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500 Francs CFA Australian Nugget
| Issuer | Benin (1975-date) |
|---|---|
| Year | 2024 |
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| Composition | Log in to see details |
| Weight | 15.55 g |
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| Obverse description | The national coat of arms of Benin is depicted at centre, featuring a quartered shield supported by two leopards passant, surmounted by a buffalo head cabossed, with a scroll below bearing the national motto. The legend REPUBLIQUE DU BENIN arcs along the upper periphery, while the denomination 500 FRANCS CFA is inscribed in two lines in the lower field. The motto FRATERNITE JUSTICE TRAVAIL appears on the scroll beneath the shield. The entire design is struck in high relief against a highly polished mirror field, consistent with proof coinage. |
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| Obverse lettering | REPUBLIQUE DU BENIN FRATERNITE JUSTICE TRAVAIL 500 FRANCS CFA (Translation: Republic of Benin Brotherhood Justice Work) |
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| Additional information |
The "Australian Nugget" branding connects this Beninese issue to one of the world's more recognized bullion series, though the coin has no formal relationship with the Perth Mint's gold program beyond borrowing its name for marketing appeal. Benin's CFA franc coinage is struck under authority delegated through the West African Economic and Monetary Union, meaning the issuing state exercises limited practical control over monetary policy — collector pieces like this one are among the few areas where individual member nations can act with relative autonomy.
At 15.55 grams of .999 silver, this is a half-troy-ounce format, a weight tier that gained traction in the commemorative market during the 2010s as full-ounce premiums rose.