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The Panama 1 Centesimo 1971 KM#22 PF coin is a captivating numismatic piece that offers a glimpse into Panama's history, culture, and heritage. Minted in 1971, this coin holds a special place in the world of collectors and enthusiasts due to its unique design, historical significance, and precious metal content.
The history of the Panama 1 Centesimo coin is closely linked to Panama's use of the Balboa as its official currency. The Balboa, named after the Spanish explorer Vasco Núñez de Balboa, has been Panama's official currency since 1904. Interestingly, Panama also recognizes the U.S. dollar as legal tender, and both currencies are widely used and accepted within the country.
The design of the Panama 1 Centesimo 1971 KM#22 PF coin reflects Panama's cultural heritage and natural beauty. On the obverse side of the coin, you will find a depiction of a harpy eagle perched on a branch. The harpy eagle, one of the largest and most powerful eagles in the world, is native to the rainforests of Central and South America, including Panama. This image pays homage to Panama's unique wildlife and ecological importance.
On the reverse side of the coin, the denomination "1 CENTESIMO" is prominently displayed at the center, along with the year of minting, "1971." The overall design is framed by an intricate border, enhancing the coin's visual appeal.
In terms of its physical specifications, the Panama 1 Centesimo 1971 KM#22 PF coin is relatively small in size, with a diameter of approximately 19 millimeters. Its compact dimensions make it easy to handle and collect, while also allowing for intricate design details.
The coin has a weight of approximately 2.5 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 crafted from cupronickel, an alloy made from copper and nickel. Cupronickel is renowned for its durability and resistance to corrosion, ensuring 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 country's official minting facility responsible for producing its currency. The mintage of the 1971 Panama 1 Centesimo coin can vary from year to year, depending on the country's economic needs and demand for small denomination coins.
A fascinating fact about Panama is its incredible biodiversity and lush rainforests, which are home to a wide variety of plant and animal species, including the harpy eagle depicted on the coin. Panama's commitment to preserving its natural heritage is reflected in its coinage, which often features wildlife and flora indigenous to the region.
In conclusion, the Panama 1 Centesimo 1971 KM#22 PF coin is a captivating numismatic piece that showcases Panama's natural beauty and cultural heritage. Its small size, lightweight composition, proof finish, and connection to Panama's diverse wildlife make it a cherished addition to any coin collection. Whether admired for its aesthetic appeal, representation of Panama's rich biodiversity, or historical significance, this coin stands as a testament to the nation's unique identity and contributions to the world of numismatics.