5 Pounds - Elizabeth II The Artist, Silver Proof

Alderney's commemorative program has long operated as a revenue vehicle for the Bailiwick of Guernsey, which administers the island and authorizes these issues primarily for the collector market. They carry legal tender status on Alderney itself, though the island's permanent population sits below 2,000 and circulation was never the intent.

KM#230a designates the silver proof variant within a multi-metal release — the base metal version shares the same dies.