5 Cedis - Elizabeth II Mandala I

Ghana's 5 Cedis commemorative program has leaned heavily on collector markets since the 2010s, with the Bank of Ghana licensing designs through European minting intermediaries — this piece almost certainly produced by a private mint on contract rather than struck domestically. The Mandala I designation implies a numbered series, meaning subsequent releases were planned from the outset as a set-building exercise aimed squarely at the bullion collectibles market.

The 21 inset colored stones are a production detail worth noting: individually seated gemstones in struck silver require secondary hand-finishing after the pressing stage.