5 Pounds - Elizabeth II The end of world war VE-day

Gibraltar has issued commemorative crown-sized pieces under British authority since the 1970s, and its 60th anniversary VE Day release falls squarely in a wave of similar issues produced across Crown Dependencies and Overseas Territories in 2005. The broader commemorative program that year marked six decades since May 8, 1945, when Churchill announced Germany's unconditional surrender to crowds gathered outside Buckingham Palace and in cities across Europe.

KM#1186 is one of several Gibraltar pieces tied to that anniversary cycle — the territory issued multiple variants simultaneously, making individual mintage figures for this specific type difficult to isolate from published records.