Saint Helena is a small island in the South Atlantic Ocean which is part of the British overseas territory of Saint Helena, Ascension and Tristan da Cunha. The currency of the island is the Saint Helena pound, fixed at parity with the pound sterling. The island has authorised some private mints to issue coins under its jurisdiction, which come in a variety of sizes - including in the popular silver ounce (1 oz silver) format, usually denominated as £1.
This silver ounce coin denominated as £1 is part of a commemorative range marking the 200th Anniversary since the death of Napoleon Bonaparte.
The Mint says about it:
Napoleon Bonaparte built an Empire across Europe before defeat at Waterloo in 1815 saw him exiled to St Helena, a peaceful island owned at the time by the East India Company. He lived out his final years on St Helena until his death in 1821. To mark the 200th Anniversary of Napoleon’s death, we pay tribute to his time on St Helena and celebrate the icon that came to symbolise his Empire; the humble but powerful bee.
When Napoleon crowned himself Emperor of France in 1804, he was keen to replace the remnants of the fallen Bourbon dynasty, including their emblem, the Fleur du Lys. He learned about the discovery of the tomb of Childeric I, king of the Merovingian Franks, and the 300 tiny gold bees that were found buried alongside his remains as a symbol of immortality. The bee is symbolic of harmony, working together for a bigger cause. Napoleon recognised these characteristics and used the golden bee in his Coat of Arms, coronation robes and on the wallpaper and carpets of his palaces. It was a key icon of an Empire which spread across Europe until Napoleon’ final defeat at Waterloo.
After his death in 1821, Napoleon was buried on St Helena, where he had been living in exile since 1815. His remains were eventually returned to France in 1840, transported by a magnificent cortege upon which, according to newspaper reports, “on both sides hung two velvet imperial mantles, sprinkled with bees". | 
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