Alderney has used commemorative coinage since 1989 as a deliberate revenue mechanism — the island issues legal tender through authority granted under the Coinage Act, but the pieces are produced for the collector market and rarely, if ever, circulate. The 2003 date marks fifty years from the June 1953 coronation, a ceremony that Alderney residents, like most British subjects in the Channel Islands, followed via radio broadcast rather than television.
Alderney has used commemorative coinage since 1989 as a deliberate revenue mechanism — the island issues legal tender through authority granted under the Coinage Act, but the pieces are produced for the collector market and rarely, if ever, circulate. The 2003 date marks fifty years from the June 1953 coronation, a ceremony that Alderney residents, like most British subjects in the Channel Islands, followed via radio broadcast rather than television.