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5 Pounds - Elizabeth II Warship in full sail

Issuer Gibraltar
Year 2005
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Composition Silver (.925)
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Obverse description Right-facing crowned effigy of Queen Elizabeth II after the portrait by Raphael David Maklouf, wearing the Royal Diadem and a pearl necklace with a drop earring. The legend ELIZABETH II arcs along the left periphery, GIBRALTAR along the upper right, and the date 2005 along the lower right, all within a beaded border. The portrait is rendered in high relief consistent with a proof striking, with fine detail visible in the hair and crown. The designer's initials RDM appear beneath the truncation of the bust.
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Edge Reeded
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Gibraltar's Royal Mint-produced commemorative program of the early 2000s leaned heavily on naval themes, a natural fit for a territory whose entire strategic rationale has been the control of the strait below it. Britain seized Gibraltar in 1704 during the War of the Spanish Succession, and its value was immediately understood in terms of maritime dominance rather than land. That calculus has never really changed.

KM#1064 is one of several issues from this period sharing the 28.28g/.925 specification that became almost universal among Commonwealth commemoratives after the Royal Mint standardized the crown-sized silver format in the 1990s.

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