50 Shillings Elephant

Somalia's elephant bullion series occupies an unusual niche: the issuing authority is nominal, with the coins designed, produced, and distributed almost entirely by the Bavarian State Mint (Bayerische Hauptmünzamt) in Munich under licensing arrangements. The "Somalia" designation is effectively a legal fiction that allows private bullion programs to exist outside major sovereign mint frameworks while still carrying face value.

The design changes annually, which drives collector demand well beyond melt value and keeps secondary market premiums unusually high for a bullion-class piece. The 2017 iteration is among the earlier issues in what became a widely followed annual series.