The initial minting of the new South Africa platinum coin has been an instant success as demand for platinum coins skyrockets worldwide. Additional coins showing the rest of the so-called Big Five animals -- lion, rhinoceros, leopard and buffalo -- will be minted at six-month intervals. All Rights Reserved. Its rich minting history includes the production of coinage for the autonomous Principality of Bavaria and its local princes. Consists of One Troy ounce of .9995 fine platinum. Contains 1 oz of .9995 fine Platinum. First-ever Platinum Somalian Elephant Coin! This coin is the first bullion coin series manufactured exclusively from Platinum mined in South Africa. Multiples of 10 are packaged in tubes. The design includes the national shield with a five-pointed star supported on either side by a leopard. These 1 oz coins, which contain .9995 pure platinum, celebrate the rich and diverse species which grace the South African Veld! 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. The Platinum Elephant is the first Platinum coin in the Big Five Series from The South African Mint. All other coins will be in protective packaging. Originally, the Zambian/Somalia Elephant Series had strictly limited mintage figures and were only available as the Silver Elephant (1999-present). Elephant platinum coins sell out in South Africa Additional coins showing the rest of the Big Five will be minted at six-month intervals. The Big Five series will ultimately feature an elephant, lion, rhino, leopard and a buffalo. Each coin contains 1 oz of .9995 fine Platinum. 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! Over 2,000 coins featuring an … The 2016 introduction of the Somalia Platinum Elephant coin saw the bullion collection gain a 1 oz option in platinum. 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. As the world leader in the production of Precious metals, South Africa provides a plethora of platinum to the global market. 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. Somalian Elephant Silver Coins; Somalian Elephant Gold Coins . One of the brightest stars of the precious metals market is the Somalian Elephant Series. Missing BloombergQuint's WhatsApp service? Spot platinum has rebounded to about $841 an ounce, after dropping to $591.20 on March 19. Somalia Gold Elephant Coins started in 2004 when the war-torn African nation from the horn of the East African region took over production of the coin from Zambia. This coin marks the first platinum bullion coins produced solely by the South African Mint. What started as a silver bullion coin program now includes both gold and platinum coins in weights ranging from half-gram sizes up to 1 kilogram. The lances are wrapped in a ribbon. On the obverse of the coins is the coat of arms for the Republic of Somalia. However, those fractional ounce coins are not available for individual sale like the bullion version. 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! Platinum Coins for Investment Enter your email address and we will send you a link to reset your password. Get this 2020 The Big 5 - Elephant 1 ounce Platinum R20 Coin certified by NGC to be a First Release in Mint State 70 condition and encapsulated with a Black Core Holder and South African Mint Flag Label for … Details. Despite these facts, the coins remain intensely popular due in large part to the beautiful reverse designs which change with each passing year. The Somalian Platinum Elephant was first produced in 2016. We apologize. 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. © Copyright 2021 JM Bullion. Spot platinum has rebounded to about $841 an ounce, after dropping to $591.20 on March 19. 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. In 2004, when the Bavarian State Mint shifted the program to Somalia it introduced the Gold Elephant coin into the series (2004-present). 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. Similarly, the Somalia Gold Elephant coin has grown to include a vast array of weights that include 1 Kilogram, 5 Troy oz, 1 Troy oz, ½ oz, ¼ oz, 1/10 oz, 1/25 oz, 1/50 oz, and even half-gram options. The South African Mint celebrates Africa’s unique natural heritage by embodying the strength and beauty of the “Big 5” in this new series of platinum. Other Platinum Coins can also be found inside of Investor Crates Gold, Silver, Platinum and Combination Crates. 1 st issue of South African Big Five Elephant 1 oz Platinum coins! 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. Multiples of 250 are packaged in boxes. The Elephant series of bullion coins is issued by Somalia, but these coins are actually struck by the Bavarian State Mint. These 1 oz coins, which contain .9995 pure platinum, celebrate the rich and diverse species which grace the South African Veld! Join our. Mass: 31.107g Diameter: 32.69mm Metal Content: Pt 999.5 Limited Edition: 500 per page. The coins … 10 Item(s) Sort By. In the background field of the coin, you’ll notice dead trees on the savanna and birds taking flight off the remaining branches. Elephant platinum coins sell out in South Africa - MINING.COM JM Bullion customer service is available at 800-276-6508, online using our live chat, and via our email address. South Africa is the world’s largest platinum producer. In 2004, the series expanded for the first time to include a Gold Elephant coin alongside the Silver Elephant. Each of the Somalia Platinum Elephant coins contains 1 Troy oz of .9995 pure platinum and bear a face value of 1,000 Shillings. 