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5 Kwacha Goat

Issuer Reserve Bank of Malawi
Year 2005
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Thickness 3.0 mm
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Obverse script Latin
Obverse lettering ELIZABETH II 2005 MALAWI 5 KWACHA
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Additional information

Malawi's wildlife coin program of the mid-2000s was aimed squarely at the collector export market — pieces like this were never intended for domestic circulation in a country where the kwacha's purchasing power made a 5-kwacha face value essentially nominal. The silver-plated copper-nickel composition tells the whole story: the economics of the program depended on foreign collector premiums, not monetary utility.