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5 Cedis King Penguin Silhouette

Issuer Bank of Ghana
Year 2017
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Weight 31.1 g
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Obverse description Right-facing crowned effigy of Queen Elizabeth II occupies the left-center of the field, rendered in high relief with fine detail on the St. Edward's Crown and drapery. To the right, a large penguin-shaped cutout pierces the flan, creating a striking negative silhouette. The circular legend reads ELIZABETH II • 5 CEDIS • REPUBLIC OF GHANA around the upper periphery, while the Coat of Arms of Ghana is depicted in the lower field below the effigy.
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Obverse lettering ELIZABETH II • 5 CEDIS • REPUBLIC OF GHANA
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Additional information

Ghana has no geographic or historical connection to penguins whatsoever — this is a bullion-adjacent novelty issue produced almost certainly by a European mint on contract, a practice the Bank of Ghana has used repeatedly to generate foreign collector revenue with no expectation of domestic circulation. The King Penguin silhouette series circulated across multiple issuing authorities simultaneously in this period, with near-identical specifications appearing under different national names.

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