When most investors and collectors think of bullion coins to purchase, silver and gold products come to mind first. Rising prices for these metals have pushed demand for bullion coins to all-time highs. Quietly in the background, rising platinum prices have spurred an increase in the striking of bullion coins using this precious metal. In some cases, mints have introduced all-new versions of existing coins to capitalize on this demand. Such is the case with the 2016 1 oz Platinum Somalian Elephant Coin, available today on Silver.com in proof condition.
- Total mintage of these coins limited to just 1,000 for global distribution!
- First-ever Platinum Somalian Elephant Coin!
- Arrives in a display box.
- Consists of One Troy ounce of .9995 fine platinum.
- Bears a face value of 1,000 Shillings (Somalia)
- Obverse features the latest Somalian Elephant design.
- Reverse includes the national crest of Somalia.
- Struck by the Bavarian State Mint of Germany.
The Somalian Elephant coin series has gained notoriety and popularity in recent years due in large part to the limited mintage figures for gold and silver versions, as well as the changing design of the coin’s obverse each year. While the theme always remains focused on the elephant and its natural surroundings, the specific features on the coin’s obverse change from year to year.
Originally available only in silver and gold, the coin series now features the 2016 1 oz Platinum Somalian Elephant coin.
The reverse face of each coin bears the official seal for the nation of Somalia. In the design, the heraldic shield of Somalia is featured with a wild cat on either side of the shield, and engravings include the nation’s name, the year of issue split on either side of the shield, and the coin’s face value.
On the obverse of the 2016 1 oz Platinum Somalian Elephant Coin is the 2016 elephant design, which depicts the world’s largest land mammal as it stands along the banks of an African river. Engravings identify the coin series and the coin’s weight, purity, and metal content.
Each of these 2016 1 oz Platiinum Somalian Elephant Coins is produced by Germany’s Bavarian State Mint. A state-owned entity of the Free State of Bavaria, the mint was originally opened in 1158 and uses state-of-the-art coining processes to produce some of the world’s finest precious metal products.
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