SOMALI SILVER ELEPHANT

SOMALI SILVER ELEPHANT 2016-11-05T06:34:26+00:00

Project Description

Minted in Munich, Germany at the Bavarian State Mint (Bayerische Hauptmünzamt), there remains some confusion as to these being legal tender in Somalia or not, hardly surprising given the political state there. They’ve become generally accepted in the collectors community regardless, mainly due to the annual reverse change that’s both beautifully designed and minted to a very high quality.

First issued in 1999 for Zambia before changing to Somalia in 2004, they’re made from 0.999 silver and quite widely available although carrying a higher premium over spot than the major bullion coins. On the plus side, they appreciate much better as well and remain a great buy. The 2013 and 2014 have seen a reversal, with some quite low premiums coming into play, making them superb buys

These coins are standard-sized silver bullion coins, 40 mm in diameter, and weighing in at 1 troy ounce (31.1 grams) of 99.9% pure silver.  The edges of all the coins are reeded.

The obverse of these coins since 2004 bears the armorial achievement of Somalia – a horizontally striped shield bearing a single star, supported by two leopards rampant. A ribbon wrapped around two crossed spears, as well as two crossed palm fronds, appear below this emblem. The words “Somali Republic” appear in English at the top of the coin; the date, broken into two parts of two digits each, flanks the central design; and the legend “100 Shillings” appears at the bottom of the coin. From 1999-2001, the Zambian cat of arms was displayed, before changing into the profile portrait of Queen Elizabeth II for 2002-2003.

Mintages for some ridiculous reason are not widely reported and the figures at bottom are the best current estimates we’ve seen bandied about.

First Issue 1999
Monetary Denomination (SOS) 1000
Fineness (% purity) .999
Minimum Gross Weight (g) 31.10
Maximum Diameter (mm) 39
Edge Reeded
Quality Uncirculated

 

 

 

 

 

Obverse-1999-2014

 

BAYERISCHE HAUPTMUNZAMPT

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