Gibraltar is a small British Overseas Territory located at the southern tip of the Iberian Peninsula, bordered to the north by Spain. Its currency is the Gibraltar Pound, which is locally interchangeable with the Pound Sterling, to which it is pegged at par; however, the Gibraltar Pound is legal tender only in Gibraltar and not in the United Kingdom.
The territory has also authorised some mints to issue commemorative and bullion coins under its jurisdiction. These latter are usually in standard bullion sizes, such as a small one tenth of an ounce of gold format - designated as 1/10 oz Au, where Au is abbreviated from Aurum, the Latin word for gold. |
