This fractional Gold African Elephant coin has a face value of 20 Shillings. Issued by Somalia in 2016, this coin is part of the ongoing African Wildlife series.
- Contains 1/2 gram of .9999 fine Gold.
- Obverse: The Somalian Coat of Arms and the date adorn the obverse of this coin along with the face value of 20 shillings.
- Reverse: Features a majestic elephant tromping through the savannah.
- Minted at the Bavarian State Mint in Germany.
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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 1/2 gram Gold Somalian Elephant to your cart today!
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.