This series will include the elephant, lion, rhino, leopard and buffalo. Somalia Gold Elephant Coins Background and History. Coin Highlights: Arrives in either a protective plastic flip, a tube of 10 coins, or a mini Monster Box of 250 coins! (Bloomberg) -- Investors seeking a haven from the economic turmoil created by the coronavirus pandemic are snapping up platinum coins engraved with African wildlife. We encourage all Silver.com customers to call us with questions. The series isn’t even produced on the African continent. Elephant coin was minted in 2016 and has a proof finish. Over 2,000 coins featuring an elephant sold out to U.S. and Asian investors after being minted in March, according to Prestige Bullion. “The demand remains high and we expect to take orders once production resumes.”. Big 5 Elephant Platinum Proof coin 1oz Pt 999.5. Arrives in a display box. Today, the Bavarian State Mint is entirely owned and controlled by the state government in the Free State of Bavaria and operates as one of the four major mints for the German nation. Bloomberg | Quint is a multiplatform, Indian business and financial news company. The 2016 introduction of the Somalia Platinum Elephant coin saw the bullion collection gain a 1 oz option in platinum. The engravings on this side include the year of issue split on either side of the coat of arms, with “Somali Republic” on the top rocker and the face value below. In the background field of the coin, youâll notice dead trees on the savanna and birds taking flight off the remaining branches. Over 2,000 coins featuring an elephant sold out to U.S. and Asian investors after being minted in March, according to Prestige Bullion. The .9995 pure platinum coin features the Somali national crest on the reverse side and an Elephant near a river bank in a sunrise setting. Kalakaua I (10 ... Coinscatalog.NET is a complete catalog of world coins. The Platinum Elephant is the first Platinum coin in the Big Five Series from The South African Mint. The South African Mint released a Big Five coin programme, featuring wildlife that flourish in South Africa. SA MINT Big 5 platinum bullion elephant. Tube: 10 coins. It's actually made of .9995 fine platinum. 2020 South Africa 1 oz Platinum Big Five Elephant Coin BU . As mentioned above, the Somalia Elephant Series originated as a coin collection with only a 1 oz silver coin available (1999-2003). Today, the Somalia Elephant Series focuses heavily on the 1 oz coin in all three metallic options. In 2004, when the Bavarian State Mint shifted the program to Somalia it introduced the Gold Elephant coin into the series (2004-present). “The low platinum price in March was a buying opportunity, but the concerns regarding global risk and the huge negative fiscal impact of the Covid-19 pandemic are likely to continue the demand for precious metals, including platinum,” Raymond said. The South African platinum elephant coin weighs 1 troy ounce and contains .9995 fine platinum. per page. Over 2,000 coins featuring an elephant were sold out to US and Asian investors after being minted in March. These 1 oz coins, which contain .9995 pure platinum, celebrate the rich and diverse species which grace the South African Veld! Originally, the Zambian/Somalia Elephant Series had strictly limited mintage figures and were only available as the Silver Elephant (1999-present). In 2016, with platinum prices rising and demand for the metal growing again, the Bavarian State Mint issued the first-ever 2016 Somalia Platinum Elephant coin in bullion and proof options. All Rights Reserved. Elephant platinum coins sell out in South Africa - MINING.COM Comes in protective plastic packaging. The platinum bullion coins will feature the Big Five in a multiyear range â starting in 2020 and continuing through 2022, showcasing the elephant, lion, rhino, leopard and buffalo. Its rich minting history includes the production of coinage for the autonomous Principality of Bavaria and its local princes. Subscribe to the JM Bullion newsletter to receive timely market updates and information on product sales and giveaways. In 2004, the series expanded for the first time to include a Gold Elephant coin alongside the Silver Elephant. Platinum is used in catalytic converters, electronics and jewelry.The first and only case when platinum coins were used as a regular national currency was in Russia. These four-coin proof sets arrive in beautiful, black display boxes that feature a lined interior with text that indicates “African Wildlife – Platinum” and the year of issue on the set. Additionally, this 2020 platinum elephant coin arrives in brilliant uncirculated condition and holds a face value of 20 Rand. