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The Panama 1/4 Balboa 1967 KM#11.2a PF coin is a numismatic treasure that offers a window into Panama's history and culture during the mid-20th century. Minted in 1967, this coin is a testament to Panama's unique identity and its enduring connection to the Balboa currency. The history of the Panama 1/4 Balboa coin is closely linked to the use of the Balboa as Panama's official currency. Named after Vasco Núñez de Balboa, the Spanish explorer who first crossed the Isthmus of Panama and discovered the Pacific Ocean, the Balboa has been Panama's official currency since 1904. It is worth noting that the U.S. dollar is also widely accepted and used alongside the Balboa in Panama.
The design of the Panama 1/4 Balboa 1967 KM#11.2a PF coin reflects Panama's cultural heritage and natural beauty. 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 homage to his historic exploration and pivotal role in Panama's history. The details of the design are executed with precision, showcasing Balboa's likeness and the intricate patterns in the background. 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, enhancing the coin's visual appeal. The design encapsulates Panama's identity, merging elements of its history, commerce, and natural beauty.
In terms of its physical specifications, the Panama 1/4 Balboa 1967 KM#11.2a PF coin has a diameter of approximately 23 millimeters. Its size allows for the intricate design details to be prominently displayed while remaining easily manageable and appreciated. The coin has a weight of approximately 5.83 grams, providing a satisfying heft when held in hand. This weight, combined with its size, makes it a substantial and substantial addition to any coin collection.
As for its composition, the Panama 1/4 Balboa coin is typically made 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.
The coin was minted in Panama, specifically at the National Mint of Panama, the official minting facility responsible for producing the country's currency. The mintage of the 1967 Panama 1/4 Balboa coin can vary, but it was typically produced in quantities to meet the demands of everyday commerce.
When evaluating the condition of this coin, it is classified as PF (Proof), indicating that it was struck using specially prepared dies and polished planchets to create a coin with exceptional detail and a mirrored background. PF coins are renowned for their sharp design features and pristine surfaces, making them highly sought after by collectors.
A notable fact about Panama is its strategic location as the site of the Panama Canal, one of the most crucial waterways in the world. The canal, which connects the Atlantic and Pacific Oceans, has played a pivotal role in global trade and transportation. Panama's control of the canal has had a profound impact on the country's economy and international significance.
The Panama 1/4 Balboa 1967 KM#11.2a PF coin is a captivating numismatic piece that offers insight into Panama's history, culture, and enduring connection to the Balboa currency. Its intricate design, appropriate size, substantial weight, copper-nickel composition, and proof finish contribute to its desirability among collectors. Whether appreciated for its aesthetic appeal, historical context, or representation of Panama's cultural heritage, this coin stands as a testament to Panama's enduring legacy in the world of numismatics.