Somalia Elephant Silver And Gold Coins Anyone?

The coins are not remints. I contacted the dealer in Germany and was assured they weren't remints but from existing stock of coins.

I think APMEX is just trying to undercut the ebay sellers. The sets are selling pretty well if you look at the buyer stats on ebay.

To me it's more fun to build your own set. It may be less expensive as well.

Well I dont know about if APMEX is doing it for that reason.

With their sheer size, margins and good name and reputation they get the most out of their dollars. For that reason I dont think they are discounting the set because they want to tear into ebay sales but rather its not a fast mover for them.

Its the same with the 2013 high relief elephant coin. Beautiful coin, I have held one in my hand. However, look at APMEX. They slashed the price on this one, after being one of the higher prices, as they usually are. BUT, I feel again, they are slashing prices to move this product faster and out of their inventory because it was not a great steady seller. I mean really, if APMEX had these coins selling like hot coins, they would not be slashing prices, simple. Its all about supply and demand as always.

Dont get me wrong, to me, ALL Somalia elephant coins are worth owning and having in your collection. But its clear some coins are more popular than others in this series.

Finally, I am kinda hanging back, bidding time, I would rather wait for silver and gold to dump before making a move here. I could be wrong but price is telling me we will see lower prices than we are seeing right now.

I know where you're coming from yup7676. And I think you're right to some degree. We are seeing prices of the 2004-2008 years going up. Even the prices of coins that aren't being minted any more (2009-2012) are increasing in value.

In my opinion the best Elephants to buy are the BU coins. Look at the prices of the older coins sometimes the BU coins sell more than the gilded or colored. Food for thought.

Solidifier- I have a 2012 on ebay for $54.95 if you're interested.

im good I got one already was just sharing the info on here for someone else if they needed a 2012 for a reasonable price...your price is good also though....

The big retailers are asking almost the same price for 2013 Elephants as the are for 2013 Pandas. And their asking substantially more for earlier year Elephants do to the low mintage numbers. I believe APMEX is selling slabbed 2014 NGC 70 Elephants for close to $83. That's a good bit more than a similar Panda. 2013 NGC 70 Pandas are selling on ebay for less than $60.

They'll mint as many 2014 as possible. My guess it'll be around a half million. But I'm just guessing. It also means it might be a good idea to buy a high relief or gilded Elephant because there mintage will be fixed at a very low number. 5000 each of the colored and gilded and 1000 high reliefs. You also have the Day and Night set with only 500 sets produces.

I see the higher mintage numbers as a good thing. More people become aware and interested in the series. And in the grand scope of things earlier Elephants go up in value.

Prices of sold Elephants on ebay are increasing already since the 2014s are out. A few 2005 have sold close to $190. It won't be long till the $200 mark is broken.