Logo Title

⅕ Crown (Penny Black) – Isle of Man

Non-circulating coins
Commemoration: 175th Anniversary of the Penny Black
Context
Year: 2015
Issuer: Isle of Man Issuer flag
Currency:
(since 1970)
Total mintage: 2,000
Material
Diameter: 13.92 mm
Weight: 1.24 g
Gold weight: 1.24 g
Shape: Round
Composition: 99.99% Gold
Magnetic: No
Technique: Milled
Alignment: Medal alignment
Obverse
OBVERSE ↑
flip
Reverse
REVERSE ↑
References
Numista: #470702
Value
Bullion value: $206.39

Obverse

Description:
Right-facing bust of Queen Elizabeth II in the "Girls of Great Britain and Ireland" Tiara, with incused legend and date.
Inscription:
ELIZABETH II ISLE OF MAN 2015

IRB
Translation:
ELIZABETH II ISLE OF MAN 2015
IRB
Script: Latin
Languages: English, Manx Gaelic

Reverse

Description:
First Penny Postage Stamp
Inscription:
PENNY BLACK 175th ANNIVERSARY

POSTAGE

E ONE PENNY F

PM

1/25 CROWN
Script: Latin
Designer: Henry Corbould

Edge

Reeded

Mints

NameMark
Pobjoy Mint(PM)

Mintings

YearMint MarkMintageQualityCollection
2015PM2,000Proof

Historical background

In 2015, the Isle of Man's currency situation remained stable and closely aligned with the United Kingdom, reflecting its long-standing constitutional relationship. The Manx pound (IMP) continued to be pegged at par with the British pound sterling (GBP), a policy managed by the Isle of Man Government's Treasury. Sterling itself was the dominant currency in circulation, with UK-issued notes and coins used interchangeably with locally issued Manx notes and coins, which featured distinct designs but the same value. This arrangement provided economic stability and certainty for trade, finance, and the island's residents.

The year saw no major monetary policy shifts, as the Isle of Man, being a Crown Dependency, does not have an independent central bank and does not set its own interest rates. However, the broader economic context was influenced by the UK's continued recovery from the 2008 financial crisis and the approaching referendum on UK membership in the European Union, which began to generate long-term economic uncertainty. For the Manx economy, key sectors like offshore banking, insurance, and e-gaming relied heavily on this sterling link for predictability in international transactions.

A notable point of discussion in 2015, as in prior years, was the ongoing review and gradual introduction of newly designed, polymer Manx banknotes. This modernization effort, aimed at enhancing security and durability, proceeded without disrupting the fixed parity with sterling. Overall, the currency framework in 2015 functioned effectively, underpinning the island's economy while navigating the external pressures of the UK's pre-Brexit economic climate.

Series: Penny Black Stamp

⅕ Crown obverse
⅕ Crown reverse
⅕ Crown
2015
1 Crown obverse
1 Crown reverse
1 Crown
2015
¼ Crown obverse
¼ Crown reverse
¼ Crown
2015-2019
1 Crown obverse
1 Crown reverse
1 Crown
2015
⅕ Crown obverse
⅕ Crown reverse
⅕ Crown
2015
50 Pence obverse
50 Pence reverse
50 Pence
2020
50 Pence obverse
50 Pence reverse
50 Pence
2020
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