Panama 50 centesimos 1979 KM#38.1 PF Lesseps

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  • Product ID: 30408
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  • Description:

    The Panama 50 centesimos coin from 1979, designated as KM#38.1 in the Lesseps series and graded as Proof (PF), holds a special place in the world of numismatics. It represents a rich tapestry of history, culture, and the enduring legacy of Ferdinand de Lesseps, who played a pivotal role in the construction of the Panama Canal. This coin serves as both a commemorative piece and a work of art.

    Historically, Panama's connection to France, specifically through Ferdinand de Lesseps, is a significant aspect of this coin's story. Ferdinand de Lesseps was a French diplomat and engineer renowned for his success in constructing the Suez Canal in Egypt. Inspired by this achievement, he embarked on a grand vision to construct a canal through Panama, connecting the Atlantic and Pacific Oceans. His efforts culminated in the ill-fated French attempt to build the Panama Canal in the late 19th century, a venture that faced insurmountable challenges, including disease and engineering difficulties.

    The obverse (front) of the coin features a striking portrait of Ferdinand de Lesseps. His image is encircled by an ornate border, and the coin's denomination, "50 CENTESIMOS," is inscribed at the bottom. The design pays homage to de Lesseps' vision and dedication to the canal's construction. It serves as a tribute to his pioneering spirit, even though the French attempt ultimately failed, paving the way for the United States to complete the canal in the early 20th century. The reverse (back) of the coin features Panama's national emblem. The emblem consists of a shield adorned with laurel branches, symbolizing victory and peace. Within the shield, the national flag of Panama and the United States flag are intertwined, reflecting the historical connection between the two nations during the construction of the Panama Canal. At the center of the emblem is a harpy eagle, Panama's national bird, holding a serpent in its talons. This emblematic image signifies the triumph over adversity and the strength of Panama as a nation.

    The Panama 50 centesimos coin has a diameter of approximately 27 millimeters, making it a substantial and visually appealing piece. Typically, it weighs around 9 grams. The coin's composition is primarily cupronickel, a durable alloy of copper and nickel, ensuring its longevity and resistance to wear and corrosion.

    While the coin does not contain precious metals like gold or silver, its Proof (PF) finish adds significant value. Proof coins are crafted with meticulous attention to detail, resulting in sharp, well-defined designs, mirrored backgrounds, and pristine finishes. They are often produced in limited quantities, making them highly sought after by collectors for their exceptional quality and historical significance.

    It is likely that the Panama 50 centesimos coin from 1979 was produced at a reputable mint facility, possibly the Casa de Moneda de México (the Mexican Mint) in Mexico City. While precise mintage figures can vary, these coins were likely struck in sufficient quantities to make them accessible to collectors and enthusiasts.

    An interesting fact about Panama is its status as a global crossroads. The Panama Canal, often referred to as the "Gateway to the World," is one of the most critical maritime passages worldwide. It facilitates the movement of goods and connects the Atlantic and Pacific Oceans, making it a vital artery of global trade. Panama's geographical location has made it a hub for international commerce and a strategic linchpin for the global economy.

    In conclusion, the Panama 50 centesimos coin from 1979, cataloged as KM#38.1 in the Lesseps series and graded as Proof (PF), encapsulates a compelling chapter in Panama's history. It pays tribute to Ferdinand de Lesseps and his vision for the Panama Canal, even though the French attempt ultimately failed. The coin's exquisite design, significant size, and Proof finish make it a cherished numismatic collectible. It stands as a symbol of Panama's historical ties to France and the United States, particularly in the context of the Panama Canal's construction. As a work of art and a commemorative piece, it serves as a testament to the enduring legacy of those who contributed to the canal's development and Panama's role as a global crossroads.

  • Details:
    • Denomination: N/A
    • Year: 1979
    • Diameter: N/A
    • Mint Mark: N/A
    • Thickness: N/A
    • Grade: N/A

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