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. 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, .900 fine gold, .202 troy oz AGW.

Catalog reference: Fr-5, KM 24.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1901-2000, 42nd ed., Iola, WI: Krause Publications, 2014.
  • [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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