Panama 1929 5 centesimos
The year 1904 inaugurated coinage for the newly independent Panamanian republic. In the original system, one balboa = 2 U.S. dollars, and 2½, 5, 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 specimen was lot 1646 in Sedwick Treasure Auction 21 (Winter Park, FL, May 2017), where it sold for $117.50. The catalog description[1] noted, "Panama (struck at the Philadelphia mint), copper-nickel 5 centesimos, 1929, encapsulated NGC MS 64, ex-Richard Stuart (stated inside slab). Light golden toning over luster, two light bagmarks only, tied with five others for finest known in NGC census. NGC #4427875-003. Pedigreed to the Richard Stuart collection." This type was struck 1929 and 1932 only on United States five cent blanks. Both dates are scarce.
Recorded mintage: 500,000.
Specification: copper-nickel, 21.2 mm diameter.
Catalog reference: KM-9.
- [1]Sedwick, Daniel F., Augi Garcia and Cori Sedwick Downing, Treasure Auction #21, featuring Selections from the Richard Stuart Collection, Winter Park, FL: Daniel Frank Sedwick, LLC, 2017.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
Link to:
- 1929 2½ centésimos
- 1932 5 centésimos
- Coins and currency dated 1929
- return to coins of Panama