2000 Shillings The Sphinx and the Pyramids

Uganda's 1990s silver program leaned heavily on Egyptian iconography as part of a broader wave of African-themed collector issues produced for export to European and American markets — coins never intended to circulate domestically and rarely if ever seen inside Uganda itself. The Bank of Uganda licensed these designs through third-party minting arrangements common among smaller sovereign issuers seeking hard currency revenue from the numismatic trade.

KM#123 is one of several issues from this period struck to bullion-adjacent specifications, priced above spot on release and absorbed almost entirely by thematic collectors rather than silver stackers.