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The Panama 1 centesimo 1937 KM#14 XF is a numismatic treasure that seamlessly blends historical significance with artistic elegance. As a coin expert, it's a pleasure to delve into the nuanced aspects of this remarkable coin, from its captivating history and intricate design to its precise specifications and the esteemed mint where it was crafted. The history of the Panama 1 centesimo 1937 KM#14 XF is intertwined with Panama's tumultuous path to independence and economic development. In the early 20th century, Panama was a part of the Republic of Colombia. However, the fervor for autonomy led to Panama's declaration of independence on November 3, 1903. Subsequently, Panama signed the Hay-Bunau-Varilla Treaty, granting the United States control over the construction and operation of the Panama Canal—a pivotal moment in global trade history. The coin, minted in 1937, serves as a tangible witness to Panama's emergence as a sovereign nation and a player on the world stage.
The design of the Panama 1 centesimo 1937 KM#14 XF is an exquisite blend of artistic finesse and historical symbolism. The obverse of the coin features the iconic Panama Canal, symbolizing progress, international trade, and connectivity. On the reverse, one can observe the denomination "1 Centesimo" and the year of minting, "1937," enclosed by a wreath of laurel leaves. Even in Extremely Fine (XF) condition, this coin retains its intricate details, providing a mesmerizing glimpse into the artistry of its era.
With a diameter of 19.5 millimeters and a weight of approximately 2.7 grams, the Panama 1 centesimo 1937 KM#14 XF belongs to the category of small denomination coins. Its modest size and weight make it a convenient addition to any coin collection. The coin is primarily composed of bronze, with a touch of copper added for durability and enhanced visual appeal.
The distinguished mint responsible for crafting this numismatic masterpiece was none other than the United States Mint, located in Philadelphia. This association with the United States Mint underscores the historical and economic ties between Panama and the United States during the construction and early operation of the Panama Canal. The United States Mint was renowned for its rigorous quality standards, ensuring that the Panama 1 centesimo 1937 KM#14 XF met the highest numismatic benchmarks of its time.
The Panama 1 centesimo 1937 KM#14 XF transcends its status as a mere coin; it encapsulates Panama's journey towards independence and its pivotal role in reshaping global trade. Its intricate design, modest dimensions, and affiliation with the esteemed United States Mint make it a prized addition to any coin collection. Whether you're a seasoned numismatist or an aspiring collector, this coin's rich history and Extremely Fine condition make it a cherished relic of the past—a tangible link to a transformative period in Panama's history.