The annual flood of 2015 bullion coins continues to trickle out and the latest is a favourite of semi-numismatic collectors, the Somali Elephant. First released in 1999 and issued for the first five years for Zambia, this new piece represents the 17th coin in a series that has continued to grow in popularity. Minted in Munich, Germany at the Bavarian State Mint (Bayerische Hauptmünzamt), there was initially some question over their status as Somali legal tender, but they’re now widely accepted as both a collectors coin and as bullion.

There have been some great designs in the past and this one is excellent, although not a huge departure from the 2014 art which you can see lower down the page. We wished they’d be a little more varied and adventurous with the artwork, but when all’s said and done, it’s a good looking piece and one of the nicer bullion coins out there. Premiums are higher than with Eagles, Maples and the like, but they hold their value well and early releases command decent returns.