This commemorative stamp was issued by the Republic of Equatorial Guinea on 12 October 1969, marking the first anniversary of independence from Spain. It features a finely engraved portrait of the nation’s first president, Francisco Macías Nguema, rendered in black and gray tones against a light background. The denomination is 2 Ptas Guineanas, with inscriptions highlighting “1er Anivº Independencia.” Printed by the Fábrica Nacional de Moneda y Timbre (FNMT), Madrid, this issue is an important historical piece from the country’s earliest philatelic period. Highly valued by collectors of African independence and political history themes.