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The Panama 20 Balboas 1971 KM#29 PF coin is a numismatic masterpiece that holds great historical significance as it commemorates Panama's declaration of independence from Colombia. Minted in 1971, this coin is revered by collectors and enthusiasts for its exquisite design, precious metal content, and its role in commemorating a pivotal moment in Panama's history.
The history of the Panama 20 Balboas coin is deeply intertwined with Panama's struggle for independence. Before becoming an independent nation, Panama was a part of Colombia. However, on November 3, 1903, Panama declared its independence from Colombia, with the support of the United States. This act of sovereignty eventually led to the construction of the Panama Canal, a project of immense global importance.
The design of the Panama 20 Balboas 1971 KM#29 PF coin is a tribute to Panama's declaration of independence. The obverse side of the coin features a depiction of Panama's national coat of arms. The coat of arms includes a shield with a ship sailing in the Pacific Ocean, representing the country's strategic location and the importance of the Panama Canal. Two crossed rifles and a military helmet symbolize Panama's commitment to defending its sovereignty.
On the reverse side of the coin, the denomination "20 BALBOAS" is prominently displayed at the center, along with the year of minting, "1971." The overall design is framed by an ornate border, adding to the coin's visual appeal and sense of artistry.
In terms of its physical specifications, the Panama 20 Balboas 1971 KM#29 PF coin is substantial in size, with a diameter of approximately 61 millimeters. Its generous dimensions allow for intricate details to be showcased prominently, making it an ideal canvas for numismatic craftsmanship.
The coin has a weight of approximately 129 grams, providing a satisfying heft when held in hand. Its weight, coupled with its size, makes it a substantial and impressive addition to any coin collection.
Regarding its composition, the Panama 20 Balboas coin is crafted from .925 fine silver. This high silver content gives the coin a distinct luster and appearance, adding to its overall appeal as a numismatic treasure.
The coin was minted at the National Mint of Panama, the official minting facility responsible for producing the country's currency. The mintage of the 20 Balboas coin was limited, making it a relatively scarce find for collectors. The specific mintage figures may vary depending on the year of production, adding to the coin's desirability among collectors.
A noteworthy fact about Panama is its vital role in international trade and commerce due to the presence of the Panama Canal. This engineering marvel connects the Atlantic and Pacific Oceans, facilitating the transit of goods and vessels from around the world, and it continues to be a cornerstone of Panama's economy and global trade.
In conclusion, the Panama 20 Balboas 1971 KM#29 PF coin is a numismatic treasure that commemorates Panama's declaration of independence and its strategic significance in the world. Its impressive size, substantial weight, high silver purity, limited mintage, and connection to the Panama Canal make it a prized addition to any coin collection. Whether admired for its historical significance, aesthetic appeal, or representation of Panama's rich history, this coin stands as a testament to the nation's enduring legacy and contributions to the world of numismatics.