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Posts posted by FourNinesFine
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15 minutes ago, CazLikesCoins said:
'Ooh can I store my grandad's old watch in your box!'
To be fair, I've used this line before...
- CANV, CazLikesCoins and kimchi
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3 minutes ago, Stuntman said:
Which designs are your favourites?
The 2022 is my favourite. I also like the 2015 - so I guess there must be something in there about this being for me and my lad.
There's something to be said about the simplicity of the 2004 as well. -
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2 hours ago, CazLikesCoins said:
An acquaintance of mine had a grandma who saved sovereigns for years, in a linen cash bag bag of all things, and when she died nobody could find where she'd hidden it. Somewhere out there is a bag full of gold coins. Dozens of them 🤩 Someone will find them one day. Maybe 😶
I like to think she spent them while no-one was looking.
If she was anything like my Nan, she'll have converted them into 120,000 tins of biscuits.- CANV, Stuntman and CazLikesCoins
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It looks more like a bear to me.
GLWS- SilverDrum, Mrpound, James32 and 1 other
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16 minutes ago, JohnA1 said:
Wild guess: Every, D1ck and Harry?
Ah, OK. Ta
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14 hours ago, kimchi said:
half Sovs now have an extra premium now the shoeshine boys are buying them (?).
Out of interest, who or what are the Shoeshine boys?
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- Popular Post
- Popular Post
ABOUT THIS POST
I began collecting Somalian Silver Elephants quite early in my stacking journey. My son is obsessed with elephants and I thought it would be nice to have a portion of my stack set aside specifically to be handed over to him. Over the past 12 months, I've scoured the internet, this forum etc. to better understand the series and, of course, in the hopes of completing the full date run. [Please check out my signature for details of which coins I'm still looking for]
I couldn't find anywhere that catalogued the full series, so in the spirit of sharing what I've learned, I wanted to put together a quick guide to this collection of coins for anyone else that may be interested in them.
Disclaimer: I'm no expert and I don't claim that this is list is the authority on the matter. It's just info I've collected from various sources and I won't pretend that I've verified all the details independently. I would encourage you to do your own research before taking my findings as gospel.
There's no single source of the truth when it comes to mintage numbers. Most conventional wisdom suggests that the first 5 years (2004 - 2008) had only around 5000 units produced, though Numista does have some higher amounts listed.
I'll continue to research but in the meantime, the info should be treated as a guesstimate.
HISTORY
The Somalian Elephant - or "African Wildlife Elephant" has a denomination of 100 Somali Republic Shillings.
2023 marks the 20th anniversary of this coin in its current form, having been first minted in 2004. It’s roots though, trace even farther back, to the Zambia Elephant coin, minted between 1999 - 2003 and with a denomination of 5000 Kwacha.
It is produced by the Bavarian State Mint.
It has become one of the most popular 1oz silver bullion coins for collectors and has spawned a range of alternate designs and versions, beginning in 2012 with the introduction of privy marks.
2016 saw the first minting of the Platinum Somalia Elephant. And it wasn't until 2017 that this iconic coin became available in fractional silver units.
Over the years, many different variations have been minted as part of specific annual productions, notably, ‘colourised’ and ‘antiqued’ finishes; collectors sets and bundles and even a seasonal Christmas snow-globe in 2023.
A note on GOLD: I've found the information on the Gold Somalian Elephant coins to be sketchy at best and I'll try and collate and improve what I know periodically. So far, it would seem that fractionals - including 1/50th - have been available from 2004. However, the earliest 1oz Gold Elephant coin I've been able to track down so far was 2010 minting.
The Zambia Elephant (1999 - 2003)
Mintage thought to be only c.5000 for each year of production.
Portrait of QEll used on reverse
Note the change in artistic direction. Very much emblematic of the design synonymous with the Somalian Elephant that this range would transition to from 2004.
The Somalia Elephant (2004 - present)
Mintage: 5000
Mintage: 5000 (Numista: 25000)
Mintage: 10000 (Numista 20000)
Mintage: 5000
Mintage: 5000
Mintage: 130,000
A 2010 version also exists that features the same obverse as the 2009 coin. This "mule" version has become highly collectible.
Mintage: 170,000
Mintage: 80000
Mintage: 130,000
Mintage: 226,206
The 2015 version showing the 'Ag' overstamped on the original error of 'Au'.
Some 1500 were minted in error. However 1000 were destroyed by the mint leaving only approximately 500 known to have entered circulation.
FNF.
I don't know why the image of the 2005 version is repeated here. I can't delete it. So unlike the trees and foliage depicted, it won't leave!
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5 minutes ago, swanky said:
You should be buying the 50% stuff at ~90% melt value, because no way you get 100% bulk selling to a jeweller etc when they need to melt down to refine.
Pre-1920 trades for a premium, but that premium is fairly consistent so just accept it. I prefer this over pre-1947, needs less space.
OK, makes sense. I was just trying to get a handle on what I could expect price-wise. As always, Ebay is a free-for-all so no way does that help.
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Thanks for the responses. Just squaring the circle... I've done some calculations and I'd welcome some input.
Based on some of the coins suggested in SidS response (which assumes none of these would be especially collectible), I believe the following is true based on a nominal spot price of Spot = £19.53:
Half Crown: King George V (1910–1919): 92.5% Ag
Weight = 14.14 gWeight of Ag content = 13.08 g or 42.06% ozt
Inherent = £8.21
Purchase price (assuming 5% over spot) = £8.60 +/-
Florin: (1849–1919) 92.5% Ag
Weight = 11.31 gAg: 10.46 g or 33.63% ozt
Inherent: = £6.57
Purchase price (assuming 5% over spot) = £6.90 +/-
Florin: (1920–1946) 50% Ag
Weight = 11.31 gAg: 5.65 g or 18.17% ozt
Inherent: = £3.55
Purchase price (assuming 5% over spot) = £3.73 +/-
Do I have my sums correct?
