The Bavarian State Mint’s Somalian Elephant coin series is one of the more unique offerings for investors and collectors today. Although it is considered a sovereign coin, its legal tender status remains a question mark after more than a decade of production. Nonetheless, its brilliant annual designs and .999 purity make it a must-have product for investors and collectors alike. Today, the 2016 1 oz Gold Somalian Elephant Coin is available on Silver.com.
- Coins ship in individual plastic capsules.
- Consists of one troy ounce of .999 fine gold.
- Bears a face value of 100 Shillings (Somalia).
- Features the all-new elephant design for 2016.
Gold Somalian Elephant coins, along with their silver counterparts, have a questionable status as legal tender coins. The nation of Somalia has a weak central government and conflicting stories exist on the authorization to produce this coin in the nation’s name. One representative of the Somalian central government previously authorized the coins, while the nation’s central bank chief has denied that.
Regardless of its legal tender status, Gold Somalian Elephant coins are coveted by collectors for the changing design sets each year. While the motif always focuses on the African Elephant in its natural habitat, the specific designs change from one year to the next. Investors view the coins as a great option due to the .999 purity of the gold content.
On the obverse face of the 2016 1 oz Gold Somalian Elephant Coin is the latest elephant motif to grace the coin series. Included with the new design are the standard engravings of “African Wildlife,” “Elephant,” and the coin’s weight, metal content, and purity.
The reverse face features a depiction of the coat of arms for Somalia. In the design, a pair of leopards stand on either side of a shield, which itself bears a single star in the center with a backdrop of horizontal lines. A pair of spears cross below the shield, and are wrapped in a ribbon. The name “Somali Republic” is engraved above, the year of minting is split into two digits on either side of the shield, and the face value is engraved below.
If you have any questions about these coins, don’t hesitate to reach out to Silver.com. Our associates are available on the phone at 888-989-7223, online using our live web chat, or via email.