2016 Somali Elephant This Silver Bullion Information Video Series presents a new silver bullion coin, round or bar each week with its history, facts and my opinions.
I realized that I was buying silver and really didn't know that much about it. The information is there on the bullion dealers page and all over the internet but you have to stop and read it! I rarely took the time to read the history and background on all this silver bullion I already own. When I did take the time, I was amazed at some of the stories that are attached to these coins, rounds and bars. So much history and culture is depicted in all the bullion we stack.
So, I thought I would put together this video series to present these interesting stories and facts about the bullion in our stacks or want stack in the future. I hope you enjoy!
If you like this video, stop by my SilverTorch66 Channel at https://www.youtube.com/channel/UC4lo... and check out my other content.
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• African Elephants first appeared on the African Wildlife coin series in 1999 for the nation of Zambia. In 2004, the nation of issue was switched to the country of Somalia, which is located along the Horn of Africa. Since that time, the coin has been released on behalf of Somalia with new designs annually on the obverse, and the coat of arms on the reverse.
• The Somalian Silver Elephant coin is one of the fastest growing coin series in the world in terms of popularity. Struck by the Bavarian State Mint with a unique design feature on the obverse each year, these coins are coveted both for their silver content and their new designs.
• The African Elephant is the world’s largest land mammal. For decades, elephants were hunted to the brink of extinction, due in large part to the value of the ivory in their tusks. Today, efforts are underway to protect the elephant, and the African Wildlife Series calls attention to those efforts by featuring the massive beasts on the obverse.
• On the obverse side of the 2016 1 oz Somalian Silver Elephant is the latest imagery of the African Elephant in the series. features a magnificent elephant as it rumbles through the rolling grasslands of Africa. The remarkable, complex design shows the animal with its trunk in the air with a bright moon in the distance. “ Engravings include the words “African Wildlife,” “Elephant,” and the coin’s weight, metal content, and purity.
• The reverse side always features the coat of arms for the nation of Somalia. It displays a horizontally striped shield bearing a single star, supported by two leopards rampant. A ribbon wrapped around two crossed spears, as well as two crossed palm fronds, appear below this emblem. The words “Somali Republic” appear in English at the top of the coin; the date, broken into two parts of two digits each, flanks the central design; and the legend “100 Shillings” appears at the bottom of the coin.
• About the Bavarian State Mint
• Founded in 1158 in the capital of Germany’s Bavarian region, Munich, the Bavarian State Mint is the oldest operating company in the city, and one of the oldest operating mint facilities in Germany. Today, the Bavarian State Mint is a state-owned entity of the government in the Free State of Bavaria, and operates as one of the five German government mints.
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• While the Bavarian State Mint claims to have a letter of authorization on file from an individual within the government of Somalia, the head of the nation’s central bank insists that no authorization was given to the Bavarian State Mint to produce these coins for the nation of Somalia. The current political climate in Somalia, with a fractured and ineffective central government ruling the capital and outlawed criminal groups controlling the countryside, makes it particularly difficult to establish the legal tender status of the Somalian Elephant.
• this country does make use of the shilling as their currency. But there is some speculation, that the Somalia government has not authorized these coins, that they are NOT legal tender. In fact the proof sets come with a COA that is signed by their central bank governor! But he isn't a current central bank governor, in fact he hasn't been involved in the central bank since the late 1960s!
THANKS FOR WATCHING
2016 Somali Elephant | |
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| People & Blogs | Upload TimePublished on 15 Jun 2016 |
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