Any thoughts on collecting these coins. The series started in 2004 and it seems like the coins appreciate quite rapidly. 2004s and 2005s are quite pricey. They have sold out rapidly when available at the larger US dealers. I've read the contreversy over whether they're legal currency in Somalia (most likely not), who authorized the minting (no one really knows) and the Bavarian Mint in Munich (800 years old) mints them. Is this series of coinage a real sleeper due to the mistique and low mintage? Looking forward to thoughts and opinions. Sorry for the mispellings.
You mean these? I might go after all of them. The 2004 is a surprise gift for my daughter for Xmas. Even my wife approves. The 2013 is for my collection. I am looking for the 2005 now. 2014 is already out.
These are exactly what I'm talking about. I wanted a coin series that I could collect all of them on my budget and grab a bunch of the latest issues while there'll still cheap (or before they sell out). There's no official mintage numbers but the older ones get a ton of attention and sell quickly on eBay. As an example the 2004 and 2005 regualary trade for $160 plus. I hear they are incredibly popular in Europe especially Germany. I enjoy the numismatic side of the hobby but I seem to be behind on the curve when it comes to making good investments. That's what had drawn me to this series. I've been doing a ton of research and really think these coins are sleepers. They are simply beautifuly made to an almost prooflike finish. I've purchased the whole series and 30 2013's along with 11 2014's. I picked up the 2013's for about $30 each and now they're selling on eBay for 15-30% more. I hooked up with a seller out of Germany, to acquire the pre 2013s, who cut me a deal on multiple purchases and combined shipping. For some reason the 2005 is the most expensive, followed by the 2014. What's your strategy? Do you think they'll make a good "sleeper" investment? The history behind them is fascinating.
If anyone is interested I have some Somalian Elephants for sale along with some Zambian Elephants. The Zambia Elephants are the true precursor series to the Somalian series. Available are: 2004-2008 and 2010-2014 BU Somalia Elephants 2000 proof, 2000 colored, 2002 colored, and 2003 proof Zambia Elephants
