40 Dinars Republic 10th Anniversary

Issued to mark ten years of Tunisian independence and the formal establishment of the republic, this is one of the heaviest gold pieces the Banque Centrale de Tunisie ever produced. The 1967 date places it squarely in the early Bourguiba years, when commemorative coinage was used deliberately to project state legitimacy to an international audience — these were as much diplomatic objects as circulating currency.

Actual circulation was never the intent. Most examples were sold directly to collectors and foreign banks, and the survival rate in original condition is correspondingly high.