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1000 Pesetas Guineanas 1970 World Cup
| Issuer | Equatorial Guinea |
|---|---|
| Year | 1970 |
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| Reference(s) | KM#30, Schön#30 |
| Obverse description | The national coat of arms of Equatorial Guinea occupies the upper central field, depicting a silk-cotton tree (Ceiba pentandra) above a shield supported by two crossed elephant tusks, with the motto ribbon reading UNIDAD PAZ JUSTICIA. Six stars arc above the shield. The circular legend REP. DE GUINEA ECUATORIAL runs along the left and right periphery, flanked by stars. Below, the fineness LEY 900 appears to the left and the date 1970 to the right of the tusks, with the denomination 1.000 PESETAS GUINEANAS prominently displayed across the lower field. |
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| Reverse script | Latin |
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| Additional information |
Equatorial Guinea gained independence from Spain in October 1968, and within two years the new government of Francisco Macías Nguema was issuing gold commemoratives aimed squarely at the international collector market — not domestic circulation. The 1970 FIFA World Cup series was produced under contract with a European mint and sold through numismatic dealers abroad, a revenue strategy common among newly independent African states with negligible hard currency reserves.
Macías Nguema would declare himself president-for-life in 1972 and preside over one of the most brutal regimes in post-colonial African history before his overthrow and execution in 1979.