As low as $3.39 per coin over spot!
APMEX created the MintDirect® process to assure each of these 2017 Silver Elephant tubes comes directly from sealed Bavarian State Mint boxes, guaranteeing these .9999 fine Silver coins have not been searched or sorted since minting. 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.
- Each coin contains 1 oz of .9999 fine Silver.
- This tube contains 20 Silver Elephants for a total Silver weight of 20 oz.
- 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.
- Guaranteed by the Bavarian State Mint in Germany.
Add this 2017 MintDirect® 20-coin tube of Somalian 1 oz Silver Elephants to your cart today!
APMEX uses a special machine for this sealing process to ensure the products you receive are sealed completely, once they are removed directly from the mint boxes. The mint tubes are placed on the conveyor leading into the machine and the sealing process seals both ends of each tube with tamper-evident packaging. If this tube has been opened in any way, you will know it.
After the process is completed, the tube is removed from the machine and then checked to ensure the quality of the packaging meets our exacting standards. You now have a finished tube of MintDirect® 2017 1 oz Silver Somalian Elephant coins.
Once completed, the MintDirect® tubes are stored back in the vault until they are ordered by our customers. By using this process, APMEX can guarantee the coins you receive are in exactly the same condition and packaging as they were when they left the Bavarian State Mint.
The MintDirect® process provides you the assurance this product has not been opened, sorted or searched. Click here for more details.
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.