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One-Half Kilo Gold/Silver Coin, Supposed To Be Somalia 2001

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United States
10 Posts
 Posted 05/06/2012  7:44 pm Show Profile   Bookmark this topic Add zemmo to your friends list Get a Link to this Message Number of Subscribers
and minted by the Royal Dutch Mint. Does anyone have any details on this coin, or price info? TIA Alan

One-Half-Kilo-Gold/Silver-Coin,-Supposed-To-Be-Somalia-2001

One-Half-Kilo-Gold/Silver-Coin,-Supposed-To-Be-Somalia-2001
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 05/07/2012  05:22 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
, zemmo!

Exchange rate, 5000 SOS in 2001 = $1 USD.

Silver malcontent: 500g = 16 oz = $486.45 for the next five minutes.

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United States
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 Posted 05/07/2012  09:33 am  Show Profile   Bookmark this reply Add zemmo to your friends list Get a Link to this Reply
Some sources credit this coin as having almost .25 ounce of gold, as well as the silver; I'm just trying to get something definitive on the composition, and on any numismatic value. Thanks.
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Sap's Avatar
Australia
16849 Posts
 Posted 05/07/2012  9:21 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Unfortunately, this is not a legal tender coin from Somalia, and I highly doubt it was made by the Royal Dutch Mint; it doesn't have the privy marks coins from that mint usually have. Given the Chinese script, I would assume it was made in China.

Frankly, I think you'd be lucky if there was any silver or gold in there at all.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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 Posted 05/08/2012  09:10 am  Show Profile   Bookmark this reply Add zemmo to your friends list Get a Link to this Reply
Do you have any advice on how to get a definitive answer on metallic content? If I sent it to NGC to get graded would they also determine its origin? Thanks, Alan.
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 Posted 05/08/2012  11:27 am  Show Profile   Bookmark this reply Add zemmo to your friends list Get a Link to this Reply
It has a COA. Does this make any difference? TIA, Alan.

One-Half-Kilo-Gold/Silver-Coin,-Supposed-To-Be-Somalia-2001

One-Half-Kilo-Gold/Silver-Coin,-Supposed-To-Be-Somalia-2001
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 05/10/2012  7:26 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
It has a COA. Does this make any difference? TIA, Alan.

If it's true, there's roughly 16 oz silver and 0.25 oz gold, troy for both.
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United States
162 Posts
 Posted 05/11/2012  12:34 am  Show Profile   Bookmark this reply Add ZiggyZ to your friends list Get a Link to this Reply
No mention of it in Krause or the Unusual Coins book. It should be the "Central Bank of Somalia" not the "Bank of Somalia", if it is indeed referring to the government's central bank. However, a little poking around indicates that the central bank may have even been out of operation in 2001 (it only recently reopened) due to internal strife in the country. If that is the case, I doubt the government would have had the resources or the inclination to track down people using it's name illegitimately.

Since any value it has would be determined by the metal, I'd say the first step would be to weigh it. After that, one of those kits that test for metal content would probably be your best bet.
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 Posted 05/11/2012  09:05 am  Show Profile   Bookmark this reply Add zemmo to your friends list Get a Link to this Reply
Thanks to all.
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