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70 ECUs - Elizabeth II EEC - European Union Currencies
| Issuer | Gibraltar Government |
|---|---|
| Year | 1993 |
| Type | Log in to see details |
| Value | 70 ECUs |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
| Thickness | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | ELIZABETH II GIBRALTAR · 1993 PM RDM |
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| Mint | Log in to see details |
| Mintage | 1993 PM - Proof |
| Additional information |
The ECU — European Currency Unit — was never legal tender in the conventional sense; it existed as a basket currency used for accounting within the European Monetary System from 1979. Gibraltar's decision to issue ECU-denominated collector pieces in the early 1990s was part of a broader wave of commemorative coinage from peripheral territories capitalizing on pre-Maastricht enthusiasm, before the Treaty formally set the euro on course to replace the ECU at a fixed 1:1 rate in 1999. The irony is pointed: Gibraltar, constitutionally excluded from full EU membership despite being a British Overseas Territory within Europe, struck coins denominated in a currency it had no political stake in adopting.