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 series of Gibraltar bullion coins, and depicts a War Elephant.
War elephants played a critical role in several key battles in antiquity, especially in Ancient India. While seeing limited and periodic use in ancient China, they became a permanent fixture in armies of historical kingdoms in Southeast Asia. During classical antiquity they were also used in ancient Persia and in the Mediterranean world within armies of Macedon, Hellenistic Greek states, the Roman Republic and later Empire, and Carthage in North Africa. In some regions they maintained a firm presence on the battlefield throughout the Middle Ages. However, their use declined with the spread of firearms and other gunpowder weaponry in early modern warfare. After this, war elephants became restricted to non-combat engineering and labour roles, as well as being used for minor ceremonial uses. They continued to be used in combat, however, in some parts of the world, such as in Burma, Thailand, and Vietnam, well into the 19th century.
The obverse of the coin displays at its centre the Coat of Arms of the Government of Gibraltar. It incorporates the Royal Arms of the United Kingdom, being a shield which is quartered, depicting in the first and fourth quarters the three passant guardant lions of England; in the second, the rampant lion and double tressure flory-counterflory of Scotland; and in the third, a harp for Ireland. The crest is a statant guardant lion wearing St Edward's Crown, himself on another representation of that crown standing on a knight's helmet. The sinister (left) supporter is a likewise crowned English lion; the dexter (right), a Scottish unicorn.
The motto of English monarchs, DIEU ET MON DROIT (God and my Right), which has descended to the present royal family, is in a ribbon below, while a Garter circlet which surrounds the shield is inscribed with the Order of the Garter's motto, HONI SOIT QUI MAL Y PENSE (from old French: Shame on he who thinks evil), partly obscured by the supporters.
Below the lower ribbon, the badge of Gibraltar - an escutcheon featuring a three-towered castle under which hangs a key.
Around above, the name of the territory: GIBRALTAR. Divided by the lion above the crown, the date of issue 2022. Around left and around right, the precious metal content: 1 TROY OUNCE 999 FINE SILVER. Around below, the nominal face value 1 POUND.