Panamanian 1 balboa coin

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The 1 balboa coin was first base issued by the National Bank of Panama in 1931 and was initially minted until 1947. [ 1 ] A alike publish was introduced from 1966 to 1974, and then again from 1983 to 1985. [ 2 ] [ 3 ] The obverse of the 1 balboa coin was changed in 1975, and the new mint was produced until 1982. [ 4 ] A newly general write out 1 balboa coin coin was issued in 2011. [ 5 ] commemorative coins of this denomination were minted in 1953, 1978, from 1982-1984, in 1988, and in 1999. [ 4 ]

history

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first gear issues

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The first panamanian 1 balboa coin was issued in 1931. It was composed of .900 finely silver, weighed 26.73 grams, and measured 38.1 millimeters in diameter. Its musical composition, size, and mass were intentionally made identical to those of the United States Peace dollar. A female name leaning on a simplified panamanian coat of arms holding a fasces in one hand and an oak branch in the other was depicted on the coin ‘s obverse. The state title of Panama ( inscribed as “ REPVBLICA DE PANAMA ” ) was separated by the number, and the year of mint was displayed underneath the depiction. To the correct of the female figure was a display of the coin ‘s flatware fineness ( as “ LEY. 0.900 ” ) and its mass ( as “ GR. 26.73 ” ). A portrayal of spanish conquistador and explorer, Vasco Núñez de Balboa flanked by two branches was displayed on the reverse, with the value ( as “ VN BALBOA ” ) inscribed above. panamanian artist Roberto Lewis designed the mint ‘s obverse, and American sculptor William Clark Noble designed the reverse. A total of 925,020 of these coins were produced, with the largest come ( 500,000 coins ) being produced in 1947, the final year of minting for the exit, and the lowest amount ( 200,020 coins ) being produced in 1931. Twenty of the coins minted in 1931 were proofs. [ 1 ]
In 1953, to commemorate the fiftieth anniversary of Panama ‘s independence, a limited consequence of panamanian coins was introduced, which included a commemorative 1 balboa coin. It had the lapp dimensions, mass, and musical composition as the original emergence. The design on the obverse was very similar to the one used on the previous coin ; however, the lean of the coat of arms was slenderly altered, the purpose of the female figure was simplified, and a smaller baptismal font was used for the textbook. A more detail visualize of Vasco Núñez de Balboa was used on the inverse of the commemorative mint. The legend around the circumference below Balboa read “ CINQUENTENARIO ” ( 500th Anniversary ), while the text above indicated the coin ‘s prize. Both groups of text were separated from each other by two branches on each side of the coin. A entire of 50,000 of the 1953 commemorative 1 balboa coins were produced. [ 6 ]
In 1966, a newfangled emergence of the 1 balboa coin was introduced. Its composition, size, and mass were identical to those of the previous coins. The coin ‘s obverse was about wholly changed. The female number leaning on the panamanian coat of arms was replaced by the broad arms of the area. Inscribed above the arms was the state title of Panama, and underneath it was the mint ‘s year of minting flanked by two branches. The mint ‘s silver fineness was displayed to the left of the coating of arms, and its mass was inscribed to the right. William Clark Noble ‘s design from the first issue of coins was reused for the second publish ‘s change by reversal, and was identical in appearance to those of the previous coins. A total of 471,081 of these coins were minted until 1974. All the coins of this emergence were proof, except for 300,000 coins minted in 1966. [ 2 ] A mint alike to the moment return was introduced in 1983. The diameter of the first two issues was retained, but the silver fineness was dropped to 0.50, which in turn lowered the mass to 20.74 grams. Some flimsy alterations were made to the coin ‘s obverse. It still displayed the panamanian coat of arms, but it had been slenderly reduced in size. besides, the font around the mint ‘s circumference was changed, the coin ‘s silver daintiness was displayed as “ LEY 0.500 ”, and its batch inscription was removed. The reverse, however, managed to retain the original portrait of Balboa and the respect. lone 3600 of these coins were produced until 1985, with the highest number ( 1602 coins ) being minted in 1983, and the lowest number ( 954 coins ) being produced in 1985. [ 3 ] Cupronickel practice coins were produced in 1986, but were never issued. [ 4 ]

second Balboa portrayal

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In 1975, the third general return 1 balboa coin was introduced. The first were struck in cupronickel clothed copper or .925 fine silver. In 1980, the silver coins ‘ eloquent content was reduced to being .500 very well. All measured 38.1 millimeters in diameter, but the masses varied as a consequence of the different compositions. The cupronickel clad copper coins weighed 22.68 grams, the initial .925 silver coins weighed 26.73 grams, and the .500 silver coins had masses of 20.74 grams. A little panamanian coat of arms was displayed on the obverse of each mint. The express title was inscribed above the arms, around the mint ‘s circumference, and the coin ‘s value was displayed below it, besides inscribed around the circumference. The silver content of the eloquent coins was displayed underneath the coat of arms. A left-facing portrayal of Vasco Núñez de Balboa was used on the coin ‘s inverse. His list was inscribed above the portrayal, and below it was the coin ‘s class of minting. twenty-two thousand erroneous cupronickel invest copper coins from 1975 to 1976 were minted with “ LEY .925 ” on their obverses underneath the panamanian coat of arms, and 11 coins of the same writing were struck in 1982 with “ LEY .500 ” in the same location. between 1975 and 1982, a sum of 31,206 cupronickel dress copper coins ( including errors ), 8570 .925 silver coins, and 7099 .500 silver coins were minted. [ 4 ] In 1978, in commemoration of the seventy-fifth anniversary of Panama ‘s independence, limited 1 balboa coins were struck in cupronickel clothe copper and .925 fine silver. Their masses and diameters were identical to those of the comparable 1 balboa coins circulating during the time. The words “ 75o ANIVERSARIO ” were inscribed above the coating of arms and underneath the state title on the mint ‘s obverse. Both coins ‘ obverses featured the design used on the third issue balboa coins. Four thousand were struck in cupronickel clothed copper, and 13,000 were struck in silver. [ 4 ]

