2nd portrait of Queen Elizabeth II facing right. Lettering around outside, date below.

Mint mark: PM (Pobjoy Mint).

Engraver: Arnold Machin.

The 15th and 16th centuries are represented by a Flemish Carrack of the 15th century. In the background is St. Michael's Island where Sir John Stanley, Lord of Man, codified the laws of the Island in 1429. To left and right can be seen Derby Fort and St. Michael's Chapel.

A carrack was a three- or four-masted sailing ship developed in the 15th century by the Genoese for use in commerce. The bowsprit was greatly extended and these ships had a characteristic deep sheer fore and aft curvature, were clinker built, and had double rows of gun ports. They were widely used by Europe's 15th-century maritime powers, from the Mediterranean to northwest Europe, although each region had models of slightly different design. The name ‘carrack’ probably derives from the Arab Harraqa, a type of ship that first appeared along the shores of the Tigris and Euphrates rivers roughly during the 9th century.

St Michael's Isle is an island of the Isle of Man in Malew parish, noted for its attractive ruins. St Michael's Chapel, a 12th-century chapel, is located on the south side of the island. This Celtic-Norse chapel was built on the site of an older Celtic keeill. Derby Fort, a 17th-century fort, is located at the eastern end of the island. Built by James Stanley, the 7th Earl of Derby and Lord of Mann in 1645, the fort was constructed during the English Civil War to protect the then busy port of Derbyhaven.

Engraver: Leslie Lindsay.