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The Panama 2.5 Centesimos 1975 KM#34.1 PF Lorenzo is a remarkable numismatic specimen that carries with it a piece of Panama's history, an exquisite design, specific physical attributes, its place of origin, mintage data, and the intriguing tale of Lorenzo. The history of this coin is intertwined with Panama's own story. In 1975, Panama was under the military rule of General Omar Torrijos Herrera. This period marked a time of transformation for the nation as it sought greater control over the Panama Canal, a vital waterway linking the Atlantic and Pacific Oceans. It was during this time that the Panama 2.5 Centesimos 1975 KM#34.1 PF Lorenzo was minted.
The coin features a distinctive design that reflects Panama's cultural and historical heritage. The obverse of the coin showcases a stylized image of Vasco Núñez de Balboa, a Spanish explorer who played a significant role in Panama's history. Balboa was the first European to cross the Isthmus of Panama, making him a key figure in the exploration of the Americas. Beneath Balboa's image, you'll find the coin's denomination, "2.5 CENTESIMOS," indicating its fractional value. This denomination was commonly used in everyday transactions during that period. On the reverse of the coin, you'll encounter the charming figure of Lorenzo. Lorenzo, portrayed in a traditional Panamanian dress with a wide-brimmed hat, is a symbol of the indigenous culture of Panama. His inclusion on the coin highlights the nation's commitment to celebrating its rich and diverse cultural heritage.
The coin has a small size, with a diameter of approximately 17 millimeters and a weight of 2.5 grams. Its compact dimensions make it a manageable and intriguing piece for collectors and enthusiasts. As for its composition, the Panama 2.5 Centesimos 1975 KM#34.1 PF Lorenzo is typically struck in bronze or a bronze-like alloy. This choice of material was common for lower denomination coins during that era due to its durability and cost-effectiveness. Minted in the Panamanian capital, Panama City, this coin bears the mark of its origin. The mint, known as Casa de Moneda de Panamá, has a history of producing coins that represent the nation's evolving identity. When it comes to mintage figures, the Panama 2.5 Centesimos 1975 KM#34.1 PF Lorenzo was likely produced in significant quantities to meet the demands of daily commerce. This higher mintage contributes to the coin's availability in the numismatic market today.
PF in the coin's description stands for Proof, indicating that it was struck with a special process to create a highly detailed and polished finish. Proof coins are typically reserved for collectors and exhibit exceptional quality.
The Panama canal, a marvel of engineering, has played a pivotal role in global trade by providing a shortcut for ships to traverse between the Atlantic and Pacific Oceans. It's fascinating to note that the construction of the canal was a colossal undertaking that involved overcoming challenging terrain and disease, making it one of the most remarkable achievements of the 20th century.
The Panama 2.5 Centesimos 1975 KM#34.1 PF Lorenzo is not merely a coin but a historical artifact that offers insights into Panama's past and cultural diversity. Its historical context, Balboa and Lorenzo designs, small size and weight, bronze composition, mint of origin, higher mintages, Proof condition, and the engineering marvel of the Panama Canal all contribute to its significance as a collectible coin. This coin serves as a testament to Panama's unique blend of history, culture, and progress, making it a valuable addition to any numismatic collection.