Depicts the sitting statue of King Khasekhemwy (Early Dynastic Period, 2nd Dynasty, around 2700 BC, limestone, height: 62 cm, from Hierakonpolis, Upper Egypt, now in the Ashmolean Museum, Oxford) with conquered foes incised around the base. It is the oldest surviving stone royal sculpture from ancient Egypt. Khasekhemwy is wearing the white Hedjet crown of Upper Egypt and is wrapped in a long robe. His right fist is drilled to attach a separate object, perhaps a mace handle or sceptre.

Hedjet (Ancient Egyptian: "White One") is the formal name for the White Crown of pharaonic Upper Egypt. After the unification of Upper and Lower Egypt, it was combined with the Deshret, the Red Crown of Lower Egypt, to form the Pschent, the double crown of Egypt. The symbol sometimes used for the White Crown was the vulture goddess Nekhbet shown next to the head of the cobra goddess Wadjet, the uraeus on the Pschent.

Stylized state name (Arab Republic of Egypt) divides denomination in Arabic and English and abbreviation of state name (A.R.E.) below, the date in Arabic (Hijri) and Western (Georgian) divides by a vulture with open wings. Engraver's initials (ECC) below.

In Ancient Egypt, the vulture hieroglyph was the uniliteral sign used for the glottal sound (/ɑː/). The bird was held sacred to Isis in ancient Egyptian religion. The use of the vulture as a symbol of royalty in Egyptian culture and their protection by Pharaonic law made the species common on the streets of Egypt and gave rise to the name "pharaoh's chicken".