Panama 1/2 Balboa 1934 KM#12.1 VF silver

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  • Product ID: 40849
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  • Description:

    The Panama 1/2 Balboa 1934 KM#12.1 VF silver coin is a fascinating numismatic artifact that offers a glimpse into Panama's history and cultural heritage during the early 20th century. This coin, minted in 1934, holds both historical and numismatic significance, with its design, composition, and historical context making it a sought-after collectible. The history of the Panama 1/2 Balboa coin can be traced back to Panama's adoption of the Balboa as its official currency in 1904. The Balboa was named in honor of Vasco Núñez de Balboa, the Spanish explorer who was the first European to discover the Pacific Ocean. Initially pegged to the U.S. dollar at a 1:1 ratio, the Balboa became the official currency of Panama, coexisting with the U.S. dollar, which is still widely accepted in the country today.

    The design of the Panama 1/2 Balboa 1934 KM#12.1 VF silver coin is a reflection of Panama's cultural identity and the era in which it was minted. The obverse side of the coin features a depiction of Vasco Núñez de Balboa, the namesake of the currency, standing with a banner in his hand. This image pays tribute to Balboa's exploratory journey and his pivotal role in Panama's history. The details of the design are skillfully executed, with Balboa's likeness rendered in fine detail and the background adorned with intricate patterns. On the reverse side of the coin, the coat of arms of Panama takes center stage. The coat of arms is divided into four quadrants, each representing different aspects of Panama's history and culture. These elements include a ship, a cornucopia, a crossed sword and gun, and a mountain range. Surrounding the shield are vibrant laurel wreaths, adding to the coin's visual appeal. The design captures the essence of Panama's identity, combining elements of its history, commerce, and natural beauty.

    In terms of its physical specifications, the Panama 1/2 Balboa 1934 KM#12.1 VF silver coin has a diameter of approximately 25 millimeters. This size allows for the design details to be effectively showcased while making the coin easily manageable and appreciated by collectors. The coin has a weight of approximately 5.83 grams, giving it a satisfying heft when held in hand. This weight, combined with its size, makes it a substantial addition to any coin collection.

    The purity of the Panama 1/2 Balboa 1934 KM#12.1 VF silver coin is .900 fine silver. This level of purity is typical for silver coins of the era and enhances the coin's intrinsic value and aesthetic appeal.

    The coin was minted at the Philadelphia Mint in the United States, a well-known minting facility with a rich history of producing high-quality coins. The mintage of the 1934 Panama 1/2 Balboa coin can vary, but it was typically produced in quantities sufficient to support the needs of commerce in Panama.

    When assessing the condition of this coin, it is classified as VF (Very Fine), indicating that it exhibits moderate wear consistent with circulation. While some of the finer details may show signs of wear, the overall design and important features of the coin remain well-preserved. VF coins are often appreciated for their historical authenticity and the stories they carry from their time in circulation.

    A noteworthy fact about Panama is its strategic location as the site of the Panama Canal, one of the most significant engineering feats of the 20th century. The canal, which connects the Atlantic and Pacific Oceans, has played a pivotal role in global trade and transportation, making Panama a key player in international commerce.

    <>The Panama 1/2 Balboa 1934 KM#12.1 VF silver coin is a captivating numismatic piece that offers insight into Panama's history, culture, and the era in which it was minted. Its intricate design, appropriate size, significant weight, silver composition, and historical context make it a cherished addition to any coin collection. Whether admired for its historical significance, aesthetic appeal, or connection to Panama's cultural heritage, this coin stands as a testament to the nation's enduring legacy in the world of numismatics.

  • Details:
    • Denomination: N/A
    • Year: 1934
    • Diameter: N/A
    • Mint Mark: N/A
    • Thickness: N/A
    • Grade: N/A

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