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200 Shillings Elephant
| Issuer | Central Bank of Somalia |
|---|---|
| Year | 2017 |
| Type | Non-circulating coin |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse description | Log in to see details |
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| Reverse lettering | AFRICAN WILDLIFE · ELEPHANT · 1/4 oz Au 999.9 · |
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| Additional information |
Somalia's elephant bullion series has been issued annually since 2004 and occupies an unusual position in the gold bullion market: it is produced under license by the German firm Leipziger Edelmetallverarbeitung (LEV), not by a Somali mint, and marketed primarily to European collectors. The nominal face value is legally assigned but bears no practical relationship to the coin's gold content or market price — a common arrangement for modern bullion issues seeking the legal-tender designation required by some institutional buyers.
The series changes its reverse design annually, which drives collector demand well beyond spot and sustains a secondary market in earlier dates.