5 Pounds - Elizabeth II Queen Victoria

Issued to mark the 200th anniversary of Queen Victoria's birth, this Guernsey crown-sized piece falls into a crowded commemorative market where the island's treasury has long competed for collector attention alongside Royal Mint issues covering identical anniversaries. Guernsey's separate issuing authority gives it legal latitude to produce coins that parallel — and occasionally undercut — official British commemoratives on price, which largely explains the volume of silver output from St. Peter Port across the past three decades.

KM#360 is a relatively late addition to the Guernsey commemorative catalogue and saw wide retail distribution through third-party dealers.