- Epictetus and silvergaga
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25 minutes ago, sellerstacker said:
@SidS is spot on. It is the cheapest way to quickly stack-up on silver. You will generally find it at a few percent over spot. More importantly VAT is also not involved. Good luck with your stacking.
Thanks bud, appreciate it.
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1 hour ago, SidS said:
Modern British silver coins issued:
1816-1919 (plus a few from 1920) are 92.5% sterling silver.
1920-1946 are 50% silver.
The cheapest (but not very compact) way to buy British pre-decimal silver is to purchase halfcrowns and florins issued from 1920-1946. The earlier dates will be pretty worn, the war years dates of the 1940s can be pretty close to AU times. Being only 50% though they take up a lot of room.
If you want sterlings then George V 1911-1919 half crowns are the way to go. Possibly also Edward VII florins and Victoria Jubilee head crowns and shillings - anything dated 1887 is affordable.
Thank you, that is super helpful!
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OK, I've fallen down something of a rabbit hole here... and I'm trying to learn more about pre-decimal British silver.
I have done a good trawl of previous forum posts and tried to get my head aorund it - in full appreciation that I'm covering ground that will have (and has) been covered before. But I am still stuggling with some of the basics.
For now, I'm just looking to understand which coins had actual silver content (of any meaningful amount). Of those, what was the percentage. And if that silver content changed for different date runs of a particular coin.
I don't know what the protocol is for tagging people directly, but I know these guys have all contributed their expertise previously, so hope it's OK.
The end-game is to pick up some of this to have a bulk stash of (whatever we call Junk / constitutional) Bristish silver with a reasonable silver %. So not looking for collector's items or to have a 'complete' run etc. But if the prices for such are the same as Bullion, I'll knock the idea on the head.
Ideally, I want to get to a place such as:
"Your best bet is to stick to 'x' coin between these dates, which has x% silver content"
[FWIW, I've become quite smitten with specifically the '1877 Empress British India Rupee' - but that's a different story for another time.]
Please point me at any existing resources if you know them. Happy to do some further leg-work.Thanks in advance.
FNF.
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If it goes unsold and you're happy to split, I'm looking to complete a date run of Somali Elephants, so will happily take that off your hands.
In the meantime, GLWS.FNF.
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Looks like I had another round in the chamber.
£213 -
Hi,
Does anyone have any expertise in the world of old banknotes? Given recent happenings with US FED pumping ever more $$$ into their economy and all the talk of hyperinflation, it's had me revisiting old documentaries and such.
As a result, I'd quite like to own a '100 million billion dollar' 1946 Hungarian Pengo, and a Zimbabwean 100-trillion banknote. (Which I believe are still the two largest denominations ever printed (and circulated). I suspect one is easier to get hold of than the other. But I know nothing about banknotes or the collecting thereof.Obviously I've done some Googling and have had the cursory glance on Ebay - but it's like the Wild West out there and I've no idea what's genuine and what the actual value (or asking price) should be. The range is wild.
So if anyone can point me in the direction of any sound advice or research - or the general ballpark of what I should be looking for, that would be great.
Many thanks,
FNF.
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13 minutes ago, Britannia47 said:
Personally, I don’t sell anything! (Medium to Long term)😺
Me neither. The plan is to supplement my retirement income, cashing in a Sovereign every month to top up any pension I might have. And of course, if it happens to go to the moon before then, having a few ounces to cash in at the top wouldn't be a bad thing either.
- Britannia47 and JohnA1
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2 hours ago, Thelonerangershorse said:
If you're really concerned about future liquidity you may want to consider 4 x 1/4oz coins rather than a 1oz.
A 1oz coin is getting to be a serious chunk of money for any purchaser to find and it's only going to get worse.
I'm stacking Sovereigns for that purpose. It was more about adding a few of the 1oz in addition to the Sov stack, to benefit from reduced premiums.
In total agreement with your view that it will only get harder for people to find these sorts of sums so Sovereigns will remain my primary stack choice.Thanks.
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52 minutes ago, Stuntman said:
I agree that 1oz coins will be easier to liquidate than bars, but maybe consider buying one 1oz bar at some point, as something to keep rather than to stack.
The 1oz minted Britannia bar is a good-looking piece of gold, in my opinion, and more impressive in-hand than I thought it would be.
I would recommend one as something to own as part of a collection. But the coins would be preferable from a stacking point of view.
Gratuitous photo of 1oz Britannia bar and 1oz Una bar:
Yes, hard agree that they look great. FWIW, I have a nice little bundle of Una's in silver and they're glorious.
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Thanks for the responses folks. You've helped confirm what I suspected to be the case.
I'm going to continue with my 'sovereign a month' base plan, and look to bolster with Brits when I have the opportunity to pick up an ounce.
👌
FNF.
- MonkeysUncle and NGMD
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Accepting that everyone will have their personal preference, is there anything to suggest that 1ozt gold bars would be any less liquid than a 1ozt coin when it comes to potential sales down the line?
I'm close to completing a tube of soveriegns and I'm considering moving up the weight classes a little and diversifying my stack. For some reason, I'm quite taken with the gold bars - more so than with the Britannias - but my spider sense is telling me that Brits might be easier to sell on when the time comes. Any truth to that?I presume it's also true that bars don't benefit from the CGT-free nature of Brits / Sovs?
Many thanks,
FNF.- silvergaga and ChrisSilver
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20 * Brilliant Uncirculated Gillick Full Sovereigns
in UK (Ungraded)
Posted
Wow... what a stunning couple of pictures!! 😍