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10 Francs Panther

Issuer Banki Nkuru y'u Rwanda (National Bank of Rwanda)
Year 2024
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Value 10 Francs (Amafaranga)
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Obverse lettering BANKI NKURU Y'U RWANDA REPUBLIKA Y'U RWANDA UBUMWI - UMURIMO - GUKUNDA IGIHUGU AMAFARANGA 10 ICUMI
(Translation: Central Bank of Rwanda Republic of Rwanda Unity - Work - Patriotism Ten francs)
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Edge Reeded
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Additional information

Rwanda's National Bank has issued a long-running series of fractional gold pieces aimed squarely at the bullion collectibles market, and this Panther entry fits that pattern precisely. At 0.28 g the coin carries essentially no monetary function — it exists as a vehicle for the black diamond inlay, a feature that justifies a significant premium over melt and targets the same collector segment drawn to similar micro-gold issues from the Cook Islands and Niue.

KM#264 is among the more recent additions to a catalog that Rwanda has expanded aggressively since the mid-2000s, leveraging its mint partnerships with foreign producers — almost certainly European — to issue material bearing little relationship to domestic circulation or monetary policy.

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