As low as $68.99 per coin over spot!
All Gold Elephant coins in MintDirect® packaging are guaranteed to be in the exact condition as they came to us. The MintDirect® Single is the newest offering in our exclusive MintDirect® program. 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.
APMEX individually seals each MintDirect® coin to ensure the authenticity and condition after the coins are removed directly from the mint boxes. Each coin is placed in a protective, non-reactive plastic polymer authentication card to protect your coin’s finish. This process seals the coin within the card, creating a tamper-evident package that guarantees your investment indefinitely. Learn more about the tamper-evident process here.
- Contains 1 oz of .9999 fine Gold.
- 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 1,000 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 Gold Elephant by adding an attractive display box to your order.
These Gold coins are the perfect blend of famed beauty and investment appeal, and are guaranteed to be in mint condition. Add the popular 1 oz Gold Elephant MintDirect® Single coin to your cart today!
APMEX has created a process to guarantee that our customers receive only authentic Bavarian State Mint coins. 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 MintDirect® Single 2017 1 oz Gold Elephant.
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 bullion coins in the world to change designs annually, the Gold Elephant coin series is sought after by both investors and collectors for its beauty and high Gold content. The reverse of the Gold 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.
Gold 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 Gold 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 Gold 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.