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. The Somalian Platinum Elephant is the latest addition to this beautiful collection of 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. Below the shield and leopards, you’ll find two crossed lances and two crossed ferns. This coin has a lower Mintage than the gold and is sensational in platinum … Reverse: Features the majestic Somalian Elephant(s). Highlights: Arrives with a protective plastic flip, a mint tube of 10 coins, or a mini Monster Box of 250 coins! The coins were then known as the Zambian Elephant Series and featured new designs on the reverse every year depicting the African elephant species. Over 2,000 coins featuring an elephant sold out to U.S. and Asian investors after being minted in March, according to Prestige Bullion. As mentioned above, the Somalia Elephant Series originated as a coin collection with only a 1 oz silver coin available (1999-2003). Investors seeking a haven from the economic turmoil created by the coronavirus pandemic are snapping up platinum coins engraved with African wildlife. Engravings around the design rocker include “African Wildlife” along the top and “Elephant – 1 oz PLATINUM.”. 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. Somalian Elephant Gold Coins 2017; South African Mint; Suisse Gold; Sunshine Mint; United States Mint; Valcambi; Various; Company . Obverse: Displays the Somalian Coat of Arms and the date along with the face value. 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. Learn more about this series and the introduction of the Platinum Elephant below! The coins are issued every 6 months, starting with the Elephant and the Lion in 2019. The obverse of the coins had the legend, or coat of arms, for Zambia from the 1999 introduction of the series until 2003. In the background field of the coin, you’ll notice dead trees on the savanna and birds taking flight off the remaining branches. Among the wide range of Somalia Elephant coins available from the Bavarian State Mint, the 1 Kilo Silver Coin is the largest in the collection. “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. In any given year, the Somalia Elephant Series coins share the same design across silver, gold, and platinum. Platinum is a silverish-white with its name is derived from the Spanish term platino, meaning "little silver". (Bloomberg) -- Investors seeking a haven from the economic turmoil created by the coronavirus pandemic are snapping up platinum coins engraved with African wildlife. By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. Show. About ; Careers; Contact ; Home; Platinum; Platinum Coins; Platinum Coins. 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 … Somalian Platinum Elephant. The coins in the Platinum Elephant range are available from JM Bullion. Obverse: Features a close-up of the elephant with its ears flared and trunk and tusks being the dominant feature. Platinum (61) Aluminum (7) Palladium (1) Gilt (1) Ruler. Contains 1 Troy oz of .9995 pure platinum in BU condition. Mintage of this platinum proof was extremely limited, there were only 1,000 of these released. 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. Beginning in 2004, the coin series was shifted by the Bavarian State Mint to the Republic of Somalia. Read more about South Africa platinum coins. Such is the case with the 2016 1 oz Platinum Somalian Elephant Coin, available today on Silver.com in proof condition. E… The 2019 South Africa 1 Oz Platinum Big Five Elephant celebrates the African elephant, the largest land mammals that walk the earth. Subscribe to the JM Bullion newsletter to receive timely market updates and information on product sales and giveaways. 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. Elephant coin was minted in 2016 and has a proof finish. The Rhino is the third of the ferocious 5 to be featured in this series. Their first release is the 2020 South Africa 1 oz Platinum Big Five Elephant Coin BU. The series isn’t even produced on the African continent. The South African Mint released a Big Five coin programme, featuring wildlife that flourish in South Africa. Arrives in a display box. More will be produced once South Africa’s virus lockdown is lifted, said Richard Collocott, managing director of the Johannesburg-based company. Each one comes with a Certificate of Authenticity, and to date, the sets have been strictly limited to just 100 in total. Today, the 2020 1 oz South African Big Five Elephant Platinum Coins is available to you online from JM Bullion. The platinum bullion coins will feature the Big Five in a multiyear range – starting in 2020 and continuing through 2022, showcasing the elephant, lion, rhino, leopard and buffalo. The South African Mint breaks ground with the new Big 5 platinum bullion coin series. As the world leader in the production of Precious metals, South Africa provides a plethora of platinum to the global market. This 1 oz. 