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The Panama 20 Balboas 1972-1976 KM#31 BU coin is a remarkable numismatic masterpiece that offers a window into Panama's history and cultural heritage. Minted between 1972 and 1976, this coin is a tribute to the great South American liberator Simon Bolivar, and it holds a special place in the world of coin collecting due to its rarity and significance.
The history of the Panama 20 Balboas coin is deeply connected to Panama's unique currency system. 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. While Panama uses its own currency, it also officially recognizes the U.S. dollar, and both currencies circulate interchangeably.
The design of the Panama 20 Balboas 1972-1976 KM#31 BU coin is a testament to Simon Bolivar's enduring legacy in South America. The obverse side of the coin features a detailed bust of Simon Bolivar, the revolutionary leader who played a pivotal role in the liberation of several South American countries from Spanish colonial rule. Bolivar's likeness is portrayed with remarkable precision, capturing the determination and vision that defined his leadership. On the reverse side of the coin, the denomination "20 BALBOAS" is prominently displayed at the center, flanked by laurel wreaths and the year of minting, "1972-1976." 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 1972-1976 KM#31 BU 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 typically 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.
When assessing the condition of this coin, it is classified as BU (Brilliant Uncirculated), indicating that it has never been in circulation and retains its original mint luster. BU coins are known for their sharp design features, pristine surfaces, and overall excellence in quality, making them highly sought after by collectors.
A fascinating fact about Panama is its unique geographical position, serving as a bridge between North and South America and housing the Panama Canal, one of the world's most critical maritime routes. The canal's construction and operation have had a profound impact on global trade and transportation, making Panama a strategic player in international commerce.
In conclusion, the Panama 20 Balboas 1972-1976 KM#31 BU coin is a numismatic masterpiece that pays homage to the legacy of Simon Bolivar and Panama's cultural heritage. Its impressive size, substantial weight, high silver purity, limited mintage, and connection to Panama's role in global trade make it a coveted addition to any coin collection. Whether admired for its historical significance, aesthetic appeal, or representation of Panama's unique identity, this coin stands as a testament to the nation's rich history and its contributions to the world of numismatics.