Panama Panama ½ balboa, 1961

1. Introduction: The Panama ½ balboa silver coin minted in 1961 holds a special place in the world of numismatics. Renowned for its stunning design and historical significance, this coin offers collectors a glimpse into Panama's rich heritage.
2. Historical Background: Issued by Panama in 1961, this coin symbolizes the country's transition to a Republic. The ½ balboa denomination was an integral part of Panama's currency system, reflecting its ties to the U.S. due to the Panama Canal's strategic importance.
3. Design Features: The obverse of the coin features the year '1961' above 'GR 12.50' and 'LEY 0.900', indicating its silver content. The inscription 'REPUBLICA DE PANAMA' surrounds the central design. On the reverse, the simple yet elegant 'MEDIO BALBOA' text signifies the coin's denomination.
4. Technical Specifications: This silver coin weighs 12.50 grams and has a diameter of 30.61mm. With a silver fineness of 0.900, this coin exemplifies the fine craftsmanship of the minting process.
5. Collectible Value: The Panama ½ balboa coin from 1961 is highly sought after by collectors due to its historical significance and limited mintage. Its rarity and silver composition contribute to its collectible value, making it a prized possession for numismatists.
6. Conclusion: In conclusion, the Panama ½ balboa silver coin of 1961 encapsulates a pivotal period in Panama's history. Its exquisite design, historical relevance, and collectible value make it a cherished addition to any coin collection, reflecting the enduring legacy of this Central American nation. By crafting this detailed article, we have highlighted the unique features and historical significance of the Panama ½ balboa silver coin from 1961, catering to both numismatic enthusiasts and general readers interested in exploring the world of rare coins.

Coin Images

Obverse

Reverse