| Coin | Gold Ounce 2023 Bull and Bear |
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The Republic of Chad uses the Central African CFA Franc as its currency; it is the common currency of six independent states in central Africa: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. The CFA Franc has both common and national issues. All common circulating coins are issued under the authority of CEMAC ("Communauté Économique et Monétaire de l'Afrique Centrale" - Economic and Monetary Community of Central Africa) and have no issuing country. Separately, each member country can strike coins bearing its national symbols; these coins are legal tender in the other members of the bloc too.
Chad has authorised some foreign mints to strike coins under its issuing authority for collector's purposes, or as bullion. These are usually dedicated to historical or general popular culture themes not related to the country itself. Many of them are in standard bullion sizes, such as the internationally popular one troy ounce of gold format, such as this coin.
The Bear and the Bull are both known for their incredible and unpredictable strength. The terms “Bear” and “Bull” are thought to derive from the way in which each animal attacks its opponents. The Bull will thrust its horns up into the air, while the Bear will swipe down. Both these terms are used by investors as a quick way to describe their market sentiment regarding specific securities or financial markets. A bear market refers to a receding market, where there is a decline in value. In a contrast, the bull market is when prices are rising. |
| Mint | Bulmint |
Mint Mark | b/m |
Mintage | unknown
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| Obverse | |
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At centre, the obverse of the coin displays the Coat of Arms of the Republic of Chad. It features a shield with jagged lines, with a sun rising over it. The shield is supported by a goat and a lion. Below the shield is a medal (the insigne of the National Order of Chad) and a scroll with the national motto in French: UNITE TRAVAIL PROGRES ("Unité, Travail, Progrès" in French - one of the official languages of the country; "Unity, Work, Progress" in English). The shield supporters as well as the scroll feature an arrow pointing upwards.
In large letters around above, the name of the country in French: REPUBLIQUE DU TCHAD, followed by the date of issue: 2023.
Around below, the face value 500000 FRANCS CFA (five hundred thousand Central African CFA Francs). |
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| Reverse | |
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The reverse of the coin depicts a bull, on the left, fighting against a bear, on the right.
Below left, the mint mark of Bulmint which is a circle with a letter inside; when looked at from one angle it is like a capital letter B, and when seen from another angle is a small letter m.
Around above, the precious metal content: 1 oz Au 999.9 Fine Gold (one troy ounce of 99.99% gold). |
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| Reverse Inscription |
1 oz Au 999.9 Fine Gold |
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| Edge | Milled | Edge Inscription | None |
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| Notes | Finish: bullion (Brilliant Uncirculated).
Packaging: in coin capsule.
This is the first year when gold coins were issued in the range. |
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| See also |
Coins in the Bull and Bear bullion series include:
- 1 oz Silver, Bull and Bear, Tokelau 2021
- 1 kg Silver, Bull and Bear, Tokelau 2022
- 1 oz Silver, Bull and Bear, Tokelau 2022
- 1 oz Gold, Bull and Bear, Chad 2023
- 1/10 oz Gold, Bull and Bear, Chad 2023
- 1 kg Silver, Bull and Bear, Chad 2023
- 1 oz Silver, Bull and Bear, Chad 2023
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