125 000 Francs CFA Bull and Bear

Chad's francs CFA are issued through the BEAC — the Bank of Central African States — which means the actual monetary authority behind this coin is a supranational body, not the Chadian government. That arrangement makes Chad, like its CEMAC neighbors, a nominal issuer on pieces that are largely produced for the collector market rather than any domestic monetary purpose. The 125,000 CFA face value is essentially ceremonial; 7.78 grams of .9999 gold at any recent spot price renders the denomination a fraction of the metal's worth.