50 Pounds Regular issue, Series B

Gibraltar's wartime finances were managed on a shoestring. The 1914 series was authorised under emergency provisions as the colony scrambled to maintain liquidity after normal banking channels with Britain were disrupted by the outbreak of war. These early Government of Gibraltar notes were not produced in volume — the colony's commercial needs were modest and sterling-linked exchange kept large denominations largely out of everyday hands.

The 50 Pounds is the highest denomination in the Series B set and almost certainly saw the lowest circulation of any note in the issue. Surviving examples are rare by any measure, and most known specimens carry handling evidence suggesting institutional rather than retail use.