Catalog
5 Kwacha Horse
| Issuer | Reserve Bank of Malawi |
|---|---|
| Year | 2005 |
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| Orientation | Medal alignment ↑↑ |
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| Obverse description | Right-facing crowned effigy of Queen Elizabeth II, after the third portrait by Raphael David Maklouf, wearing the George IV State Diadem with pearl drop earrings and a beaded necklace. The legend ELIZABETH II arcs along the upper rim, while the date 2005 appears at the lower left, MALAWI at the lower centre, and 5 KWACHA at the lower right. The Malawian coat of arms is depicted at the bottom of the field, below the truncation. A beaded inner border runs along the entire circumference. |
|---|---|
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| Edge | Reeded |
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| Additional information |
Malawi's 5 Kwacha equestrian series was part of a broader wave of silver-plated base metal issues produced for the collector market in the early 2000s, largely distributed through European numismatic wholesalers rather than through any domestic circulation channel. The Reserve Bank issued these pieces under licensing arrangements that kept production costs low while targeting foreign hobbyists — the coins were never intended to function as currency within Malawi itself.