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1/2 Balboa
| Issuer | Republic of Panama |
|---|---|
| Year | 1930-1962 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Balboa (1904-date) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | REPUBLICA DE PANAMA PRO MUNDI BENEFICIO LEY GR. 0.90 12.50 1934 (Translation: Republic of Panama For the Benefit of the World 0.900 Purity 12.5 Grams) |
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| Reverse script | Latin |
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| Additional information |
Panama has never operated its own mint — every Balboa coin in this series was struck under contract at the Philadelphia Mint, making U.S. facility records the primary documentation for these issues. The arrangement stems from the 1904 monetary convention that pegged the Balboa at exact parity with the U.S. dollar, a parity that has never been broken.
The 1930 resumption of coinage followed a gap of several years during which U.S. currency simply absorbed domestic demand. KM#12 runs through 1962, but mintages within the series vary sharply — the 1932 issue is notably scarce in circulated grades due to a very low production run ordered during the Depression.