100 Francs Leopard

Niger has issued numerous small-format gold pieces targeting the collector bullion market, most under licensing arrangements that leave actual production to European mints — in this case almost certainly Scottsdale or a comparable contractor, as Niger maintains no domestic minting infrastructure. The "Leopard" designation refers to a series branding decision rather than any particular monetary policy.

At 0.5 g of .9999 gold, the economics are almost entirely premium-over-spot.