Introduction

The Panama 1 balboa 1978 coin holds a special place in numismatic history as it commemorates the 75th anniversary of the Republic of Panama. Struck in silver with a denomination of 1 balboa, this coin pays tribute to the renowned explorer Vasco Nuñez de Balboa. Let's delve deeper into the significance and unique features of this remarkable coin.

Historical Background

Issued by Panama in 1978, this coin marks a pivotal moment in Panamanian history. The choice of Vasco Nuñez de Balboa for the reverse design is symbolic, as he was the first European to discover the Pacific Ocean in 1513. This event was a monumental achievement in the Age of Exploration and solidified Balboa's place in history. The coin serves as a tangible link to Panama's rich cultural heritage and exploratory spirit.

Coin Images

Obverse

Reverse

Design Features

The obverse of the coin features the inscription "1 BALBOA / 75 ANNIVERSARIO / f / LEY 0.925 / REPUBLICA DE PANAMA," highlighting the 75th anniversary of the Republic of Panama and the coin's silver composition. On the reverse side, the coin showcases the year "1978" alongside the image of Vasco Nuñez de Balboa, honoring his pioneering expedition. The designs are intricately crafted, reflecting the artistry and attention to detail of the minting process.

Technical Specifications

This silver coin weighs 26.73 grams with a diameter of 38.10mm, making it a substantial piece in terms of size and weight. Composed of 92.5% silver, the coin embodies both intrinsic value and historical significance. The meticulous craftsmanship and adherence to quality standards make this coin a sought-after collectible among numismatists.

Collectible Value

The Panama 1 balboa 1978 coin holds a special place in the hearts of collectors due to its historical theme and limited mintage. Its silver composition adds to its appeal for both investors and enthusiasts. The coin's rarity and connection to Vasco Nuñez de Balboa make it a prized possession for those passionate about numismatics. Its market value reflects not just its silver content but also its cultural and historical importance.

Conclusion

In conclusion, the Panama 1 balboa 1978 silver coin stands as a testament to Panama's enduring legacy and Vasco Nuñez de Balboa's pioneering spirit. With its intricate designs, significant historical background, and collectible value, this coin captures the essence of exploration and discovery. Whether for investment purposes or as a cherished collectible, this coin offers a glimpse into a bygone era and a reminder of the enduring allure of numismatics.