1974 Panama 20 Balboa Silver Proof Coin.
Panama issued large silver 20 Balboa coins between 1971 to 1985. At the time, the 20 Balboas were one of the largest silver coins produced. Issued in both proof and uncirculated finishes, they are a popular choice for collectors and investors. The mintage of the proof versions is higher than that of the uncirculated coins.
These coins are struck in sterling silver (.925 fineness) and contain 3.8544 troy ounces of the precious metal. The mintage figure for these proof coins is 116,000.
Panama was discovered by Christopher Columbus in 1502, and explored by Vasco Nunez de Balboa in 1513. It became independent of Spanish rule in 1821and joined the Confederation of Greater Columbia. In 1903 with US encouragement and support it broke away to become a fully independent republic.
Panama started issuing its own coins after independence from Columbia in 1903. In the days of Spanish control, Panama City was a main shipping centre for plundered gold and silver from Latin America, and is seems appropriate therefore that Panama has produced a number of attractive, often very large, silver coins.
The obverse bears a three quarter portrait of Simon Bolivar, the legendary political and military leader who helped Panama to establish itself as a sovereign state, independent of Spanish rule. The coin bears the inscription
SIMON BOLIVAR 1783 - 1830
1974
The reverse bears the coat of arms of Panama with the inscription:
REPUBLICA DE PANAMA LEY 0.925 · · 20 BALBOAS · ·
Denomination | 20 Balboas |
Fineness | 0.925 |
Finish | Proof |
Diameter | 61mm |
Weight | 129.59g |
Actual Silver Weight | 3.8544 troy ounces |
Mint | Franklin Mint |
Mintage | 116,000 |
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Bullion coins are provided as is and on occasion may have some minor scratches or edge knocks. These are not regarded as faulty or damaged goods as their precious metal content and value as a bullion coin is not affected. Any coin sold for a value less than a 180% intrinsic is considered a bullion coin.
Gold investment products are VAT free. Silver investment products are inclusive of VAT at the current rate unless otherwise stated.
All investment products are based on the live precious metal price. Prices will be fixed once the item has been added to the basket and recalculates just before checking out.
If your product is not a graded coin and is considered a bullion item, it should be noted that these are bought and sold on low premiums over their precious metal content and not solely for aesthetic purposes; therefore, some products may have edge knocks and/or marks. These edge knocks and marks do not alter the specifications of the coins.
Please note that all investment products are exempt from the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 and therefore customers do not have the right to cancel their order once the order has been accepted. If customers no longer wish to go ahead with their investment purchase, there is an option to sell the products back to Chard (1964) Ltd instead. View our current buy back prices.
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