100 Shillings Elephant

Somalia's Elephant series has no connection to the country's monetary system in any practical sense — these are bullion issues produced under licensing arrangements and sold entirely to foreign collectors and investors. The Somali government grants the franchise; the coins are struck in Europe, most likely at the Bavarian State Mint in Munich, which has handled much of this series.

The design changes annually, a deliberate strategy borrowed from the South African Krugerrand's competitors to drive year-on-year collector demand.