5 Pounds - Elizabeth II The Legend of Saint George - The Victor's Embrace, Gold

Gibraltar has issued commemorative gold under its own authority since the 1970s, a quirk of its status as a British Overseas Territory with separate coinage rights. This piece belongs to a series retelling the Saint George legend across multiple releases — a format Gibraltar's treasury has leaned on heavily for the collector market, where recurring narrative themes reliably sustain subscription sales.

KM# 169 is one of several 2018 entries in the sequence, each distinguished by a specific episode from the legend.