5 Pounds - Elizabeth II History of the RAF - Flypast

Issued to mark the RAF's 89th anniversary, this Gibraltar crown-sized silver falls within a long run of commemorative contracts placed by the Gibraltar government with the Pobjoy Mint and later the British Royal Mint's commercial arm — a reliable revenue stream for the territory that has produced hundreds of distinct commemorative types since the 1970s. The RAF flypast series specifically capitalized on the Battle of Britain anniversary cycle that drove collector demand through the mid-2000s.

KM#1095 is one of several near-identical Gibraltar RAF issues from adjacent years, distinguished primarily by reverse subject rather than any minting distinction.