Ten Francs Silver 2003 Historical Cars - MG Bullnose, Coin from Congo, Democratic Republic of the - detailed information

The Democratic Republic of the Congo normally uses banknotes for circulation, and does not issue coins in the Congolese Franc currency. However, the country has authorised some foreign mints to issue commemorative and bullion coins under its jurisdiction.

Most of them are in standard bullion sizes, but some are not. CIT issued a series of silver 10 Francs and Five Francs in their own format, in 25 to 27 grams of silver. The coins are considered "Non-Circulating Legal Tender" (NCLT) and not bullion because they are issued at prices higher than their bullion value and are targeted at collectors who appreciate them for their artistic or sentimental value, and not at investors in precious metals.

This coin is part of the Historical Cars collection, and features the 1924 MG Bullnose.

The letters MG are the initials for "Morris Garage"; "Bull nose" referred to the style of the cooling radiator. Originally built as a 4 door saloon car, it was redesigned as a sports car to make it more attractive. Equipped with better brakes, tuned engine and chassis, this car won in early 1925 a gold medal on the Land’s End Trial. Nearly 400 "Bull nose MG" were built until 1926 and they gained an enviable reputation as an attractive and quick sports car.