Friday, June 25, 2010

SCARCE BI-METALLIC COINS FROM THE AFRICA


Benin, Cameroon, Chad, Gabon, and Niger recently released a series of low-mintage bimetallic coins. Because the nations are members of the Central African Monetary Union or the West African Monetary Union, they issue few coins of their own. Like the Euro coins, they have a common reverse. The reverse features an elephant head superimposed on a map of Africa. The Benin bi-metallic 6000 Francs of 2005 commemorates the 2008 Olympic games and shows figures participating in various Olympic sports. The bi-metallic Cameroon 4500 Franc commemorates the Pope Benedict XVI and has a horrible picture of the new Pope. It has a mintage of 2005 pieces. The Chad 2005 bi-metallic 4500 Francs features a lamb, cotton, Acacia flowers and a barrel of oil. The Gabon 2005 bi-metallic 4500 Francs commemorates the nations oil riches by featuring a drop of oil. Due to corruption and mismanagement the oil wealth has virtually destroyed the nation's economy and making its capital Libreville one of the most expensive cities in the world. The Niger 2005 bimetallic 6000 Francs has a mintage of only 1200 pieces. Its theme is "Stop Malaria" and features a large mosquito. All five coins are quite rare. The 4500 Franc coins have a mintage of only 2005 pieces each, while the 6000 Franc coins have a mintage just 1200 pieces. Just a few individuals control the entire mintage of the coins, making them hard for collectors to obtain. All five coins are Uncirculated.

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