25 Shillings Sand cat

Puntland occupies an awkward legal position — a self-declared autonomous region of Somalia that has never achieved international recognition as a sovereign state, yet has produced its own coinage since the early 2000s. These issues are widely regarded by numismatic authorities as fantasy or novelty pieces rather than legitimate circulating currency, produced primarily for the collector market by private minting operations contracting under the Puntland name.