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. Somalian Elephant Silver Coins; Somalian Elephant Gold Coins . In any given year, the Somalia Elephant Series coins share the same design across silver, gold, and platinum. Eâ¦ This coin has a lower Mintage than the gold and is sensational in platinum â¦ Their first release is the 2020 South Africa 1 oz Platinum Big Five Elephant Coin BU. Handle your coins with care by adding these cotton gloves to your order © Copyright 2021 JM Bullion. Since the 1999 introduction of the coin for Zambia, the Bavarian State Mint has handled the coining of the products in this collection. The Rhino is the third of the ferocious 5 to be featured in this series. In perhaps one of the more unique twists in modern bullion coinage, there is no evidence to suggest the Bavarian State Mint had the authorization of Zambia to make this switch or support from the Republic of Somalia to back the coins as legal tender. Make sure to purchase one of these groundbreaking coins â¦ The 2016 and 2017 Proof Somalia Platinum Elephant coin sets include a proof 1 oz coin along with ½ oz, ¼ oz, and 1/10 oz options which are not otherwise available to purchase in fractional weights. Johannesburg-based Mining Weekly first reported on the story. Obverse: Features a close-up of the elephant with its ears flared and trunk and tusks being the dominant feature. This is among the few bullion coins on earth which changes its designs every year. Each coin contains 1 oz of .9995 fine Platinum. The coins are issued every 6 months, starting with the Elephant and the Lion in 2019. Platinum Coins for Investment About ; Careers; Contact ; Home; Platinum; Platinum Coins; Platinum Coins. Beginning in 2004, the coin series was shifted by the Bavarian State Mint to the Republic of Somalia. Below the shield and leopards, you’ll find two crossed lances and two crossed ferns. Read more about South Africa platinum coins. Image: SA Mint More will be produced once South Africaâs [â¦] Highlights: Arrives with a protective plastic flip, a mint tube of 10 coins, or a mini Monster Box of 250 coins! By Felix Njini and â¦ 10 Item(s) Sort By. Their first release is the 2020 South Africa 1 oz Platinum Big Five Elephant Coin BU.This coin marks the first platinum bullion coins produced solely by â¦ All other coins will be in protective packaging. Founded in 1158, the Bavarian State Mint is the oldest company in operation in the city of Munich. As the world leader in the production of Precious metals, South Africa provides a plethora of platinum to the global market. Rand Refinery Rand Refinery 1 oz 2020 Elephant Platinum Coin The South African Mint has expanded its line of products with the new big five series! The Somalia Platinum Elephant coins have a new design on the reverse face every year just like the silver and gold versions of the coin. 1 st release of the South African Big Five Platinum coin! Each one comes with a Certificate of Authenticity, and to date, the sets have been strictly limited to just 100 in total. In the years to come, particularly during the Great Recession (2008-2010), the Bavarian State Mint began to expand the offering of coins in both silver and gold. The initial minting of the new South Africa platinum coin has been an instant success as demand for platinum coins skyrockets worldwide. Contains 1 Troy oz of .9995 pure platinum in BU condition. For example, the latest 2018 design features a massive African elephant with its trunk seemingly reaching off the surface of the coin to the viewer. The Somalia Platinum Elephant bullion coin is only available in 1 oz, but there are fractional ounces available in proof. Engravings around the design rocker include “African Wildlife” along the top and “Elephant – 1 oz PLATINUM.”