Panama 1904 25 centesimos
This specimen was lot 1987 in Classical Numismatic Group's auction of the Richard Lissner collection (Chicago, August 2014), where it sold for $108.90. The catalog description[1] noted, "PANAMA, Republic. 1903-pres. AR 25 Centesimos. Philadelphia mint. Dated 1904. In NGC encapsulation graded MS 63. Moderate toning overall. Nice strike. Only one graded higher." The year 1904 inaugurated coinage for the newly independent Panamanian republic. In the original system, one balboa = 2 U.S. dollars, and 2½ centesimos, 5 centesimos, 10 centesimos and 50 centesimos were struck to this standard 1904-16. In 1930, the system was reorganized and one balboa = one dollar and all new types issued. The United States mint struck coins for Panama using U. S. blanks.
Recorded mintage: 16,000,000 plus 12 proofs.
Specification: 12.5 g, 0.900 fine silver, 30 mm diameter, .361 troy oz ASW, this specimen Ø30 mm, 12.50 g, 6h axis.
Catalog reference: KM 4; Y 8.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
- [1]Teller, M. Louis, and Victor England, Jr., The Richard Lissner Collection, Lancaster, PA: Classical Numismatic Group, 2014.
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