Somalia Elephant Silver And Gold Coins Anyone?

Hey West!

Nice to hear you got some more elephants! Yes, I also have noticed that on a few, exact same thing you mention. I also got one that had some of those milk spots but ehhh I cant live with it, its not that terrible

Now, I picked up recently older Somalia elephant coins from years past, including colored and gilded ones and I got them in capsules already and its like they have nada on them, just like to me, they are perfect, one of them has like really smallll rub wear but its nothing at all that detracts from beauty of these coins especially for being 8 years old!

Keep in mind too, these aren't proof, I can just imagine what the high relief proof elephant coin is going to look like! *falls over*.

I have several proof sets of the somalia elephants and the finish is IMMACULATE! So I think yes its all about the process as they are made. I have seen graded individual proof 1 oz coins going for about 60-70 on ebay I believe so you might want to keep an eye out on that and just see how nice they are!

@West

Yes I agree. I went back and looked at my 2012s, 2013s, the colored, the gilded, and the other ones I have that are bullion and its like, like you say, it doesn't detract from the beauty of the coin. I mean they are so beautiful, the detail, the finish, I think these are true gems in the collecting world of coins.

Yes I would keep stalking APMEX because I believe last time they slashed the prices on rolls of them, in fact I think right now they are the best priced in a roll that I have seen, which I was really surprised.

As for a set, take a look at ebay, one dealer was offering a set for 258 or best offer, I have ordered in the past from several of those German dealers and have had no problem in getting my orders in a timely manner. In fact its pretty nice to get access to these German dealers because these coins are VERY popular in Europe.

I have said this before, but it was an eye opener to see the value of these coins after a couple of years, like WOW! Reminds me of the Pandas, which were a favorite of mine but no longer.

@West

I think, seeing these are bullion coins, I mean you cant beat the finish and at least they don't have the issues like the recent silver 1 oz Britannia and their production issues.

Yes, I think lower prices in silver and gold will once again happen based on the price action. That's going to give a chance to snap up more coins. I really been stalking these elephants, even older issues as I hope that the lower prices in silver spurs people to sell, and dropping some of the numismatic value on these coins, which shoot, is great for a collector like me going wayyy back.

In any case, I would not be surprised to see a test of 20 silver, then a breach to get us into 18-19.

I would say, if you really want to, nibble at 20 on a few elephants. Whether stacking, buying to collect or just wanting to invest, I would rather sink money into the Somalia elephants over the China pandas.

@Bekiz

well... I was doing some tracking after it was brought to my attention from member postings here.... and the Pandas didn't hold up well with the selling. Granted nor did elephants, in terms of current dates, but using my experience in price with trading, looking at these coins from a purely trading viewpoint (which I don't do because I am collecting only) but IF I was going to be stacking, I would reduce my purchases of Pandas and swing more towards Elephants over them. But that's just me, its clear that the Elephants as they age year over year increase in value.

Looking at the Pandas, they continue to ramp up production.

The mintage on the elephants, you know I will have to put that on my list. Don't quote me but I thought I had seen one wholesaler saying it was limited to 6,500 on the BU regular silver elephants, but again don't quote me. I will tho look into that.

Since I am completely NEW to this in regards to the elephants (I was going to plug my panda collection but said forget it done with them) I been going back, buying up Somalian elephants from back dates... going off the top of my head I believe Somalia started with the elephants in 2004... picking up from Zambia I believe don't have my notes in front of me right now....

in any case,I think as prices drop in silver now is the time to start plugging holes in collections. In regards to the Somalia elephants I am being aggressive in snatching up what I find for my collection.

Ummm, I said don't quote me on that. Like I said, I will go ask. I have built up a long list of contacts in European as well so I am sure I can get an idea. Furthermore, I am willing to place my bets that the elephants have a much lower run than the Pandas.

And, the Somalia elephants are NOT the same as Rwanda wildlife, so I am not sure why you are mixing the two, these are two entire different product lines.

I still feel going forward, Pandas are losing their luster in the market. (no pun intended).

Just to confirm, I fetched a roll from my first batch of 2013 Elephants (purchased perhaps 3 mos. ago, before they ran out and then restocked last month). Every coin looks pristine flawless. All those rolls will be same cause I would've noticed the flaw.

To me, I feel it's worth the bother.. so, requested RMA to either exchange or refund the big flawed ones. When I get that, will mull over what to do then. Anyways, it is a lovely coin and definitely worth having in my collection.

yup, any idea of the fair price for 2007-2011 BU elephants?


P.S. I read that mintage for 2009 was 30 000 coins

@Bekiz give me a few and I'll follow up with some suggestions targets on those years


@West- well that doesn't sound bad at all.hopefully you'll get what you want. I gotta say, and maybe I might be biased, but as far as bullion coins go, these elephants are hard to beat quality wise.