French 20 Francs Ceres
Tavex is pleased to present a European classic, the eminent French 20 franc Ceres gold coin. With a rich history of more than 600 years, the 20 franc gold coin recalls France’s former eminence as one of the great powers of the 19th and 20th centuries.
Standardised and authorised by Napoleon Bonaparte himself, the 20 franc is France’s most treasured and sought-after gold coin. Displaying perfect uniformity and accuracy for over a century, the French 20 francs facilitated world trade and became the basis for Europe’s first monetary union. With more than 500 million pieces minted since the 1800s, they are today one of the most liquid and widely recognised historical gold coins available on the European bullion market.
Beautifully designed and representing a charming and glamorous aspect of French culture, the 20 franc Ceres gold coin comes in an affordable weight, making it appropriate as a collector’s item, a gift, or a tangible gold investment.
- 20 franc Ceres gold coins are distinguished French coins. The 20 franc gold piece is France’s most famous coin and likewise one of the best-known gold coins in Europe.
- 20 franc Ceres gold coins are money. They are exempt from Value Added Tax, and as such are exchangeable throughout Europe by bullion dealers and investors alike.
- 20 franc Ceres gold coins are liquid. With more than 500 million pieces minted since the 1800s, French 20 franc gold coins have strong liquidity and a guaranteed market.
- 20 franc Ceres gold coins were the foundation of Europe’s first monetary union. The French 20 franc gold coin was the basis for the Latin Monetary Union, Europe’s first major currency union.
- 20 franc Ceres gold coins are an excellent way to diversify your portfolio. Gold’s low correlation with other financial assets makes French 20 franc Ceres gold coins serve as a portfolio hedge against market risk.
- 20 franc Ceres gold coins are the equivalent of savings. French 20 franc gold coins are an ideal choice for any long-term saver who appreciates the security and stability of owning physical gold coins.
The origin of the French gold franc
The fascinating history of the gold franc began in the 14th century during the Hundred Years’ War. This was the time of a series of waged conflicts between France and Britain, and during the Battle of Poitiers in 1356, in France, the French King John II was captured by his English foes. The English sought a ransom for the French king, three million gold coins to be exact. Once the terms were agreed upon, King John was released, and his return from captivity was glorified with the introduction of a gold coin called the franc à cheval, meaning “free on horse”, alluding to how the King rode out as a free man. Although the new gold franc was thereafter used in trade throughout France, its uniformity was often subject to revaluation. This changed when Napoleon Bonaparte came to power at the beginning of the 1800s.
The French 20 franc gold coin was authorised by Napoleon Bonaparte
Considered one of the world’s foremost military leaders, Napoleon Bonaparte, highly skilled in politics, managed during the end of the French revolution to assert himself as the First Consul of the new French government. A staunch proponent of gold, he authorised the standardisation and creation of the Napoleon gold coin in 1803. The new coin was originally minted in two denominations, 20 and 40 francs. Denominations of 5, 10, 50 and 100 francs were later introduced and minted at various times, but the most popular and consequently most minted was the 20 franc gold coin. The 20 franc Napoleon gold coin weighed 6.45 grams, and contained 90% gold, or 5.805 grams of gold. The 20 franc gold coin was last issued in 1914, and although the design and the depicted effigy changed during this period, the coin’s denomination and uniformity stayed the same, contributing to the coin’s reputation and popularity as a trustworthy and accurate gold coin. Consequently, all 20 franc gold coins minted in the 19th and 20th centuries are referred to as “Napoleons”.
The French 20 franc coin – the gold standard of Europe
Ironically, Napoleon’s 20 franc gold coin was more successful in unifying Europe in terms of coinage, and consequently trade and prosperity, than what Napoleon sought to accomplish by force. And while the territories Napoleon had conquered were soon lost, the 20 franc gold coin did just the opposite. It prevailed and established itself as the foundation of Europe’s first major currency union under the name “Latin Monetary Union”. The Union was originally formed in 1865 between France, Belgium, Italy and Switzerland, and was an attempt to unify those countries’ money into a uniform single currency. The French gold franc’s peerless uniformity and the attractiveness of the relatively large French economy provided the incentive and the foundation for a new “euro” currency.
