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The Panama 1/10 Balboa 1972 KM#10a PF coin is a remarkable numismatic treasure that provides a glimpse into the history and culture of Panama. Minted in 1972, this coin carries with it a rich historical background, an intricate design, and impressive specifications, making it a sought-after piece among collectors.
The history of the Panama 1/10 Balboa coin is closely tied to the nation's adoption of the Balboa as its official currency in 1904. Named after the Spanish explorer Vasco Núñez de Balboa, who was the first European to set eyes on the Pacific Ocean, the Balboa was initially pegged to the United States dollar at a 1:1 ratio, making it interchangeable with U.S. currency.
The design of the Panama 1/10 Balboa 1972 KM#10a PF coin is a testament to Panama's unique cultural heritage and natural beauty. The obverse side of the coin features a depiction of Vasco Núñez de Balboa, the currency's namesake, standing with a banner in his hand. This image pays homage to his exploratory journey and pivotal role in Panama's history. The details of the design are meticulously 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 composed of a shield 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 1/10 Balboa 1972 KM#10a PF coin is relatively small in size, with a diameter of approximately 16.5 millimeters. Its compact dimensions make it easy to handle and admire, allowing collectors to appreciate the intricate design details.
The coin has a weight of approximately 1.7 grams, providing a lightweight and convenient form. Its modest weight makes it suitable for both collecting and everyday use as a circulating coin.
Regarding its composition, the Panama 1/10 Balboa coin is typically crafted from copper-nickel, an alloy known for its durability and resistance to corrosion. This choice of material ensures that the coin can withstand the rigors of circulation while retaining its luster and appearance.
As a proof coin, the Panama 1/10 Balboa 1972 KM#10a PF is struck using specially prepared dies and polished planchets to create a coin with exceptional detail and a mirrored background. Proof coins are known for their sharp design features and pristine surfaces, making them highly sought after by collectors. The coin's original mint luster remains intact, enhancing its visual appeal.
A notable fact about Panama is its strategic location, bridging the Atlantic and Pacific Oceans through the Panama Canal. This engineering marvel has played a pivotal role in global trade and commerce, making Panama a crucial player in international affairs. The coin serves as a tangible reminder of Panama's history, culture, and contributions to the world.
In conclusion, the Panama 1/10 Balboa 1972 KM#10a PF coin is a captivating numismatic piece that offers a window into Panama's rich history and cultural identity. Its intricate design, modest size, lightweight composition, proof finish, and connection to Panama's historical significance make it a prized addition to any coin collection. Whether admired for its aesthetic appeal, symbolic significance, or representation of Panama's vital role in global trade, this coin continues to hold its value and significance in the world of numismatics.