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The Panama 1 centesimo 1973 KM#22 PF coin is a captivating numismatic treasure that provides a window into Panama's history and culture during the latter part of the 20th century. Minted in 1973, this coin represents a blend of tradition and modernity, making it a unique addition to any coin collection. The history of the Panama 1 centesimo coin is closely tied to Panama's status as a sovereign nation and its use of the Balboa as its official currency. The Balboa, named after Vasco Núñez de Balboa, the Spanish explorer who first crossed the Isthmus of Panama and discovered the Pacific Ocean, has been Panama's official currency since 1904. Interestingly, Panama also uses the U.S. dollar as legal tender alongside the Balboa, with both currencies circulating interchangeably.
The design of the Panama 1 centesimo 1973 KM#22 PF coin reflects Panama's unique 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 history, natural beauty, and its strategic position as a global crossroads of trade. On the reverse side of the coin, the denomination "1 CENTESIMO" is prominently displayed at the center, accompanied by the year of minting, "1973." The overall design is framed by an intricate border, adding to the coin's visual appeal and sense of craftsmanship.
In terms of its physical specifications, the Panama 1 centesimo 1973 KM#22 PF coin is relatively small in size, with a diameter of approximately 18 millimeters. This compact size allows for the coin's design details to be effectively showcased, making it an ideal canvas for numismatic artistry.
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 crafted from bronze, a durable alloy known for its resistance to corrosion. This choice of material ensures that the coin can withstand the rigors of circulation while retaining its luster and appearance over time.
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 1973 Panama 1 centesimo coin can vary, but it was typically produced in quantities necessary to meet the demands of everyday commerce, making it a readily available denomination.
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 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, connecting the Atlantic and Pacific Oceans, has played a pivotal role in global trade and transportation, making Panama a pivotal player in international affairs. The coin serves as a tangible reminder of Panama's importance on the world stage.
In conclusion, the Panama 1 centesimo 1973 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.