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. Kalakaua I (10 ... Coinscatalog.NET is a complete catalog of world coins. In any given year, the Somalia Elephant Series coins share the same design across silver, gold, and platinum. 1 st release of the South African Big Five Platinum coin! “The platinum bullion coin has performed strongly with good levels of interest from customers, especially in the U.S. and Asia,” Collocott said. 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. Over 2,000 coins featuring an elephant sold out to U.S. and Asian investors after being minted in March, according to Prestige Bullion. Bloomberg | Quint is a multiplatform, Indian business and financial news company. Investors seeking a haven from the economic turmoil created by the coronavirus pandemic are snapping up platinum coins engraved with African wildlife. Make sure to purchase one of these groundbreaking coins … Investors seeking a haven from the economic turmoil created by the coronavirus pandemic are snapping up platinum coins engraved with African wildlife. Over 2,000 coins featuring an elephant sold out to U.S. and Asian investors after being minted in March, according to Prestige Bullion. Showcasing the 2019 SOUTH AFRICAN BIG FIVE ELEPHANT 1 OZ PLATINUM PROOF COIN. Coin Highlights: Total mintage of these coins limited to just 1,000 for global distribution! Investors seeking a haven from the economic turmoil created by the coronavirus pandemic are snapping up platinum coins engraved with African wildlife. Each coin contains .9995 fine platinum, and featured weights include a 1 oz, ½ oz, ¼ oz, and 1/10 oz coin. Founded in 1158, the Bavarian State Mint is the oldest company in operation in the city of Munich. The Somalia Platinum Elephant bullion coin is only available in 1 oz, but there are fractional ounces available in proof. Handle your coins with care by adding these cotton gloves to your order Included in this 2017 Platinum Somalian Elephant Set you’ll find a total of four 2017-issue platinum coins. 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. Until 2016, the Somalian Elephant coin was only available in silver and gold. On the reverse of this platinum 1oz coin also features two halves of the face of an elephant. 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. Rhinoceroses are easily recognised by their prehistoric features such as armour-like bodies and the horns on their foreheads. It's actually made of .9995 fine platinum. Somalia Gold Elephant Coins Background and History. 2020 Somalia Elephant Platinum Coins. The Big Five Series is introduced for the first time in 2019. Contains 1 Troy oz of .9995 pure platinum in BU condition. We encourage all Silver.com customers to call us with questions. The Somalia Platinum Elephant coins, along with the silver and gold options, are unique in that the coins are not produced in Somalia. Big 5 Elephant Platinum Proof coin 1oz Pt 999.5. 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 South African platinum elephant coin weighs 1 troy ounce and contains .9995 fine platinum. Tube: 10 coins. Minted at the Bavarian State Mint in Germany. Additionally, this 2020 platinum elephant coin arrives in brilliant uncirculated condition and holds a face value of 20 Rand. SA MINT Big 5 platinum bullion elephant. By Felix Njini and … Johannesburg-based Mining Weekly first reported on the story. If you have any questions about these coins, don’t hesitate to ask. This is among the few bullion coins on earth which changes its designs every year. That same year saw the introduction of Proof Somalia Platinum Elephant coins that included both the 1 oz coin and fractional-ounce coins. All products in this category are out of stock at the moment. 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. Right now, you can get 2020 South African Big Five Elephant 1 oz Platinum Coins online at Provident Metals. Comes in protective plastic packaging. “The demand remains high and we expect to take orders once production resumes.”. 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. 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. 2020 South Africa 1 oz Platinum Big Five Elephant Coin BU . Today, the Somalia Elephant Series focuses heavily on the 1 oz coin in all three metallic options. Coin Highlights: Arrives in either a protective plastic flip, a tube of 10 coins, or a mini Monster Box of 250 coins! When two of these coins are placed next to each other, a complete close-up image of the face of an elephant is seen. Over 2,000 coins featuring an elephant were sold out to US and Asian investors after being minted in March. Image: SA Mint More will be produced once South Africa’s […] This series will include the elephant, lion, rhino, leopard and buffalo. Since the 1999 introduction of the coin for Zambia, the Bavarian State Mint has handled the coining of the products in this collection. 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