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10 Francs Leopard

Issuer Banki Nkuru y'u Rwanda (National Bank of Rwanda)
Year 2017
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Value 10 Francs
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Obverse script Latin
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Reverse description A leopard (Panthera pardus) is depicted in a three-quarter frontal view, resting amid savannah vegetation with a dramatic mountain range occupying the upper right background. The 'African Pride' series logo, a circled 'AP' monogram, appears in a cartouche at the left, with the date '2017' inscribed in a rectangular frame below it. The legend 'AFRICAN PRIDE' arcs along the upper rim, while the inscription '1/2 G .9999 FINEST GOLD' appears along the lower rim, denoting the coin's weight and fineness.
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Additional information

Rwanda's "Leopard" bullion series occupies an odd niche: a landlocked country with no historical gold-mining tradition issuing fractional bullion under a central bank mandate that dates only to 2008 reforms following the post-genocide reconstruction of the financial system. These pieces are struck by foreign mints on contract — Rwanda itself has no coining facility — and the series exists primarily as a vehicle for fractional gold investment in markets where Swiss or South African product dominates at larger weights.

KM#164 is among the smallest denominations in the run, at a size where handling losses during assay can measurably affect fine weight recovery.

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