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