Gibraltar 2.8 ECU 1993 coin or token? [solved]

Quote: "Jarcek"​Hello Peter,
​
​It is a token, no minted ECU ever had a value.
​
​Best regards,
​Jarek

It is an actual coin of Gibraltar issued as legal tender and with an equivalent pound value.

value supposed:   2.8 ECUs = 1 pound (GIP)

In my opinion the object of the commemorative is 2.8 ECU illustrated by the Eurotunnel England / France link, issued in legal value of 1 pound GIP

CREPOSUC

value supposed:   2.8 ECUs = 1 pound (GIP)

Almost,

The Gibraltar ECU was pegged to sterling at 1.4 to 1…

So, the coin had an equivalent value of £2 GBP.

There has never been a Gibraltar ECU

The European Currency Unit was created in 1979 between the financial institutions of the European Monetary System, its value was variable in each country, compensated by that of the other countries of the European Union until it was fixed in 1999 at 1 ECU=1 Euro.

The ECU has never been a real currency having currency with coins and notes

Coins and banknotes in ECUs are either exonumias (like Bitcoins) or commemoratives celebrating the ECU in a value of the issuing country.

CREPOSUC

There has never been a Gibraltar ECU
 

Not quite true.

https://www.gibraltarlaws.gov.gi/legislations/gibraltar-coinage-ecu-act-1990-1338

Local currency, its value is not that of the European ecu, it is linked to that of the moment of the pound of Gibraltar and the pound sterling.

CREPOSUC

Local currency, its value is not that of the European ecu…

Exactly, the European ECU was never a real currency, but the Gibraltar ECU was.  The Gibraltar government made it a legal tender currency (but only within Gibraltar) by pegging the value to Sterling, but they are not Sterling coins.

Pobjoy Mint has confirmed that the Gold/Silver coins were non-circulating commemoratives, but ‘some’ of the cupronickel coins did circulate.

Without Brexit, and joining the Euro zone, you could have issued Euros like Andorra, Monaco, San Marino.