5 Pounds - Elizabeth II - Hera and the Peacock

Saint Helena — a British Overseas Territory with no mint of its own — has become a prolific issuer of collector gold through the Pobjoy Mint and similar contractors, a arrangement that generates revenue for the territory while producing coins that will never circulate a single day. This piece belongs to a mythological series exploiting collector demand for fine gold in sovereign-format weights.

The island's coinage authority is real but its numismatic output is essentially a licensing operation.