100 Shillings Elephant, Silver

Somalia's elephant bullion series, launched in 1999, occupies an unusual position in the modern silver bullion market — the issuing nation has no functional central bank capable of authorizing coinage in any conventional sense, with production contracted entirely through the Bavarian State Mint in Munich. The legal tender status is largely nominal, a arrangement that has become quietly standard practice among several African nations licensing their sovereignty for bullion programs administered by European mints.

The 2016 issue marked a design refresh from the previous year's iteration, a selling point the series uses annually to drive collector demand alongside bullion buyers.