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The Panama 100 Balboas gold coin from 1979, known as the "Golden Turtle," is a remarkable piece of numismatic history, embodying the rich culture and natural heritage of Panama. This coin was issued to commemorate the nation's history and its symbolic relationship with its natural environment. The 100 Balboas coin features the majestic turtle, a creature that holds significant cultural and environmental importance in Panama. This particular coin was minted as a way to honor the biodiversity of the country and its commitment to protecting its natural resources. The turtle depicted on the coin was chosen as a symbol of Panama's efforts to conserve its marine life, a theme that resonates with both Panamanians and the global community. Released in a limited mintage, the Golden Turtle coin quickly became a popular collectible due to its aesthetic appeal, symbolic meaning, and gold content.
The Panama 100 Balboas gold coin features a stunning design that captures the essence of both Panama's rich heritage and its biodiversity. On the obverse of the coin, there is a detailed depiction of a turtle, gracefully swimming in the ocean. The turtle, often associated with longevity and wisdom, represents both the nation's commitment to environmental conservation and its connection to the oceanic world that surrounds it. The turtle's intricate design emphasizes its natural beauty, with clear and flowing lines that bring it to life. Surrounding the image of the turtle is an inscription in Spanish, "Republica de Panama," which translates to "Republic of Panama," affirming the national origin of the coin. Below the turtle, the denomination "100 Balboas" is displayed, indicating the coin's face value.
The reverse side of the Panama 100 Balboas gold coin features an elegant design of the Panamanian coat of arms. This symbolic emblem consists of a pair of ships—one on the Pacific Ocean and the other on the Atlantic—symbolizing the nation's connection between the two oceans, facilitated by the Panama Canal. Above the coat of arms is the year of issue, "1979," while the Latin inscription "PRO MUNDI VIGILANTIA" translates to "For the vigilance of the world." This phrase underscores the importance of Panama's strategic location in world trade and its role in global shipping and commerce. The reverse design also includes the inscription "PANAMA" and "1 ONZA 24 K," indicating the gold content and weight of the coin.
The Panama 100 Balboas gold coin is minted in 24-karat gold, ensuring both high quality and value. Weighing 31.1 grams (1 troy ounce), this coin is made entirely of pure gold, which was standard for high-value coins of this era. The choice of 24-karat gold not only enhances the coin's intrinsic value but also gives it a rich, yellow color that adds to its visual appeal. The gold content, combined with the intricate design, makes this coin an attractive piece for collectors and investors alike. Gold, being a universally recognized and trusted form of currency, adds an additional layer of value to the coin beyond its face value of 100 Balboas. As a result, the Panama 100 Balboas gold coin has remained a significant part of both the global gold market and numismatic collections.
The mintage of the Panama 100 Balboas gold coin was limited, with only 10,000 coins produced. This relatively low mintage has contributed to the coin's rarity and desirability among collectors. Limited mintage coins often become highly sought after, particularly those with unique designs or historical significance. The Golden Turtle coin is no exception, as it appeals to both those interested in Panama's natural history and those who collect gold coins. Over the years, the coin has become a symbol of Panama's cultural identity and its efforts in environmental conservation. As such, it holds both historical and financial value, making it a prized piece for any collection. The limited mintage has also made the coin a valuable asset for investors, as the combination of its gold content and its rarity boosts its market appeal.
In terms of condition, the Panama 100 Balboas gold coin is highly prized in uncirculated (UNC) condition. Coins in UNC condition have been preserved with minimal signs of wear and retain their original luster. These coins are highly sought after by collectors due to their pristine state, which allows their design details to be fully appreciated. The coins are typically graded on a scale from "Mint State" (MS) to "Circulated" conditions, with higher grades indicating coins that are closer to their original state. A coin in MS70, for example, would be considered perfect, with no visible imperfections. A coin with a grade of XF (Extremely Fine) or AU (About Uncirculated) may show slight wear on the highest points of the design, but the overall condition remains excellent. As such, coins in UNC or MS grades are considered the most valuable on the market.
The Panama 100 Balboas gold coin, particularly in high grades such as UNC or MS, is an excellent investment piece. Given its low mintage and the rising price of gold, the coin has seen significant appreciation in value since its release. Collectors and investors alike are drawn to the coin for its blend of cultural importance, aesthetic beauty, and inherent value. The coin represents a convergence of art, history, and economics, and it continues to be a symbol of Panama's rich heritage and natural wonders. For those interested in collecting rare and valuable coins or those looking to invest in gold, the Panama 100 Balboas gold coin offers a unique opportunity to own a piece of history that is both visually stunning and financially sound.