50 Shillings Elephant

Somalia's elephant bullion series occupies an unusual position in the modern gold coin market — issued under Somali authority but produced and distributed entirely through the German private mint Bayerisches Hauptmünzamt (the Bavarian State Mint) in Munich, with no meaningful connection to Somali monetary infrastructure. The arrangement is essentially a licensing agreement, a practice that has drawn periodic scrutiny from collectors debating whether these constitute sovereign issues at all.

The 1/25 oz format was introduced to capture entry-level bullion buyers priced out of the 1 oz market.