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| Issuer | Gibraltar (British Overseas Territories) |
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| Year | 2026 |
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| Shape | Equilateral curve heptagon (7-sided) |
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| Obverse description | Uncrowned effigy of King Charles III facing left, rendered in high relief with naturalistic detail. The legend curves around the upper periphery reading CHARLES III · KING OF GIBRALTAR · FIFTY PENCE, with the date · 2026 · positioned at the base of the heptagonal flan. The designer's initials RDM appear discreetly on the truncation. The portrait is bare-headed, showing the King in mature likeness with visible collar detail at the neck truncation. |
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| Reverse description | Couped bust of Queen Elizabeth II facing right, depicted wearing the Girls of Great Britain and Ireland tiara and a pearl drop earring, in the mature effigy style used on her later coinage. The commemorative legend 100 YEARS SINCE THE BIRTH OF OUR BELOVED QUEEN curves around the upper periphery of the heptagonal flan, while the date range · 1926 - 2026 · appears in the lower field, marking the centenary of Her Majesty's birth. The designer's initials RDM are visible at the neck truncation. |
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| Additional information |
Gibraltar has issued commemorative 50 pence pieces with unusual regularity since the 1990s, often ahead of — or independent from — Royal Mint releases on the same themes. This piece marks the transition between the effigies of Elizabeth II and Charles III, a subject with genuine numismatic interest: the two monarchs were never depicted together on circulating British coinage, making the pairing here a deliberate collector construct rather than anything rooted in monetary history.
The "unseen effigies" framing references the convention, observed since Charles II, of alternating the direction each sovereign faces on coinage.