As low as $5.09 per coin over spot!
2017 is the first year for the 1/10 oz Silver Elephant. The Somalian Silver Elephant has been popular worldwide since it was first introduced as a 1 oz coin. Here is a great opportunity to add to your collection. 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.
- Contains 1/10 oz of .9999 fine Silver.
- Multiples of 50 are packaged in mint tubes. All other coins will be in protective plastic.
- Obverse: Displays the Somalian Coat of Arms and the date along with the face value of 10 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.
Handle your 1/10 oz Silver Elephants with care by adding these cotton gloves to your order.
Being the largest land animal and one of the most majestic creatures on the planet, this gorgeous elephant design is sure to be a hit with collectors and investors alike. Add this 2017 1/10 oz Silver Somalian Elephant coin to your cart today!
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.