5 Pounds - Queen Elizabeth II Duke of Wellington

Wellington's connection to the Channel Islands is thin at best, making Guernsey's choice of subject here largely a commercial one — the Duke remains perennially bankable on commemorative issues. What is historically grounded is that Wellington did pass through the region during the Napoleonic period, when the Islands served as a staging point and refuge given their proximity to the French coast.

The selective colour application is printed, not enamelled — a distinction worth noting for collectors who care about long-term surface stability under varying storage conditions.