As low as $4.09 per coin over spot!
Each MintDirect® Premier Single is placed in a non-reactive plastic polymer authentication card to protect the coin’s finish. APMEX individually seals each coin to ensure the authenticity and condition after being removed directly from the mint boxes. African elephants are the largest and heaviest land animal on the earth with no known natural predators once they reach adulthood. This majestic animal graces the reverse of each coin with a design that changes yearly making it desirable by both collectors and investors.
Only coins received in the first 30 days of release are eligible for the MintDirect® Premier designation. This provides assurance that these 1 oz Silver Elephants are among the best struck releases of the year.
- Contains 1 oz of .9999 fine Silver.
- Packaged in RF-welded plastic polymer case (2 1/2" x 3 1/4"), protecting the coin's finish, with included authentication card.
- Obverse: Displays the Somalian Coat of Arms and the date along with the face value of 100 shillings.
- Reverse: Features a majestic elephant with his trunk in the air, walking across the Serengeti. In the background is a native grass hut next to a coconut tree with a glimpse of the sun rising above.
- Minted at the Bavarian State Mint in Germany.
Secure your Silver Elephant by adding an attractive display box to your order.
Being the largest land animal and one of the most majestic creatures on the planet, this is sure to be a hit with collectors and investors alike. Add this MintDirect® Premier Single 2017 Silver Somalian Elephant to your cart today!
At the end of every year, the Bavarian Mint issues coins that carry the date of the upcoming new year. Accordingly, the dies used to strike the coins from the prior year are destroyed and new dies are engraved, prepared and deployed to strike the coins for the new year.
The coin dies wear down over thousands of strikes, causing the details of the engraved die that transfers to the newly struck coin to flatten, diminishing the quality of the finished coin below standards. At this point, the dies are replaced. For each minting press, new dies may be required multiple times each year. Once the new dies are installed, the strike quality (the detail transferred to the newly struck coin) returns to its maximum. There is no public notice that dies are changed, and each minting press changes dies at different times required by die wear.
Because each new year brings new dies, APMEX has designated all products delivered by the Bavarian Mint during the first 30 days of their issuance that go through the MintDirect® process as MintDirect® Premier. MintDirect® Premier may not be recognized by external grading services. APMEX will only have a limited number of MintDirect® Premier products each year.
APMEX created the MintDirect® process to assure each of these 2017 Silver Elephant coins comes directly from sealed Bavarian State Mint boxes, guaranteeing these .9999 fine Silver coins have not been searched or sorted since minting. MintDirect® is your symbol of guarantee that these coins were processed from tubes that come straight from mint-sealed boxes, exactly as they were delivered, providing peace-of-mind when buying, holding or selling.
APMEX individually seals each MintDirect® coin to ensure that the authenticity and condition of each coin is protected after they are removed directly from the mint tubes. Each coin is placed in a protective authentication card composed of a non-reactive plastic polymer to protect your coin’s finish.
The sealing process seals the coin within the authentication card, creating a tamper-evident package that will guarantee your investment indefinitely. If the tamper-evident package has been opened in any way, you will know it. After the process is completed, the coin in the tamper-evident package is removed from the machine and checked to ensure that the quality of the packaging meets our exacting standards. You now have a finished 2017 1 oz Silver Somalian Elephant MintDirect® Premier Single.
By using this process, APMEX can guarantee that the coins you receive are authentic and in the exact condition as they were when they left the Bavarian Mint. The MintDirect® process gives investors confidence in their purchase, knowing that they can buy, hold or sell an authentic coin, guaranteed.
As one of the only Silver bullion coins in the world to change designs annually, the Silver Elephant coin series is sought after by both investors and collectors for its beauty and high Silver content. The reverse of the Silver coin always features one or more elephants in their natural habitat. Since 2004, the obverse features the seal of Somalia, showing two leopards supporting a shield and five-point star. Beneath them is a ribbon draped over two crossed lances and two crossed palm fronds. Prior to 2004, the obverse depicted the seal of Zambia.
Silver Elephant coins are minted at the Bavarian State Mint, which is said to be the oldest company in Munich. The mint began producing coins in 1158 under the authorization of Heinrich dem Löwen. Known locally as Das Bayerisches Hauptmünzamt, it is known for its high standards in manufacturing collector coins, seals and medals.
The history of the Silver Elephant bullion coin is both controversial and fascinating. The coin was first minted by the Bavarian State Mint under the legend of Zambia. In 2004, the mint claims to have been given permission to transfer the series’ legend to the Somali Republic. However, some experts have doubts about the mint’s claim to this authorization. Somalia has never recognized Silver Elephant coins as legal tender and the coins have never been distributed by the Central Bank of Somalia. Much of this confusion can be attributed to the political turmoil and unrest occurring within the country. Ongoing civil war has caused upheaval as Somalia works toward building a federal parliamentary republic. These factors are a likely source for the lack of sufficient documentation to support the Bavarian State Mint’s claims of authorization. Despite these issues, some experts believe the ambiguity surrounding Somalia’s approval of the coin only adds to its value.