Equatorial Guinea 1970 250 pesetas Fr-3

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Goldberg sale 67, lot 3520
photo courtesy Goldberg Coins & Collectibles

This specimen was lot 3520 in Goldberg sale 67 (Los Angeles, January 2012), where it sold for $356.50. The catalog description[1] noted, "Equatorial Guinea. 500 Pesetas, 1970. Pope John XXIII. PCGS graded Proof 65 Deep Cameo." This type was struck for Equatorial Guinea to glorify president Francisco Macias. No doubt they were passed out to friends and supporters of the beloved president as there is no evidence they ever circulated. It is one of a series struck in Italy ranging from 75 pesetas to 5000 pesetas. Circulating coinage from the country is hard to find. Macias was overthrown in 1979 and received a well-deserved execution by firing squad but his clan still rules the country today.

Recorded mintage: 1,680.

Specification: 3.52 g, 0.900 fine gold, .1018 troy oz AGW.

Catalog reference: Fr-3; KM-22.

Source:

  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
  • [1]Goldberg, Ira, Larry Goldberg, Stephen Harvey, Paul Rynearson and Jason Bradford, Pre-Long Beach Auction, Ancient & World Coins, Los Angeles: Goldberg Coins & Collectibles, 2011.

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