Any quantity only $3.09 per coin over spot!
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 non-reactive plastic polymer authentication card to protect your coin’s finish. Learn more about the tamper-evident process here.
- 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: The Somalian Coat of Arms and the date along with the face value of 100 shillings.
- Reverse: Features a majestic elephant tromping through the savannah.
- 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 2016 Silver Somalian Elephant MintDirect® Single coin to your cart today!
APMEX has created a process to guarantee that our customers receive only authentic Bavarian 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® 2016 1 oz Silver Somalian Elephant 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 bullion coins in the world to change its design annually, the Silver Elephant series is certainly unique. The reverse of the Silver Elephant always features one or more elephants in their natural habitat. Since 2004, the obverse has featured the seal of Somalia, showing two leopards supporting a shield and five-pointed star. Beneath them is a ribbon draped over two crossed lances and two cross palm fronds. Prior to 2004, the obverse depicted the seal of Zambia.
Silver Elephants are minted at what is said to be the oldest company in Munich. Established in 1158, the Bavarian State Mint, locally referred to as Das Bayerisches Hauptmünzamt, was established under the authorization of Heinrich dem Löwen. The mint is known for its quality and high standards in manufacturing collector coins, seals and medals.
The ever-changing design is not the only thing unique about this Silver bullion coin. From 1999 until 2003, the Silver Elephant coin series was produced by the Bavarian State Mint for Zambia, a landlocked country in southern Africa. In 2004, the mint transferred the series’ legend to the Somalia Republic, a coastal nation located on the horn of Africa. However, experts have questioned the validity of this authorization. Somalia does not recognize Silver Elephants as legal tender and the coins have never been distributed by the Central Bank of Somalia. Much of the confusion can be attributed to the political turmoil and strife that is currently afflicting Somalia. Civil war also plagued the country, interfering with Somalia’s efforts to work towards building a federal parliamentary republic. These circumstances are likely reasons for the lack of sufficient documentation to support the Bavarian State Mint’s claims of authorization. Despite these issues, some experts suggest that the ambiguity surrounding Somalia’s approval only adds to the Silver Elephant coin’s value.