10 Kwacha Malagasy Rainbow

The "Malagasy Rainbow" designation points to this being part of Malawi's early 2010s run of themed collector issues — a period when the Reserve Bank licensed its coinage program to overseas distributors, resulting in a flood of silver-plated pieces aimed squarely at the novelty bullion market rather than domestic circulation. KM# 102 sits in a crowded catalog of similar Malawian issues from this era, most produced by mints in Germany or China under contract.

Silver-plated copper-nickel on this size and weight will show base metal at any edge nick.