A new species from the Bolivian highlands is described as Elaphoglossum cristatum. It is very similar to E. engelii but is characterized by a (for subsect. Muscosa unique) cristate perispore structure with irregular deposits (versus papillate spores), more densely ciliate petiole scales (50–80 versus 10–30 cilia per scale), somewhat thicker blade texture, denser scale cover, and paler, more reddish rhizome scales.