2016 Somalia 1 oz Gold African Elephant BU

2016 Somalia 1 oz Gold African Elephant BU

As low as $69.99 per coin over spot!
The Somalian Elephant coins are known for their beautiful renditions of the majestic creature and this 2016 1 oz .9999 fine Gold coin is no different!

Coin Highlights:

  • Contains 1 oz of .9999 fine Gold.
  • All elephants are in a protective plastic capsule.
  • Obverse: The Somalian Coat of Arms and the date adorn the obverse of this coin along with the face value of 1000 shillings.
  • Reverse: Features a majestic elephant tromping through the savannah.
  • Minted at the Bavarian State Mint in Germany.

Protect and display your coin in style by adding an attractive display box recommended for this coin.

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 Gold Somalian Elephant to your cart today!

The 1 oz Gold African Elephant bullion coin is a beautiful testament to the majesty of the world’s largest land mammal. Part of the African Wildlife series, this bullion coin made of .9999 fine Gold was first minted in 1999 under the authorization of Zambia. Beginning in 2004, the series has featured Somalia as the country of issue. The Gold Elephant is available in a wide variety of sizes including 1/2 gram, 1/50 oz, 1/25 oz, 1/10 oz and 1 oz.

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.
Customer Reviews of 2016 Somalia 1 oz Gold African Elephant BU
2016 Somalia 1 oz Gold African Elephant BU
4.7 Overall

(based on 6 reviews)

Reviewed by 6 customers

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Displaying reviews 1 - 10 Back to top

Beautiful art.

By  gold

from London, Ontario, Canada

5.0

very nice design, I love the series of Somali Elephants, more rare than Kangaroo, Every year new design, minted in Germany. -large coin, the series start 2010, and every coin is very beautiful. its not just common gold BU coin, its art and beauty with value.

Pros

  • Attractive Design
  • Mint Condition

Wow... my favorite so far.. as big as the silver ounce.. super shinny

By  Mr. Metal

from Seattle, Wa

5.0

Wow... my favorite so far.. as big as the silver ounce.. super shinny

Pros

  • Attractive Design
  • Collectible (lower mintage)
  • Mint Condition

Somalia 1 oz Gold Aftrican Elephant

By  Randy

from Edmonds, Wa

5.0

Beautiful coins almost proof like

Pros

  • Attractive Design
  • Collectible (lower mintage)

2016 Somalia Elephant 1 oz.

By  Jake

from Pompano Florida

5.0

A beautiful coin in all editions 2014 -2016.

Pros

  • Value (low premium over spot)
  • Attractive Design
  • Mint Condition
  • Recognized Brand

Cutting Corners?

By  Alex

from Midwest

3.0

Like all the Somalia Elephants, this one is lovely. Great quality coin and price over spot is typically lower than average. My issue with the coin this year is that, unlike all the other Somalia Elephant coins, this one is unoriginal. They took the 2009 Somalia Elephant and simply reversed it and raised the sun a bit higher. Ridiculous! The point of changing the design each year is to put out a unique and original coin, not cut corners and simply change an old design around a little. Seriously hope they don't pull a stunt like this again in the future.

Pros

  • Value (low premium over spot)
  • Easy to Sell
  • Mint Condition

Cons

  • Unattractive Design

Almost proof-like

By  Rick

from Columbus, OH

5.0

The coin is a little bit larger in diameter (and thinner) than other coins such at the Eagle, Maple Leaf or Kangaroo. I think the larger size allows for a crisper image. They are very beautiful coins. It's also nice that it comes in a protective plastic capsule.

Pros

  • Value (low premium over spot)
  • Attractive Design

Displaying reviews 1 - 10 Back to top

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