Silver Elephant Series Somalia

Discussion in 'Silver Coins' started by Bingnuts7, Sep 8, 2016.

  1. Bingnuts7

    Bingnuts7 Member Silver Stacker

    Joined:
    Apr 12, 2015
    Messages:
    35
    Likes Received:
    1
    Trophy Points:
    8
    Location:
    Arizona USA
    New day night set is on APMEX, can see what 2017 version will look like
     
  2. kutylin

    kutylin Active Member

    Joined:
    Apr 16, 2014
    Messages:
    570
    Likes Received:
    115
    Trophy Points:
    43
    JM Bullion already began to sell them ;)

    [youtube]http://www.youtube.com/watch?v=mna286Zn5Hs[/youtube]
     
  3. kutylin

    kutylin Active Member

    Joined:
    Apr 16, 2014
    Messages:
    570
    Likes Received:
    115
    Trophy Points:
    43
  4. andrewlee10

    andrewlee10 Well-Known Member Silver Stacker

    Joined:
    Jan 6, 2014
    Messages:
    2,534
    Likes Received:
    194
    Trophy Points:
    63
    Location:
    Singapore
    5 oz is nice
     
  5. kutylin

    kutylin Active Member

    Joined:
    Apr 16, 2014
    Messages:
    570
    Likes Received:
    115
    Trophy Points:
    43
    Think it will be popular as the first coin of this type in the series. Wish it will have no milk spot issues ;)
     
  6. silver kook

    silver kook Active Member

    Joined:
    Dec 1, 2010
    Messages:
    1,138
    Likes Received:
    1
    Trophy Points:
    36
    Location:
    Australia
    I gave up on this series because of the milk spot issue.
     
  7. Old Codger

    Old Codger Active Member Silver Stacker

    Joined:
    May 13, 2011
    Messages:
    4,933
    Likes Received:
    3
    Trophy Points:
    38
    Haven't we imported enough 'stuff' from Somalia?

    OC
     
  8. silver kook

    silver kook Active Member

    Joined:
    Dec 1, 2010
    Messages:
    1,138
    Likes Received:
    1
    Trophy Points:
    36
    Location:
    Australia
    They are minted in Germany.
     
  9. whay

    whay Well-Known Member

    Joined:
    Jan 8, 2016
    Messages:
    503
    Likes Received:
    313
    Trophy Points:
    63
    For me the milk spot killed the collection of this series long time ago
     
  10. JNS

    JNS Active Member Silver Stacker

    Joined:
    Oct 8, 2015
    Messages:
    517
    Likes Received:
    141
    Trophy Points:
    43
    Location:
    Traveller, Lives in hotel
    It is one among the milk spotted on what i bought. I always buy different bullion coins. This series goes ugly so fast compare to others.
     
  11. barsenault

    barsenault Well-Known Member

    Joined:
    May 26, 2013
    Messages:
    3,658
    Likes Received:
    295
    Trophy Points:
    83
    Location:
    United States
    Yeah, I sold all mine about 5 years ago. They were riddled with spots and stains. What a shame for such a nice coin. But with stains and spots, bye, bye premium...hello spot price, pun intended.
     
  12. worldbubble

    worldbubble Active Member

    Joined:
    Apr 10, 2012
    Messages:
    1,679
    Likes Received:
    14
    Trophy Points:
    38
    Location:
    Japan
    when they started making 2 oz elephants?
     
  13. Pandahunter

    Pandahunter Member

    Joined:
    May 24, 2016
    Messages:
    114
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Australia
    100% agree ^ went through this experience offloading 2015 elephants @ spot.
     
  14. SilverSiren

    SilverSiren Active Member

    Joined:
    Mar 12, 2014
    Messages:
    382
    Likes Received:
    95
    Trophy Points:
    28
    I collect elephant coins and have all years of these but 2015 I gave up, too many quality issues even with the limited mintage variants. Fortunately they have also expanded their fractional gold offerings as well, although I think the 2017 design is quite ugly and don't plan to pick up any ;-)
     
  15. magickookaburraride

    magickookaburraride New Member

    Joined:
    Apr 27, 2011
    Messages:
    205
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    United States
    Dumped this junk series too, not only the raw coins either...never have I ever seen so many graded coins with milk spots ( Most you couldnt even call spots, more like spills...all over the surface of the coin ) .

    What it looked like when it left NGC = https://www.ngccoin.com/certlookup/3679961-047/


    Now....


    [​IMG]
     
  16. mtforpar

    mtforpar Member

    Joined:
    Oct 6, 2012
    Messages:
    298
    Likes Received:
    0
    Trophy Points:
    16
    I have to completely agree with you on this one. Many many coins have I seen graded a 70 with similar issues. Some I was the initial owner on and stored them with protective measures to no avail. It was not present on the early years, just the later ones the last 5 years or so.
     
  17. worldbubble

    worldbubble Active Member

    Joined:
    Apr 10, 2012
    Messages:
    1,679
    Likes Received:
    14
    Trophy Points:
    38
    Location:
    Japan
    Relative to mintage I have seen the same quantity of milked proof britannias as bullion elephants. (the reason I do not buy modern proofs graded or grade them by myself - milk spots develop even on pandas starting from 2004).

    As of series - I like it as I had no issues with it, while I have coins going back from 1999
     
  18. JEM

    JEM New Member

    Joined:
    Sep 12, 2015
    Messages:
    19
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Nashville, Tennessee
    I have 6 years worth of elephants with multiples of each and have not had a single milk spot yet. Actually I only have 2-3 coins with spots and they are all the maple leaf wildlife series. I might just be beating the odds.
     
  19. worldbubble

    worldbubble Active Member

    Joined:
    Apr 10, 2012
    Messages:
    1,679
    Likes Received:
    14
    Trophy Points:
    38
    Location:
    Japan
    none of my canadian wild life coins have milk spots either ... all from SS forum coin members.

    do not grade bullion unless it worths more than 5x spot
    buy coin not the grade
    store coin properly
     
  20. picturefun

    picturefun Member

    Joined:
    Oct 5, 2011
    Messages:
    593
    Likes Received:
    1
    Trophy Points:
    18
    so true. and not just milky spots, it is the fogginess and smudge showing on the shinning parts, make the coin looks really bad. Can hardly sell on Ebay. And I think some big dealer does some chemical cleaning before they sell on Ebay. The coins after cleaning still shows the spots under the light bulbs, but can hardly see the spots under the natural day lights. I suspect the spots will come back after a certain period of time.
     

Share This Page