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5000 Pesetas Guineanas Francisco Macias

Issuer Equatorial Guinea
Year 1970
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Value 5000 Pesetas
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Obverse description The national coat of arms of Equatorial Guinea occupies the upper central field, depicting a shield charged with a silk-cotton tree (Ceiba pentandra) above a scroll bearing the national motto UNIDAD PAZ JUSTICIA, surmounted by six gold stars arranged in a semicircular arc. Two large elephant tusks cross in saltire beneath the shield, their points meeting at the lower field. The denomination 5.000 PESETAS GUINEANAS is inscribed in large characters along the lower periphery, while the legend REP. DE GUINEA ECUATORIAL arcs around the upper border. The fineness LEY 900 and date 1970 appear in the mid-field to either side of the crossed tusks.
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Obverse lettering REP. DE GUINEA ECUATORIAL LEY 900 1970 5.000 PESETAS GUINEANAS
(Translation: Republic of Equatorial Guinea .900 Purity 1970 5000 Guinean Pesetas)
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Additional information

Equatorial Guinea gained independence from Spain in October 1968, and Francisco Macías Nguema almost immediately began consolidating power through a campaign of extraordinary brutality — by 1972 he had declared himself president for life, and by 1979 his nephew Teodoro Obiang Nguema toppled him in a coup and had him executed. This coin was struck just two years into that regime, when international mints were still willing to produce prestige gold issues for the new nation.

The piece was almost certainly struck by the Spanish Mint on contract, part of a broader proof series intended for collectors rather than circulation. At 70 grams of .900 gold in a 65mm format, it is among the largest and heaviest coins ever issued under the Macías government — a government that would soon become too pariah to attract such commissions.

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