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1 Liberty Dollar Counterstamp on Panama 1 Balboa, 1931-53

Issuer Anguilla Provisional Government
Year 1967
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Value 1 Dollar
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Reverse description The reverse retains the original design of the Panama 1 Balboa host coin (KM#13 or KM#21), showing the standing figure of the Republic personified as an allegorical female figure in classical drapery, holding a staff or lance in her right hand and resting her left hand upon the national shield. The Panamanian coat of arms appears to the left of the figure. The circular legend REPVBLICA DE PANAMA runs around the upper periphery, while the date of the host coin appears in the exergue. Fineness and weight inscriptions LEY 0.900 and GR 26.73 are struck to the right of the central figure, and the motto PRO MUNDI BENEFICIO appears on the host coin's original design.
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Reverse lettering REPVBLICA DE PANAMA
LEY 0.900
GR 26.73
PRO MUNDI BENEFICIO
1947
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Additional information

In 1967, Anguilla expelled the Saint Kitts police force and unilaterally broke from the newly formed Associated State of Saint Kitts-Nevis-Anguilla — one of the stranger acts of Caribbean self-determination in the postwar period. The provisional government needed currency immediately and had none, so they counterstamped whatever silver coinage was available. Panamanian Balboas, themselves struck on Morgan and Peace Dollar planchets to U.S. specifications, were a logical choice given the dimensional compatibility.

X#7.1 distinguishes this counterstamp variety within a small series issued under genuinely improvised conditions.

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