20 Tunisian Francs Gold

GOLDMARKET is a family-owned and independent company specializing in precious metals. We assist individuals, investors, and wealth holders in buying and selling physical gold through our branches in France and Belgium. Every transaction is conducted in your presence: hallmark verification, weighing, and a detailed written calculation, regardless of whether you decide to proceed with the transaction.

The 5,805 g of fine gold contained in this coin represents €709,49 as of September 4, 2026, based on a price of €122,22 per gram of fine gold. This is the value of the pure gold content, excluding premium and value-added tax; it is recalculated each time the page is displayed.

No. The amount shown on this page is the value of the pure gold content: the price per gram of pure gold multiplied by the mass of pure gold in the coin, excluding premium and value-added tax. The trade-in value is determined at the branch, after examination and weighing of the coin you present.

In common usage, yes. "Napoleon" and "Louis d'or" both refer to the French 20-franc gold coin, regardless of the portrait—Napoleon III, Ceres, Genius, or the Rooster of Marianne. They share the same weight and fineness and trade at the same price. The portrait does not change the amount of gold it contains.

Because it was minted to circulate. Pure gold is too soft for everyday use: the 900‰ alloy, adopted by the monetary convention of the Latin Monetary Union, gives it the necessary hardness. The fineness does not detract from the value: only the mass of pure gold matters, namely 5,805 g for 7,167 g gross.

These coins have been in circulation, often for over a century: signs of wear are normal and do not detract from their investment value. Weighing them remains the sole determining factor, and we will point out to you upon examination any specimen whose weight deviates from the acceptable range. The delivered specimen is selected in good overall condition; the year may vary depending on availability.

No, it no longer has legal tender status. This does not, however, remove its status as investment gold: Article 298 sexdecies A of the French General Tax Code requires that it have been legal tender in its country of origin, not that it still be. Its value lies in its pure gold content and the premium the market commands.

When purchased, investment gold is exempt from value-added tax (VAT), according to Article 298 sexdecies A of the French General Tax Code. Upon resale, two tax regimes apply. The flat-rate tax on precious metals, at a rate of 11,5%, is levied on the sale price and requires no supporting documentation. If you can establish the date and price of acquisition, you may prefer the capital gains tax regime for the sale of movable property: the capital gain is reduced by a 5% allowance per year of ownership beyond the second year, and the sale is definitively exempt from VAT after the twenty-second year, according to Article 150 VC of the same code. We will explain both options to you before the transaction—please keep your invoice.

Yes, at any time, within our network of branches, during the day's trading hours. The transaction is conducted in your presence: identification, weighing, and a detailed calculation provided in writing, regardless of whether you decide to proceed with the transaction. Payment is made exclusively by bank transfer, upon presentation of a valid form of identification. We do not accept cash transactions, regardless of the amount, and we do not process anonymous trade-ins.

Both options are available. Collection is free of charge from one of our branches in France and Belgium, by appointment, upon presentation of an identity document and your order confirmation. If you prefer delivery, it will be sent via insured and anonymous parcel, requiring a signature upon delivery.