Catalog
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| Issuer | Gibraltar |
|---|---|
| Year | 1991 |
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| Orientation | Medal alignment ↑↑ |
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|---|---|
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| Reverse description | A finely detailed portrait of a Pembroke Welsh Corgi, rendered in high relief, occupies the upper central field, with the dog's head and shoulders depicted facing slightly forward. To the lower right stands the heraldic castle of Gibraltar, serving as a mintmark-style device. Below the central design, the fineness designation '999·9' appears to the right, flanked by the denomination legend 'Au. 1/10 oz. ROYAL' in bold lettering along the lower rim, all within a beaded border. |
| Reverse script | Latin |
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| Additional information |
Gibraltar's Royal series launched in 1991 as a bullion and collector issue tied to the territory's British Crown status, with the Corgi design chosen partly to capitalize on the breed's well-documented association with the Queen's household. The fractional tenth-royal denominations were priced aggressively against the Krugerrand and Maple Leaf fractions entering the same market that year.
KM#92 is among the earliest entries in what became a long-running annual series, with later dates showing design refinements. The .9999 fineness matched the Canadian standard rather than the traditional .9167 of British gold sovereigns — a deliberate commercial choice.