5 Pounds - Elizabeth II 70th Birthday

Gibraltar's commemorative gold program of the 1990s was largely driven by Pobjoy Mint, which produced a steady stream of royal occasion pieces for the territory. The 70th birthday issue for Elizabeth II in 1996 falls squarely within that run — a low-mintage bullion-adjacent piece aimed primarily at collector-investors rather than Gibraltar's domestic market, which was never the real audience for these issues.