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 one ounce of silver - designated as 1 oz Ag, where Ag is abbreviated from Argentum, the Latin word for silver.
This coin is part of a Scottsdale Mint range of Gibraltar bullion coins, and the second issue in the Lady Justice series.
The Mint says about it:
The figure of Lady Justice has been struck into coinage throughout world history, with one of the earliest examples appearing in the Roman Empire around 100 AD. The ideal of pure, impartial justice is timeless, and a concept people have sought, debated, and fought to preserve over the timeline of humanity.
Scottsdale Mint is proud to announce a new coin series that enshrines the concept of Justice in pure gold and silver. The 2022 Gibraltar Legal Tender coin program is comprised of four coins in two different finishes and metal types.
The reverse of each coin features a classic engraving of Lady Justice, blindfolded and holding a sword in her right hand, and scales in her left. The Latin phrase “fides et justitia” accompanies the artwork. The reverse bears the Gibraltar Coat of Arms (beautiful artwork in its own right) as well as weight, purity, content, and denomination value.