-
Inventory:
2 In Stock
- Product ID: 44137
Checkout
The Panama 20 Balboas 1974 KM#31 PF Simon Bolivar silver coin is a remarkable piece of numismatic history, released in honor of one of Latin America's most influential figures, Simón Bolívar. Bolívar, often referred to as "El Libertador" (The Liberator), played a pivotal role in the independence movements of several South American countries, including Venezuela, Colombia, Ecuador, Peru, and Bolivia. His legacy as a liberator and unifier of Latin American nations is well-remembered, and this coin serves as a tribute to his contributions to the region's freedom and independence. The 20 Balboas coin, issued by the Republic of Panama, was minted in 1974 to mark the centennial of Bolívar's death, which occurred in 1830. As a piece of commemorative currency, it holds both historical significance and value as a collectible item.
The design of the 20 Balboas 1974 coin is a powerful and symbolic representation of Bolívar's legacy. On the obverse, the coin features a portrait of Simón Bolívar in profile, capturing his iconic image that is widely associated with the independence movements of the 19th century. Bolívar’s features are strong and resolute, symbolizing his determination and leadership during a time of upheaval in Latin America. The portrait is surrounded by the inscription "Simón Bolívar," his name, along with the dates "1783-1830," marking his birth and death, respectively. This design is not only a tribute to his memory but also a reminder of the great strides Bolívar made in fighting for the freedom of his people.
The reverse of the coin features the national emblem of Panama, which includes a detailed depiction of the Panama Canal, a vital waterway that connects the Atlantic and Pacific Oceans. The emblem is a fitting tribute to Panama, a nation that owes much of its modern-day prosperity to the canal's construction. The reverse also bears the inscription "República de Panamá," identifying the issuing country, along with the coin's denomination, "20 Balboas." The words "Libertador" and "Centenario" are also inscribed, signifying Bolívar's role as the "Liberator" and the centennial commemoration of his death. The overall design of the coin ties Bolívar’s legacy to Panama's national identity and celebrates his contributions to the independence of several countries in Latin America.
The Panama 20 Balboas 1974 coin was struck in 0.900 silver, making it a highly sought-after piece for collectors of precious metal coins. The silver content of the coin weighs approximately 1.25 troy ounces, giving it a substantial value beyond its face value as a commemorative piece. The coin’s diameter is 40 millimeters, providing ample space for the intricate design elements to be clearly depicted. The fine silver content and the high-quality minting process make this coin a standout piece for those interested in collecting historical coins from Latin America.
The mintage of the Panama 20 Balboas 1974 coin was limited, adding to its rarity and appeal. It is estimated that only 10,000 pieces were struck, which makes it a relatively low-mintage coin compared to other commemorative issues. The limited production ensures that each coin is a rare find, and its scarcity has made it a prized possession for collectors. The 20 Balboas coin is not only valued for its silver content but also for its historical significance, commemorating the centennial of Simón Bolívar’s death. As a result, the coin holds substantial numismatic value and is often sought after by collectors of Latin American coins and those with a particular interest in commemorative pieces related to Bolívar.
The coin’s condition is critical in determining its value within the numismatic market. The Panama 20 Balboas 1974 is often found in proof condition, as it was specifically issued as a proof coin to mark the special occasion. A proof coin is struck with extra care, using polished dies and high-quality methods to produce a coin with a mirror-like finish and sharp details. The 1974 Simon Bolivar coin was issued as part of Panama’s efforts to honor Bolívar's legacy, and its minting in proof condition ensures that it is in excellent quality. Coins with this designation are typically valued higher than those that have been circulated or are in lower grades. This particular coin, being a proof, offers collectors a pristine example of the intricate design and the historical significance of the coin, making it a desirable piece for anyone interested in the collection of silver commemorative coins.
The Panama 20 Balboas 1974 coin is not only a testament to Bolívar’s role in the independence of South America but also a reflection of Panama's national pride and its historical connection to the broader Latin American struggle for freedom. The coin serves as a reminder of the enduring influence of Bolívar, whose vision for a united Latin America continues to inspire people across the continent. Additionally, the coin highlights Panama’s important position as the site of the Panama Canal, an engineering marvel that has had a profound impact on global trade and commerce.
As with any rare and historically significant coin, the Panama 20 Balboas 1974 holds a strong position in the world of numismatics. Its unique design, limited mintage, and connection to a pivotal figure in Latin American history ensure that it remains a valuable piece for collectors and investors alike. The 20 Balboas coin not only represents the country of Panama but also pays tribute to the broader historical context of independence movements throughout Latin America. Whether for its value in precious metals, its aesthetic design, or its historical significance, the Panama 20 Balboas 1974 coin remains an important and cherished item in the world of collectible coins.