10 Francs Francais Gold Coin General Data
The 10 Francs Francais gold coin was minted between 1854 and 1922 by the Parisian Mint. The French gold coin issued under the denomination of 10 Francs was minted in 1899. It was estimated that there have been minted 1,600,000 10 Francs Francais gold coins.
The 10 Francs Francais gold coin has a total weight of 3.2258 grams and the weight in gold is of 2.90 grams, meaning 0.0933 troy ounces of gold. It has a purity of 90.00% which is also expressed as gold of 21.6 carats and a diameter of 16.5 mm.
As a gold coin, Francs were first minted in 1360 to commemorate the freedom of King John and as designed it featured the armored King John on horseback. The word franc is translated as free and it also makes a referral to Frankish people. Their issuing lasted until 1642.
10 Francs Francais Gold Coin Design
The Francs were revived as gold coins minted by the French government during the French revolution in 1795 that is why on their reverse they feature the words LIBERTE EGALITE FRATERNITE. The reverse of the 10 Francs Francais gold coin also illustrates the year of minting which is 1899A and the denomination of 10 Francs. The reverse depicts two olive and oak branches.
The obverse of this French gold coin with a denomination of 10 Francs depicts the portrait of Ceres, a goddess of agriculture, facing right and having a star above her head. On the obverse it is also engraved REPUBLIQUE FRANCAISE.
10 Francs Francais Gold Coin Appealing to Investors
The 10 Francs Francais gold coin can be extremely valuable for investors and main and the obvious reason is that it is made of gold. French people are renowned for their culture of hoarding gold which mostly come in the form of gold coins like the 10 Francs Francais gold coin. They often turn to gold in order to protect their wealth and therefore spiking the price of gold coins through their increasing demand.
A good example for this wise decision of investing into gold coins, like the 10 Francs Francais gold coin, is the year 2008 when the financial crisis made a lot of people confused and worried for their financial future. So the French decided to buy gold which increased the premium for the 10 Francs Francais gold coin in a great manner. There are some people that characterized this turning to gold as a refuge as a desperation. However, I see it as a good thing and most importantly a good financial education in the field of gold and gold coins.
This pattern of the French investing into gold coins, the 10 Francs Francais gold coin being one of them, should be a lesson for every investor or for every possible investor. When investing into gold is really important to study the evolution of the gold price. Its way of evolving compared to national currencies is what determines the price for all gold coins, not only for the 10 Francs Francais gold coin, because they are valued according to the gold spot price which changes daily.
The 10 Francs Francais gold coin is available on our website to all investors and collectors alike and it is free of VAT.