Torrijos commemorative coin

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General Omar Torrijos, an authoritative panamanian governmental visualize, died in 1981 as a resultant role of a plane barge in near Penonomé, Panama. A year later, in 1982, a commemorative 1 balboa coin was minted in his honor. It was composed of cupronickel, weighed 22.4 grams, and measured 37.8 millimeters in diameter. The coin ‘s obverse was identical to those of the third base and fourth general issues of 1 balboa coins, featuring the panamanian coating of arms, the state of matter title of Panama, and the coin ‘s respect. A portrayal of General Torrijos was engraved on the overrule. His diagnose was inscribed around the mint ‘s circumference above the portrayal ( as “ GENERAL OMAR TORRIJOS H. ” ), and the year of mint was displayed under Torrijos ‘ portrait. A full of 600,250 of these commemorative coins were minted between 1982 and 1984. Two hundred fifty examples produced in 1982 were minted in proof choice and bore a “ frost ” luster. All these proof examples bore a frost obverse, but a majority ( 200 pieces ) besides bore a frost turn back. [ 7 ]

1988 commemorative coins

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The National Bank of Panama issued ten-spot unlike medallic commemorative 1 balboa coins in 1988. These coins were subsequently declared illegal by the panamanian Minister of Finance because their exit was unauthorized, and they became marketed in Germany. Four were minted to commemorate the 1988 Winter Olympics in Calgary, Canada, another four commemorated the 1988 Summer Olympics in Seoul, South Korea. Martin Luther King, Jr. was featured on one mint, and another expose U.S. President John F. Kennedy. Each coin was struck in cupronickel or saturated silver. The cupronickel coins weighed about 14.3 grams, while the silver pieces weighed 15 grams. typically, 70,000 examples of each coin were produced, with 50,000 strike in cupronickel and 20,000 in silver. even though the reverse of each 1988 commemorative balboa coin varied, the obverse was consistent. Like many of its predecessors, the panamanian coating of arms was engraved in the center of the mint ‘s obverse, with the department of state deed inscribed above around the circumference. The coin ‘s measure ( as “ 1.00 VN BALBOA ” ) was displayed underneath the arms. [ 4 ]

1999 commemorative coin

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In 1999, to commemorate the backsliding of the Panama Canal, a extra 1 balboa coin was minted. It was composed of cupronickel clad copper, weighed 22.68 grams, and measured 38.1 millimeters in diameter. The coin bore a reeded edge. Then- President Mireya Moscoso was featured on the coin ‘s obverse, flanked by the dates of her presidency ( 1999 to 2004 ). To the leftover of the portrayal was the coin ‘s value, and to the proper was an inscription denoting the mint ‘s multitude. Moscoso ‘s name was inscribed above her around the circumference, and underneath the portrayal was a legend read “ PRESIDENTA DE PANAMA ”, besides around the circumference. In the center of the coin ‘s invert, an visualize of a embark moving down the Panama Canal was displayed, with a panamanian iris in the foreground above a cosmetic ribbon bearing the department of state claim. To the right of the persona was a caption read “ AÑO 1999 ”, denoting the coin ‘s year of mint. “ REVERSION DEL CANAL DE PANAMA ” was inscribed above the image around the mint ‘s circumference, and “ JUNTOS HACIA EL NUEVO MILENIO ” ( “ together into the new millennium ” ) was written below. A total of 350,000 1999 commemorative coins were issued. Two thousand of these examples were minted in proof quality. [ 8 ]

2011 issue

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The National Bank of Panama introduced its most late general issue 1 balboa mint in 2011. It is bimetallistic, consisting of an extinct ring composed of nickel and steel, and a center of nickel, brass, and steel. The mint weighs 7.2 grams, measures 26.5 millimeters in diameter and 2 millimeters in thickness. An image of Vasco Núñez de Balboa was engraved in the nickel-brass-steel center of the coin ‘s obverse. Above the portrait, Balboa ‘s name was inscribed in the coin ‘s out ring, and the year of mint was displayed below the effigy, besides in the outer ring. The panamanian arms were displayed in the kernel of the coin ‘s reverse. The state of matter championship of Panama was inscribed in the ring above the arms, and the coin ‘s value was written underneath the arms, besides in the hoop. [ 5 ]

See besides

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  • Palo Seco 1 dollar coin
  • United States 1 dollar coin

References

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reservoir : https://ontopwiki.com
Category : Finance

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