. All products in this category are out of stock at the moment. Today, the 2020 1 oz South African Big Five Elephant Platinum Coins is available to you online from JM Bullion. The premium that coin purchasers typically pay above spot prices has widened as demand surged in March and April amid constrained supplies and market turmoil caused by the pandemic, according to Trevor Raymond, director of research at the World Platinum Investment Council. The Big Five Series is introduced for the first time in 2019. More will be produced once South Africa’s virus lockdown is lifted, said Richard Collocott, managing director of the Johannesburg-based company. As the world leader in the production of Precious metals, South Africa provides a plethora of platinum to the global market. The South African Mint celebrates Africaâs unique natural heritage by embodying the strength and beauty of the âBig 5â in this new series of platinum. Contains 1 oz of .9995 fine Platinum. The coins were then known as the Zambian Elephant Series and featured new designs on the reverse every year depicting the African elephant species. Prestige Bullion, jointly owned by the South African Reserve Bank and Rand Refinery, is targeting a 20% share of the 100,000-ounce global market for platinum coins. The design includes the national shield with a five-pointed star supported on either side by a leopard. On the obverse of the coins is the coat of arms for the Republic of Somalia. JM Bullion customer service is available at 800-276-6508, online using our live chat, and via our email address. However, silver buyers will find the Somalia Silver Elephant available in weights that include 1 Kilogram, 10 Troy oz, 1 Troy oz, and as of 2017, fractional-ounce coins. While it shares the same annual designs issued each year with its silver and gold counterparts, the platinum coin in this collection is unique in that it is only available as a 1 oz weighted coin. The Somalia Platinum Elephant coins have a new design on the reverse face every year just like the silver and gold versions of the coin. South Africa is the worldâs largest platinum producer. We apologize. Investors seeking a haven from the economic turmoil created by the coronavirus pandemic are snapping up platinum coins engraved with African wildlife. Multiples of 250 are packaged in boxes. Learn more about this series and the introduction of the Platinum Elephant below! Coin Highlights: Total mintage of these coins limited to just 1,000 for global distribution! This coin marks the first platinum bullion coins produced solely by the South African Mint. The obverse of the coins had the legend, or coat of arms, for Zambia from the 1999 introduction of the series until 2003. Each coin contains .9995 fine platinum, and featured weights include a 1 oz, ½ oz, ¼ oz, and 1/10 oz coin. Contains 1 Troy oz of .9995 pure platinum in BU condition. Platinum (61) Aluminum (7) Palladium (1) Gilt (1) Ruler. “The platinum bullion coin has performed strongly with good levels of interest from customers, especially in the U.S. and Asia,” Collocott said. This collection of coins is as unique as they come, with an interesting background story, changing designs annually, and perhaps the widest variety of weights and metals you’ll find in any collection. Spot platinum has rebounded to about $841 an ounce, after dropping to $591.20 on March 19. Over 2,000 coins featuring an â¦ 2016 not only brought about improvements in the purity of and expansion in the silver series, it also brought about the introduction of the first-ever Somalia Elephant Platinum bullion coin. In any given year, the Somalia Elephant Series coins share the same design across silver, gold, and platinum. For example, the latest 2018 design features a massive African elephant with its trunk seemingly reaching off the surface of the coin to the viewer. The coins â¦ Missing BloombergQuint's WhatsApp service? The Somalia Platinum Elephant coins, along with the silver and gold options, are unique in that the coins are not produced in Somalia. Investors seeking a haven from the economic turmoil created by the coronavirus pandemic are snapping up platinum coins engraved with African wildlife. 2020 Somalia Elephant Platinum Coins. This coin is the first bullion coin series manufactured exclusively from Platinum mined in South Africa. Reverse: Features the majestic Somalian Elephant(s). Elephant platinum coins sell out in South Africa Additional coins showing the rest of the Big Five will be minted at six-month intervals. Issued by the Bavarian State Mint, the Somalia Elephant coins actually originated as a coin issued in the African Wildlife Series for the nation of Zambia. The coins in the Platinum Elephant range are available from JM Bullion. 1 st issue of South African Big Five Elephant 1 oz Platinum coins! The Somalian Platinum Elephant was first produced in 2016.
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