Gibraltar is a British Overseas Territory located on the southern tip of the Iberian Peninsula. It is bordered to the north by Spain and is strategically positioned at the entrance of the Mediterranean Sea. Despite its small size, Gibraltar has a rich history and is known for its iconic landmark, the Rock of Gibraltar.
The coin history of Gibraltar traces back to its adoption of the pound sterling before the decimalization era in 1971, aligning with the currency system of the United Kingdom. Following decimalization, Gibraltar introduced its own coinage in 1988, featuring designs reflective of its culture and landmarks, notably the Rock of Gibraltar.
Despite this transition, Gibraltar maintains its currency, the Gibraltar pound (GIP), at a 1:1 ratio with the British pound sterling (GBP), ensuring economic stability. Coins of Gibraltar are issued by the Government of Gibraltar and encompass a variety of designs. Denominations include 1 penny, 2 pence, 5 pence, 10 pence, 20 pence, 50 pence, and 1 pound, circulating alongside British coins within Gibraltar for daily transactions.
Commemorative or special edition coins, released by the Government of Gibraltar, typically mark significant events, milestones, or honor notable figures. These coins often feature unique designs commemorating the occasion or individual being celebrated. Events such as anniversaries of historical events, royal occasions, sporting events, or cultural celebrations may be commemorated, making such coins highly sought after by collectors for their historical significance and limited availability.
