100 Francs CFA 5 Pounds Victoria

This is a modern bullion novelty — a 40 mm coin containing just 0.16 g of fine gold, a format produced primarily for the collectibles market rather than any genuine monetary function. Niger, as a member of the UEMOR franc zone, has no independent monetary authority, meaning these issues are licensed through agreements that allow CFA-denominated face values on coins with no practical relationship to circulation.

The Victoria "5 Pounds" denomination references the British gold five-pound piece, a denomination struck intermittently from the reign of George III onward. The pairing of a West African CFA issuer with a British imperial denomination is a quirk of the modern commemorative licensing industry.