Equatorial Guinea 1970 500 pesetas Fr-5

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Jean Elsen sale 138, lot 1276

This specimen was lot 1276 in Jean Elsen sale 138 (Brussels, September 2018), where it sold for €170 (about US$234 including buyer's fees). The catalog description[1] noted,

"GUINEE EQUATORIALE, République (1968-), AV 500 pesetas, 1970. Abraham Lincoln. Fr-5. Flan poli. (Equatorial Guinea, gold 500 pesetas of 1970, for Abraham Lincoln. Proof.)"

This type was struck for Equatorial Guinea to glorify president Francisco Macias (r. 1968-79). 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.

Recorded mintage: 1,700 proofs.

Specification: 7.05 g, 0.900 fine gold, .202 troy oz AGW.

Catalog reference: Fr-5, KM 24.

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]Elsen, Philippe, et al., Vente Publique 138, Collection A. BLONDEL, Collection M. HENDRICKX, Brussels: Jean Elsen et ses Fils, S.A., 2018.

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