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500 Balboas National eagle
| Issuer | Panama |
|---|---|
| Year | 1984 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
| Weight | 37.12 g |
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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 500/1000 ORO FINO · 500 BALBOAS · (Translation: Republic of Panama For the Benefit of the World 500/1000 Fine Gold) |
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| Mint | FM Franklin Mint (The Franklin Mint), Wawa, Pennsylvania, United States (1964-date) |
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| Additional information |
Panama's gold coinage has historically been tied to the balboa's longstanding parity with the US dollar — a fixed rate maintained since 1904 that removed any need for a domestic monetary policy. By 1984, that arrangement meant large commemorative gold issues like this one were primarily export products, sold to collectors abroad rather than circulated domestically. Panama has never operated a central bank with note-issuing authority; US currency fills that function entirely.
The .500 fineness is notably low for a premium gold issue of this period, when most sovereign commemoratives used .900 or .9999. It places this coin closer to jewelry-grade alloy than investment bullion.