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100 Francs Elephant

Issuer Niger
Year 2016
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Thickness 0.5 mm
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Obverse lettering REPUBLIQUE DU NIGER 100 FRANCS CFA
(Translation: Republic of Niger.)
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Reverse lettering AFRICAN GOLD COIN 1/2 G .9999 FINEST GOLD 2016
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Additional information

Niger's elephant-themed fractional gold issues belong to a wave of small-format bullion coins produced for the collector market through licensing arrangements — Niger itself has no domestic gold refining capacity, and these pieces were struck abroad, almost certainly in Europe, with the Republic lending its issuing authority to a commercial distribution program. Circulated examples are essentially unknown; the entire mintage went directly into collector hands.

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