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70 ECUs - Elizabeth II Eurotunnel
| Issuer | Government of Gibraltar |
|---|---|
| Year | 1993 |
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| Composition | Log in to see details |
| Weight | 155.5 g |
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| Obverse description | Right-facing crowned effigy of Queen Elizabeth II, wearing the George IV State Diadem adorned with floral motifs and a pearl necklace, with curled hair falling to the shoulder. The portrait is rendered in fine relief against a mirror field, with the legend ELIZABETH II arcing along the left rim and GIBRALTAR 1993 along the right. A small Pobjoy Mint privy mark (PM) appears in the lower field. The design is attributed to the Raphael Maklouf portrait series. |
|---|---|
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| Edge | Reeded |
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| Additional information |
The ECU — European Currency Unit — was a basket currency used for accounting within the European Monetary System from 1979, never physically minted for general circulation. Gibraltar exploited a collector loophole: as a British Overseas Territory with its own issuing authority, it could strike legal-tender commemoratives denominated in ECUs without any obligation to the monetary frameworks governing actual EMS member states. The 70 ECU denomination here corresponds to no organic unit of exchange; it was reverse-engineered from the silver content value at the time of issue.
The Channel Tunnel opened in May 1994, one year after this coin was struck.