The final year of release for the Silver Zambian Elephant coin came in 2003, with yet another new design available and the coin’s reverse featuring the second consecutive year’s use of the portrait of Queen Elizabeth II. Right now you have the chance to purchase this final issue of the Silver Zambian Elephant with the Silver.com listing of the 2003 1 oz Silver Zambian Elephant coin.
- Arrives in a protective plastic capsule.
- Fifth and final version of the Silver Zambian Elephant!
- All-new 2003 design of the African Elephant!
- Consists of One Troy ounce of .999 fine silver.
- Bears a face value of 5,000 Kwacha backed by the Bank of Zambia.
- Obverse features the latest African Elephant theme.
- Reverse bears the image of Queen Elizabeth II.
For the first five years of the African Elephant Series, the Bavarian State Mint released the coins for the nation of Zambia, with a face value in the local Kwacha currency that was backed by the Bank of Zambia. The 2003 1 oz Silver Zambian Elephant Coin would be the last one issued in the series for Zambia, though the African Elephant Series would live on and eventually grow in size and stature.
Starting in 2004, these coins were struck for Somalia despite a lack of proven support within the war-torn nation for the coins. The rising popularity of silver and gold eventually led to an expansion of the series, featuring silver and gold bullion and proof specimens, as well as antique finished products and gilded 24-karat gold on silver coins.
On the obverse of the 2003 1 oz Silver Zambian Elephant Coin is the first of the modernized elephant designs. From 2003 onward, many of the African Elephant Series coins were more complex in the design set, and many include the use of tall trees from the savannas of Africa in the background. This design features a small herd of elephants grazing, with an adult in the foreground reaching high into the trees for food.
The reverse bears the right-profile portrait of Queen Elizabeth II, which was created in 1998 by Ian Rank-Broadley. The switch from the Zambian coat of arms to this image in 2002 was not entirely without merit, as Zambia was formerly a British colony in Africa.
All Silver Zambian Elephant coins were struck, and continue to be produced, by the Bavarian State Mint. Located in Munich, Germany, the mint is a state-owned entity of the Free State of Bavaria.
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