in the centre-left background. An oval portrait medallion of Admiral Nelson at right, framed by a rope border and a ribbon cartouche inscribed 'ADMIRAL NELSON'; a compass rose ornament appears at lower left. Denomination numeral '20' rendered in large stylised script in the centre as a latent underprint element. |
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| Comments |
Gibraltar's decision to feature Horatio Nelson on this note was not arbitrary local colour. Nelson's body was brought to Gibraltar aboard HMS Victory in October 1805 following Trafalgar, where it lay in state before the long return to England — the Rock's connection to the battle is direct and well-documented. The Garrison Library in Gibraltar still holds contemporary accounts of the stop.
De La Rue produced this series across an eleven-year window, unusually long for a denomination of this value. The watermark remains the sole security feature, which by the mid-1990s was already considered thin for a twenty-pound issue.