1500 Shillings Elephant

Tanzania's gold bullion program has issued coins in elephant themes repeatedly, positioning the series alongside more established African wildlife bullion from South Africa and Somalia. The 1-gram format targets fractional bullion buyers priced out of full-ounce product — a market segment that expanded sharply after 2010 as gold prices climbed past $1,000 per troy ounce and stayed there.

KM#116 is among the smaller-denomination entries in the Tanzanian bullion catalog.