Panama 1940 1-1/4 centesimos
This specimen was lot 8057 in Stack's Bowers NYINC sale (New York, January 2022), where it sold for $168. The catalog description[1] noted, "PANAMA. 1-1/4 Centesimos, 1940. PCGS MS-66 Red. An attractive, fully lustrous Gem with blazing mint red surfaces. From the Hobart Collection." 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, 25 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. This type, the only issue of this denomination, was struck in 1940 along with a copper-nickel 2½ centesimos (KM 16). No further coinage was struck until 1947.
Recorded mintage: 1,600,000.
Specification: 3.10 g, bronze, 20 mm diameter.
Catalog reference: KM-15.
- Altz, Charles G., and E. H. Barton, Foreign Coins Struck at United States Mints, Racine, WI: Whitman Publishing, 1965.
- Harris, Robert P., A Guide Book of Modern Latin American Coins, Racine, WI: Whitman Publishiing Co., 1966.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
- Raymond, Wayte, The Coins of Central America, Silver and Copper, 1824-1940, New York: Wayte Raymond Inc., 1941.
- Robinson, Charles, The Coins of Central America, 1733-1965, San Benito, TX: 1965.
- Stickney, Brian, A Monetary History of Central America, New York: American Numismatic Society, 2017.
- [1]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, The 2022 NYINC Sale: World and Ancient Coins, featuring the Mark and Lottie Salton Collection and the Pat Johnson Collection, Costa Mesa, CA: Stack's Bowers LLC, 2021.
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