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Estimated Value
Based on recent market data
$39
Name or Denominations
1 Balboa 1 PAB = USD 1.00
Issuer
Panama
Ruler
Republic (1903-date)
Year of Minting
1966-1974 (1966-1975)
Currency
Balboa (1904-date)
Shape
Round
Rarity
Common
Weight
26.73 g
Diameter
38.1 mm
Thickness
NA
Material
Silver (.900) (Copper .100)
Shape
Round
Edge Type
Reeded
Technique
Milled
Front design
Coat of arms with 9 stars above. Name of the country above, silver content on sides, wreath and date below.
Back design
Armoured bust of Vasco Nunez de Balboa facing left with wreath below and denomination above. The bust touches the rim below.
Year of Minting
1966-1974 (1966-1975)
Ruling authority
Republic (1903-date)
Mint location
NA
Mint mark
NA
Orientation
Coin alignment ↑↓
Inscriptions
Obverse: REPVBLICA - DE - PANAMA PRO MVNDI BENEFICIO LEY GR. 0.900 26.73 1974 Reverse: VN BALBOA
Context
Since its separation from Colombia in 1903, Panama has used the United States Dollar. These coins have the same specifications as the 1 Dollar . Due to the rising price of silver in the 1960s, these coins were never issued for general circulation and were sold with a premium above face value. According to the Royal British Mint, 200 thousand 1967-dated coins were minted. The ultimate fate of these coins is currently unknown. More than 200,000 of the 1966 coins were melted down in 1971 to provide silver for 20 Balboas coins.
Rarity
Common
Coin type
Non-circulating
In circulation
Yes
Demonetized
No
Marketplace listings
0
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