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20 Balboas Justo Arosemena

Issuer Panama
Year 2017-2018
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Currency Balboa (1904-date)
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Reverse description A colorized forward-facing bust of Justo Arosemena, the distinguished 19th-century Panamanian jurist and statesman, is depicted in the central field, rendered with fine detail including his characteristic moustache and period formal attire with a dark jacket. The commemorative legend JUSTO AROSEMENA BICENTENARIO DE SU NATALICIO curves along the upper and lateral periphery, with the birth and commemoration dates 1817-2017 inscribed to the right. The denomination VEINTE BALBOAS is boldly lettered along the lower border in raised relief against the mirror-polished proof field.
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Edge Reeded
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Additional information

Justo Arosemena was the 19th-century Panamanian jurist and political theorist who, in 1855, drafted the federal state constitution that gave Panama its first period of genuine autonomous governance within the Granadan Confederation. His argument that Panama's geographic position demanded a distinct political status was prescient in ways he did not live to see.

The .9999 fineness places this outside typical sovereign coinage tolerances — a detail that signals collector-market intent from the outset.

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