-
Inventory:
1 In Stock
- Product ID: 41693
Checkout
The Panama 1 centesimo 1968 KM#22 PF coin is a fascinating numismatic piece that offers a window into Panama's history and culture during the late 20th century. Minted in 1968, this coin is a testament to Panama's unique identity and the importance of its currency in everyday commerce. The history of the Panama 1 centesimo coin is closely tied to Panama's use of the Balboa as its 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, and the two currencies are used interchangeably.
The design of the Panama 1 centesimo 1968 KM#22 PF coin reflects Panama's cultural heritage and the era in which it was minted. The obverse side of the coin features the national emblem of Panama, which includes a shield with a ship on waves, a rising sun, and mountains in the background. This emblem represents Panama's maritime and natural beauty, as well as its historical significance as a crossroads of trade. On the reverse side of the coin, the denomination "1 CENTESIMO" is prominently displayed at the center, along with the year of minting, "1968." The overall design is framed by a decorative border, adding to the coin's visual appeal.
In terms of its physical specifications, the Panama 1 centesimo 1968 KM#22 PF coin is relatively small in size, with a diameter of approximately 18 millimeters. Its compact dimensions make it easy to handle and appreciate, allowing collectors to admire the design details.
The coin has a weight of approximately 1.8 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 centesimo coin is typically made from bronze, 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 1968 Panama 1 centesimo coin can vary, but it was typically produced in quantities necessary to meet the demands of everyday commerce.
When assessing 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 known for their sharp design features and pristine surfaces, making them highly sought after by collectors.
A noteworthy 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, making Panama a pivotal player in international affairs.
In conclusion, the Panama 1 centesimo 1968 KM#22 PF coin is a captivating numismatic piece that captures the essence of Panama's cultural heritage and historical significance. Its intricate design, modest size, lightweight composition, proof finish, and connection to Panama's role in global trade make it a cherished addition to any coin collection. Whether admired for its aesthetic appeal, historical context, or representation of Panama's unique identity, this coin stands as a testament to the nation's enduring legacy in the world of numismatics.