5 Pounds - Elizabeth II, Silver Proof

Alderney, the smallest of the inhabited Channel Islands with a population under 2,500, issues commemorative coinage through a arrangement with the Royal Mint — legal tender nominally, but produced entirely for the collector market. The island has no central bank and no independent monetary policy; its coin program exists purely as a revenue stream administered through the States of Alderney.

KM#59 is one of several issues from this period tied to the late reign commemorative cycle. Without confirmed subject documentation for this specific reference, the safest observation is that 2001 Alderney silver proofs of this specification were struck at the Royal Mint, Llantrisant.