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2018 Somalia 1 oz Gold African Elephant BU

2018 Somalia 1 oz Gold African Elephant BU


1.0000 troy oz .9999 2018 Brilliant Unc

The Somalian Elephant coins are known for their beautiful renditions of the majestic creature and this 2018 1 oz .9999 fine Gold coin is no different. African elephants are the largest and heaviest land animal on the earth with no known natural predators once they reach adulthood. This majestic animal graces the reverse of each coin with a design that changes yearly making it desirable by both collectors and investors.

Last captured retail

$5,129.48

Coin highlights

  • Contains 1 oz of .9999 fine gold.
  • Comes in a protective plastic capsule.
  • Obverse: Displays the Somalian Coat of Arms and the date along with the face value of 1000 shillings.
  • Reverse: Features a close-up of an adult elephant with his trunk reaching out towards the rim of the coin. In the background are two birds in flight and a leafless tree.
  • Minted at the Bavarian State Mint in Germany. Being the largest land animal and one of the most majestic creatures on the planet, this is sure to be a hit with collectors and investors alike. Add this 2018 Gold Somalian Elephant to your cart today!

Specifications

Country Germany
Year 2018
Grade Brilliant Unc
Legal-tender face value Shilling - 1,000
Metal Gold
Weight 1.0000 troy oz
Purity .9999
Diameter 39 mm
Thickness 1.9 mm

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Background

Gold Coins May Provide a Safe HavenGold, like in these beautiful Somalia Gold coins, has maintained its status as a Precious Metal of great intrinsic value for millennia. Many investors include Gold coins in their portfolios to provide stability in case the U.S. dollar weakens, as it did between 1998 and 2008. During that time, the price of Gold rose from below $300 per ounce and to approximately $1,000 per ounce. Since then, the Gold spot price peaked near $1,900 per ounce in 2011 and moved lower as the U.S. dollar gained strength. Holding Gold investment is a good hedge against economic uncertainty.



Understanding the Brilliant Uncirculated DesignationWhen collecting Somalia Gold coins, or indeed any Gold coins, the condition of the coin is extremely important if you mean to possess a coin not only for its raw Gold value, but also for its numismatic, or collector, value. A 2018 Somalia 1 oz Gold African Elephant that is designated Brilliant Uncirculated is a coin that has never been in circulation and retains its original mint luster and finish. Brilliant Uncirculated Somalia Gold Elephants and other BU coins are also described as MS, or Mint State, and can be graded from MS-60 to MS-70 by a respected coin grading service such as PCGS or NGC, two of the top services.



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