500 000 Francs CFA Bull and Bear

Chad's monetary authority issues coinage through the Banque des États de l'Afrique Centrale, the regional central bank governing the six CEMAC nations — meaning this piece originates from an institution that manages currency for a bloc rather than a sovereign mint acting alone. The 500,000 franc face value is nominal fiction; at any realistic exchange rate against the XAF, it bears no relationship to the gold content's actual market value, a legal convention common to modern bullion issues worldwide.

The BEAC has historically shown little interest in collector or bullion coinage, making Chad's recent foray into investment-grade gold issues something of an anomaly within the zone.