Somalia's elephant bullion series has been issued annually since 2004, making it one of the longer-running African gold bullion programs. The series is actually produced by the German private mint Bayerisches Hauptmünzamt (the Bavarian State Mint) under contract, which accounts for its consistently high technical quality — the .9999 fineness standard was adopted to compete directly with the South African Krugerrand and Austrian Philharmonic in the international bullion market.
Despite the Somali government imprimatur, these coins are not produced in or distributed through Somalia itself.
Somalia's elephant bullion series has been issued annually since 2004, making it one of the longer-running African gold bullion programs. The series is actually produced by the German private mint Bayerisches Hauptmünzamt (the Bavarian State Mint) under contract, which accounts for its consistently high technical quality — the .9999 fineness standard was adopted to compete directly with the South African Krugerrand and Austrian Philharmonic in the international bullion market.
Despite the Somali government imprimatur, these coins are not produced in or distributed through Somalia itself.