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1 Balboa 1988 Winter Olympics Calgary - Hockey

Issuer Panama
Year 1988
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Orientation Medal alignment ↑↑
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Reverse lettering XV JUEGOS OLIMPICOS DE INVIERNO
CALGARY 1988
Edge Reeded
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Additional information

Panama has no meaningful connection to ice hockey, and that's precisely the point. The 1988 Calgary Games generated a wave of commemorative coinage from nations with no Olympic presence in winter sports — Panama among them — capitalizing on collector demand rather than national participation. These issues were struck for the numismatic market, not circulation, which is why surviving examples almost universally show no wear.

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