50 Pounds - Elizabeth II Grand Casemates Square

正面描述	Central vignette of Queen Elizabeth II in three-quarter portrait, rendered against a fine guilloche underprint in shades of red and pink. The Government of Gibraltar coat of arms appears to the upper right, with the denomination £50 printed in large numerals at upper right and lower left. A facsimile signature of the Commissioner of Currency and the issue date appear at lower centre, with the serial number printed vertically at left and horizontally at lower right.
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背面铭文	GOVERNMENT OF GIBRALTAR CASEMATES SQUARE FIFTY POUNDS Sterling
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备注	Gibraltar's banknotes are legal tender only on the Rock itself — sterling is accepted interchangeably in practice, which means local notes circulate in an unusually compressed geographic area and rarely travel far enough to accumulate serious wear. The 50 Pounds denomination in particular turns over slowly; most residents simply use UK notes for large transactions, giving this issue an oddly low effective circulation rate despite being a current series. De La Rue printed this series at Overton, Hampshire. The P#38 designation covers a date range spanning nearly a decade, so signature combinations matter when distinguishing earlier from later printings.

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