It is believed the first sheep arrived on the Falkland Islands with French settlers in 1764. Commercial sheep farming started up almost 80 years later on East Falkland island and by 1867 farms were established on West Falkland island. The wool industry would remain the most important part of the economy right up to 1980 when wool prices seriously declined. Sheep farming remains an important part of the identity of the Islanders.
The sheep design first appeared in 1982 (KM17). This version features an updated portrait of Queen Elizabeth.
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