Author Topic: Coinage of modern Somalia  (Read 570 times)

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Offline <k>

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Re: Coinage of modern Somalia
« Reply #15 on: March 27, 2019, 05:02:44 PM »
The FAO-themed reverse design of the 1 shilin coin featured a lamb.

This design was the work of Royal Mint (UK) artist Barry Stanton.

It is interesting that the fruit and lamb designs were used twice, but not on adjacent denominations, as one might have expected.

Offline <k>

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Re: Coinage of modern Somalia
« Reply #16 on: March 27, 2019, 05:06:15 PM »








This alternative 1976 FAO-themed 5 senti coin has been called a commemorative coin, but some think it is a trial or pattern.

Its status is not clear to me.

Offline <k>

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Re: Coinage of modern Somalia
« Reply #17 on: March 27, 2019, 05:12:44 PM »
This alternative 1976 FAO-themed 1 shilin coin has been called a commemorative coin, but some think it is a trial or pattern.

Its status is not clear to me.

Offline <k>

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Re: Coinage of modern Somalia
« Reply #18 on: March 27, 2019, 05:14:32 PM »
Since 1976, the poor state of the country has meant that no further regular coinage has been struck.

Offline <k>

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Re: Coinage of modern Somalia
« Reply #19 on: March 28, 2019, 12:03:28 AM »

Offline Pabitra

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Re: Coinage of modern Somalia
« Reply #20 on: March 28, 2019, 08:09:58 AM »
Since 1976, the poor state of the country has meant that no further regular coinage has been struck.

Will you term  this set of coins issued between 1999 to 2002 as fantasy set?

Offline Figleaf

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Re: Coinage of modern Somalia
« Reply #21 on: March 28, 2019, 09:58:04 AM »
In 1999, 1000 shillingi was about USD 0.12, trending down. There was a civil war raging. The lowest value circulating banknote was 100 shillingi. These pieces cannot have circulated.

Peter
« Last Edit: March 28, 2019, 10:55:13 AM by Figleaf »
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline <k>

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Re: Coinage of modern Somalia
« Reply #22 on: March 28, 2019, 10:20:51 AM »
Will you term  this set of coins issued between 1999 to 2002 as fantasy set?

No, fantasies are not official coins. However, those were clearly minor collector pieces, intended to earn a little hard currency from foreign collectors. I await a proper circulation set from this country.

Offline Figleaf

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Re: Coinage of modern Somalia
« Reply #23 on: March 28, 2019, 10:29:28 AM »
intended to earn a little hard currency from foreign collectors.

Maybe not even that. Take the FAO coins. Suppose they were minted at the Zecca. First, the only way to ship them to the country of destination is through an arms smuggler. That's unacceptable for a UN organisation. Next, how are you going to decide who gets the profit after the FAO has taken its share? There is probably a party in the civil war that represents them in the UN, but who says they'll be in power by the time you pay them? Much better to keep the money in escrow. Even better to (partially) pay off some official creditor, such as, perhaps, the FAO itself.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline Pabitra

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Re: Coinage of modern Somalia
« Reply #24 on: March 28, 2019, 11:29:04 AM »
I await a proper circulation set from this country.

It was to have come out quite some time back.

Somalia Months Away From Having New Currency

When is it due? OR has it come out already?

Offline Big_M

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Re: Coinage of modern Somalia
« Reply #25 on: March 28, 2019, 03:08:42 PM »
Since 1976, the poor state of the country has meant that no further regular coinage has been struck.

This is not precise as 50 senti and 1 shilling were reissued in 1984 in plated steel.

Offline <k>

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Re: Coinage of modern Somalia
« Reply #26 on: March 28, 2019, 04:22:09 PM »
Surprisingly, you are right. However, that was not a major development in any way. And after all those years, we are still waiting.

Offline eurocoin

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Re: Coinage of modern Somalia
« Reply #27 on: March 28, 2019, 04:26:10 PM »
The Governor of the Central Bank of Somalia told me in a private conversation some time ago that they were working on new notes first and only after that new coins would be released. No new notes have as yet been issued so it may still be a long wait, if ever. They are currently searching for a new governor of their central bank which may also have delayed things.

Offline Pabitra

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Re: Coinage of modern Somalia
« Reply #28 on: March 30, 2019, 04:00:51 AM »
The issue of notes and coins are not commercially linked.
There is no reason why notes should get precedence over coins.
The same talk was going on for Kenya.
All discussions centred around award of tenders and no one talked about coins.
I think, in Kenya, new notes are still to be issued whereas coins got issued some time back.

Apart from Somalia, I have been waiting for coins of Liberia. That should be separate and interesting thread too.
« Last Edit: March 30, 2019, 04:26:56 AM by Pabitra »

Offline chrisild

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Re: Coinage of modern Somalia
« Reply #29 on: March 30, 2019, 04:09:38 PM »
There is our Liberia coins topic ... except that there is not that much news these days. ;)

Christian