Panama 1916 2 1/2 centesimos
The year 1904 inaugurated coinage for the newly independent Panamanian republic. In the original system, one balboa = 2 U.S. dollars, and 2½, five, 25 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. Unfortunately, collecting Panamanian coins lost its popularity after the Franklin mint overissued proof sets and commemoratives in the 1970's and 1980's. For years, few Panamanian coins sold for more than melt. This type, similar in size to a United States nickel, superseded the "Panama pill".
Recorded mintage: 800,000.
Specification: copper-nickel.
Catalog reference: KM 7.2.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
Links to:
- 1904 2½ centésimos
- 1907 2½ centésimos
- Palo Seco (1919) cent leper colony
- 1918 2½ centesimos
- Coins and currency dated 1916
- return to coins of Panama