The founding members of the union adopted the franc and they agreed to freely interchange each other’s gold and silver coinage at parity, irrespective of whether they carried another design or motif. The ratio of the two precious metals was likewise standardised, with 4.5 grams of silver being equal to .290322 grams of gold, a ratio of 15.5 to 1. The standardisation facilitated and simplified trade among the member countries and was seen as an appealing concept, leading other European countries to join as well. Although the union came with numerous flaws, one of them being that individual governments over-issued paper notes above the stipulated fixed ratio that was set between paper notes and circulating precious metal coinage, they were all the consequence of poor human judgement rather than the failure of the uniform precious metal coinage itself. Nevertheless, the union expanded until the advent of World War I, and came to a formal end a decade later in 1927.
The popularity of French 20 franc gold coins lives on
Napoleon gold coins were widely distributed during the 19th and 20th centuries in Europe and throughout the world. France controlled a large part of Europe in the early 1800s and subsequently rose to its colonial might in the early 20th century. To facilitate trade and investments, the Napoleon 20 franc gold coins became the preferred choice due to their stable uniformity and trustworthiness. Most of the Napoleon gold coins were issued after the 1850s, which coincided with the expansion of the Latin Monetary Union and the height of the French colonial empire. The production of the Napoleon series ended by the early 1900s with the last version being the 20 franc Rooster gold coin. Although Napoleon gold coins are no longer produced, their popularity lives on, and they are in fact today the most traded classic gold coins in several European countries, including France.
Ceres depicted on the French 20 franc gold coin
France in the 19th century was often troubled by domestic political instability. In 1848 she went through the February Revolution which led to the overthrow of the ruling King Louis Philippe, and Louis-Napoleon Bonaparte, nephew and heir of Napoleon I, was elected as president of the new French Republic. The new French Ceres 20 franc gold coin was introduced during Louis Bonaparte’s second year in power and was subsequently minted until 1851. Surprisingly, the new gold franc coin did not picture an effigy of the ruler himself, which had been the case with the previous 20 franc gold coins, but rather depicted the motif of Ceres, the Roman goddess of agriculture. The French 20 franc Ceres gold coin was predominately struck at the Paris Mint.
The mintage of the French 20 franc gold coin
As the French empire expanded, the need for gold and silver coinage increased. To satisfy the vast demand, 20 franc gold coins were minted in several mints, and, over the years when Napoleon gold coins were issued, more than twenty French mints, but also mints in countries under French rule, produced this desired gold coin. Every mint that struck the 20 franc gold coin was obligated to leave a unique identification mark on every coin so that the origin of the gold franc would be more easily traceable. The mark could either be a letter, a symbol, or a monogram. For instances, the letter “A” corresponded to the Paris mint, while the letter R, or the symbol of a crown, was the mark of the Rome mint. Although the production of the 20 franc gold coin was widespread throughout France and Europe, the large majority of the gold coins were minted primarily by the Monnaie de Paris. Founded in 864 by the French King Charles the Bald, the Monnaie de Paris is the largest and oldest mint in France and likewise the oldest French institution. Even though the mint was a government institution and was responsible for the mintage of French circulating coinage, it shared this responsibility for almost a millennium with other French mints, hence the many different mint markings on the Napoleon gold coin.
In 1878, the Paris mint was granted exclusive privilege to be the only French mint to produce circulating coinage and is today the country’s main mint and sole producer of the official French euro coinage.
|Nominal value||Dimensions||Fineness||Product weight in grams||Gold weight in grams||Gold weight in Troy ounces|
|20 franc||21.00 mm||900||6.45160 g||5.80644g||0.19|
The French 20 franc Ceres gold coin was issued between 1849 and 1851.
Obverse: The obverse portrays the motif of Ceres, the Roman goddess of agriculture. Surrounding the motif is the text “REPUBLIQUE FRANCAISE”. Above the motif is a six-sided star, and to the left of the motif is the hand of Justice, or fasces lictoriae, and to the right is a laurel branch. Under the motif is the signature of the master engraver “L.MERLEY.F”.
Reverse: The reverse contains the denomination of 20 FRANCS surrounded by a laurel and the text “LIBERTE EGALITE FRATERNITE”, which translated as “Liberty, Equality, Fraternity”. Under the laurel are the mark of the mint and the year of issue.
Edge: The edge contains the text “DIEU PROTÉGE LA FRANCE”, which translates as “God protect France”.
Purity: The French 20 franc Ceres is a 21.6 karat gold coin, which means it is composed of 21.6/24 = 90% gold.
Packaging: Each coin is individually packaged in a hard plastic capsule.
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