Author Topic: Gibraltar 2017: New series of circulating coins  (Read 1397 times)

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Offline eurocoin

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Gibraltar 2017: New series of circulating coins
« on: January 15, 2017, 11:26:28 AM »
In 2017, Gibraltar is going to issue a new series of circulating coins.

Offline Alan71

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Re: Gibraltar 2017: New series of circulating coins
« Reply #1 on: January 15, 2017, 11:36:36 AM »
Interesting, as it's only a couple of years or so since the last new series.  I wonder if the 1p and 2p will make a comeback this time?

Offline eurocoin

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Re: Gibraltar 2017: New series of circulating coins
« Reply #2 on: January 15, 2017, 11:38:28 AM »
The Minister for Economic Development and Telecommunications of Gibraltar will speak at the World Money Fair in Berlin on February 3 about the historical significance for a new series of circulating coins to be issued. I doubt they will re-introduce the 1 and 2p coins.

Offline Alan71

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Re: Gibraltar 2017: New series of circulating coins
« Reply #3 on: January 15, 2017, 01:07:26 PM »
I'd like to know the situation with 1p and 2p coins in Gibraltar... if they are still legal tender and aren't being withdrawn, are they just relying on current stocks or are they still issuing coins with the old designs and pre-2014 dates?

Offline Jostein

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Re: Gibraltar 2017: New series of circulating coins
« Reply #4 on: January 15, 2017, 01:33:21 PM »
Will be included the new version of the 1 pound coin?  ::)
"Change is the law of life. And those who look only to the past or present are certain to miss the future" - John F. Kennedy

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Offline Bimat

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Gibraltar 2017: New series of circulating coins
« Reply #5 on: January 19, 2017, 09:15:32 AM »
Which portrait of the Queen they are going to use?

Aditya
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Offline Alan71

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Re: Gibraltar 2017: New series of circulating coins
« Reply #6 on: January 19, 2017, 09:21:55 AM »
Let's hope not the Maklouf one!  That's way too tired and I don't know why Gibraltar brought it back (I know it wasn't the same as the original but near enough).

Surely they have to include the new 1 in this?  I still find it hard to believe that any of the sterling zone (or whatever it's called - I know the Gibraltar pound isn't sterling but may as well be) will continue to issue the old pound coin.

Offline eurocoin

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Re: Gibraltar 2017: New series of circulating coins
« Reply #7 on: January 19, 2017, 03:19:04 PM »
Which portrait of the Queen they are going to use?

Aditya

Let's hope not the Maklouf one!  That's way too tired and I don't know why Gibraltar brought it back (I know it wasn't the same as the original but near enough).

No need to worry.  :)

Surely they have to include the new 1 in this?

Who knows but most likely not. It is expensive to produce and Gibraltar has no counterfeit coins in circulation so there is no need to introduce a new 1 pound coin.

Offline eurocoin

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Re: Gibraltar 2017: New series of circulating coins
« Reply #8 on: February 07, 2017, 03:54:44 PM »
The new series of circulating coins will be issued to commemorate the 50th anniversary of the 1967 referendum in which Gibraltarian voters were asked whether they wished to either pass under Spanish sovereignty, with Gibraltarians keeping their British citizenship and a special status for Gibraltar within Spain; or remain under British sovereignty, with institutions of self-government.

It is unknwon wether this will just be a commemorative 1 year set of circulating coins or will also be issued after 2017.

Offline eurocoin

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Re: Gibraltar 2017: New series of circulating coins
« Reply #9 on: February 10, 2017, 10:50:03 AM »
The portrait that will be used on the obverse of the new series of circulating coins from Gibraltar, made by Jody Clark:





Offline Alan71

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Re: Gibraltar 2017: New series of circulating coins
« Reply #10 on: February 10, 2017, 08:18:44 PM »
They're using the same one as Isle of Man then?

Offline eurocoin

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Re: Gibraltar 2017: New series of circulating coins
« Reply #11 on: February 10, 2017, 08:44:59 PM »
They're using the same one as Isle of Man then?

Yes they are indeed. This variant is specially made by The Royal Mint for dependencies and territories.

Offline Alan71

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Re: Gibraltar 2017: New series of circulating coins
« Reply #12 on: February 11, 2017, 01:09:41 AM »
This is interesting.  It's a bit similar to the pre-Machin situation where the UK used one portrait and everywhere else another, isn't it?  The difference is that this time it isn't crowned and uncrowned but uncouped and couped portraits.  Were Isle of Man and Gibraltar not allowed to use the UK one?

Offline <k>

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Re: Gibraltar 2017: New series of circulating coins
« Reply #13 on: February 11, 2017, 11:52:27 AM »
I greatly doubt that they were not allowed to use the UK effigy. The crowned/uncrowned effigy situation was smashed in stages. In 1936 Edward VIII gave the Dominions permission to choose whether to use the crowned or uncrowned effigy, adding that he would be personally pleased if they would use the "civil head", i.e. uncrowned effigy. He abdicated before the policy, with reference to his own portrait, could be put into practice. However, George VI was told of his predecessor's decision, which had pleased the Dominions, so he rubber-stamped it, in effect.

The final smashing of the system came when Rhodesia wanted to use the Machin portrait in 1964. The Queen conveyed her wish that any Commonwealth territory that wished to use the Machin portrait should be allowed to. On that portrait she was wearing a tiara, not a crown, so you might even say she was halfway between crowned and uncrowned.

This information comes from old Royal Mint documents I found in the National Archives. The information about the effigies was all incidental to the information I was looking for, so it was pure chance that I was able to work out the big picture.

The answer to your question would seem to be, either that the relevant crown dependencies and overseas territories do not like the UK effigy, or else that they now deliberately want to be different. And in fact, since the UK adoption of the Maklouf effigy in 1985, the effigies of the other parts of the "sterling area" and ours have never been entirely in synch.

Offline Alan71

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Re: Gibraltar 2017: New series of circulating coins
« Reply #14 on: July 15, 2017, 01:09:16 PM »
Is there any more news on this new series of Gibraltar circulating coins?  It's all gone very quiet.

I can't remember (and not sure) if UK coins can circulate in Gibraltar.  If they can, then they've almost certainly got a counterfeit problem if old UK 1 coins come in.  As with Isle of Man, it will surely be unmanageable to retain the old 1 indefinitely if they're constantly having to sort UK ones from theirs.  Visitors from the UK could offload their old pounds.  If UK coins can't (or are not supppsed to) circulate then I suppose it's less of an issue.