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4 Pounds - Elizabeth II The Hydra

Issuer Pobjoy Mint
Year 2018
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Diameter 50 mm
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Obverse description Right-facing draped bust of Queen Elizabeth II, crowned and wearing a pearl necklace and drop earring, executed in high relief with fine detail to the hair and floral crown. The Pobjoy Mint initials 'PM' appear incuse in the lower field beneath the truncation. The peripheral legend reads 'ELIZABETH II · 2018 · BRITISH INDIAN OCEAN TERRITORY ·' in raised Latin lettering disposed around the upper and lower rim.
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Mintage 2018 PM - High relief; Hand finished - 650
Additional information

The Pobjoy Mint, based in Surrey, has operated as a private mint producing coins under license for smaller territories since the 1960s, and the Isle of Man along with a handful of British Overseas Territories have been their primary clients for collector-focused issues. This piece is one in a series depicting the Labours of Hercules, a theme that has generated consistent secondary market demand among thematic bullion collectors rather than serious numismatists.

KM#25 attributes this to a specific issuing authority, though Pobjoy's licensing arrangements mean the legal tender status is largely nominal.

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