Gibraltar P-20e 1 Pound 1988 UNC
Gibraltar P-20e 1 Pound 1988 UNC
$9.99
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$9.99
Color: Multicolor
Front: Queen Elizabeth II at center right
Back: The Convent, Gibraltar (Governor's residence)
Watermark: Queen Elizabeth II portrait
Size: 134 × 67 mm (5.28 × 2.64 inches)
Issuing entity: Government of Gibraltar
Printer: De La Rue, London, United Kingdom
Signature: Brian Traynor (BT") — Financial and Development Secretary
Variety
This is P-20e, dated 4 August 1988, signed by Brian Traynor. It is the final and most common variety of the P-20 series, accounting for approximately 62% of known examples among collectors — making it the most frequently encountered date of this type.
The Rock and Its Currency
Gibraltar is a British Overseas Territory perched at the southern tip of the Iberian Peninsula, commanding the narrow strait that separates Europe from Africa. Its strategic importance has made it one of the most contested and celebrated pieces of land in history — held by Britain since 1704 and fiercely defended ever since. The Government of Gibraltar has issued its own pound sterling-equivalent currency since decimalization in 1971, with notes printed by the legendary De La Rue firm in London.
Queen Elizabeth II
The obverse features the iconic portrait of Queen Elizabeth II, who reigned from 1952 until her passing in September 2022 — the longest-reigning British monarch in history. Her image graced the currency of dozens of nations and territories across the Commonwealth, and her presence on Gibraltar's notes reflects the territory's enduring constitutional ties to the Crown. This 1988 note captures her in the mature, dignified portrait style used across British territories during the late 20th century.
The Convent — Gibraltar's Governor's Residence
The reverse depicts The Convent, the official residence of the Governor of Gibraltar. Originally a Franciscan friary founded in 1531, it was seized by the British military after the capture of Gibraltar and has served as the Governor's residence since 1728. Its whitewashed walls and historic courtyard make it one of the most recognizable buildings on the Rock of Gibraltar — a living symbol of Gibraltar's layered history of faith, conquest, and governance.
A Note Worth Owning
In Uncirculated condition, this 1988 note retains its original crispness — a snapshot of Gibraltar at the tail end of the Cold War, when the territory was navigating its unique identity between Britain, Spain, and the wider world. A compact piece of British colonial numismatic history, ideal for any Commonwealth or European collection.
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World Money Store is me, Βrian Grοss, the sole proprietor of this small business, based in Washington D.C. I've spend half my adult life in The Netherlands and Mexico and have an addiction to travel, history and languages (Spanish, Dutch Russian and a few others); Arabic my current challenge. My personal instagram is @df2dc.
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Banknote Condition Guide (UNC, XF, VF, F etc.)
- UNC (Uncirculated): No folds/creases; full crispness/sheen. May have "half moon" at edge of security thread.
- AU (About Uncirculated): Nearly perfect, with a single light fold or handling mark that doesn't break the paper. Crisp and colorful.
- XF a.k.a. EF (Extremely Fine): Crisp, firm, bright; a few light folds or one firm crease.
- VF Plus: Minor folds/stains; white areas are bright, still not quite Extra Fine.
- VF (Very Fine): Several folds; paper firmer than average; corners lightly worn.
- VF Minus: VF but may show foxing (yellow/brown patches), thinner paper, more folds/wrinkles/small tears (1-3 mm), otherwise intact.
- F (Fine): Well-used, many folds or creases; paper is soft; some soiling and/or pen marks.
- VG (Very Good) / Limp/worn/faded with heavy creasing/edge wear/tears.