LatinKing2020: revised note

2023-07-15T18:44:39Z

revised note

LatinKing2020: Created page with "Stack's Bowers May 2023 Collector's Choice sale, lot 71427 thumb This specimen was lot 71427 in Stack'..."

2023-07-15T18:43:13Z

Created page with "300px|thumb|Stack's Bowers May 2023 Collector's Choice sale, lot 71427 300px|thumb This specimen was lot 71427 in Stack'..."

New page

[[Image:SB523-71427o.jpg|300px|thumb|Stack's Bowers May 2023 Collector's Choice sale, lot 71427]]
[[Image:SB523-71427r.jpg|300px|thumb]]

This specimen was lot 71427 in Stack's Bowers Collector's Choice sale (Costa Mesa, CA, May 2023), where it sold for $7,800. The catalog description<sup>[1]</sup> noted, "[[Panama|PANAMA]]. 2-1/2 Centavos, 1940. Philadelphia Mint. NGC MS-68. A beautiful example that is tied for the finest certified, this specimen delivers a glowing and gorgeous eye appeal, with much exciting charm throughout." 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 bronze 1¼ centesimos ([[Panama 1940 1-1/4 centesimos|KM 15]]). No further coinage was struck until 1947. We don't know why this example realized over two hundred times the catalog value.

''Recorded mintage:'' 1,200,000.

''Specification:'' copper-nickel, 18 mm diameter.

''Catalog reference:'' KM-16.

''[[Bibliography|Source:]]''
* 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.
* <sup>[1]</sup>Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, ''May 2023 World Collectors Choice Online Auction, Featuring the Richard Elliott Collection of Hooknecks,'' Costa Mesa, CA: Stack's Bowers Galleries, Inc., 2023.

''Link to:''
* [[Panama 1929 2-1/2 centesimos|1929 2½ centesimos]]
* [[Panama 1940 1-1/4 centesimos|1940 1¼ centesimos]]
* [[Panama 1947 1/10 balboa|1947 1/10 balboa]]
* [[Panama 1947 1/2 balboa|1947 half balboa]]
* [[Panama 1947 balboa|1947 balboa]]
* [[Coins and currency dated 1940]]

[[Category:Selections from the Stack's Bowers 2023 Collector's Choice sale]]

@@ Line 2: / Line 2: @@
 [[Image:SB523-71427r.jpg|300px|thumb]]
-This specimen was lot 71427 in Stack's Bowers Collector's Choice sale (Costa Mesa, CA, May 2023), where it sold for $7,800. The catalog description<sup>[1]</sup> noted, "[[Panama|PANAMA]]. 2-1/2 Centavos, 1940. Philadelphia Mint. NGC MS-68. A beautiful example that is tied for the finest certified, this specimen delivers a glowing and gorgeous eye appeal, with much exciting charm throughout."  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 bronze 1¼ centesimos ([[Panama 1940 1-1/4 centesimos|KM 15]]). No further coinage was struck until 1947. We don't know why this example realized over two hundred times the catalog value.
+This specimen was lot 71427 in Stack's Bowers Collector's Choice sale (Costa Mesa, CA, May 2023), where it sold for $7,800. The catalog description<sup>[1]</sup> noted, "[[Panama|PANAMA]]. 2-1/2 Centavos, 1940. Philadelphia Mint. NGC MS-68. A beautiful example that is tied for the finest certified, this specimen delivers a glowing and gorgeous eye appeal, with much exciting charm throughout."  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 was struck in only in 1940 along with a bronze 1¼ centesimos ([[Panama 1940 1-1/4 centesimos|KM 15]]). No further coinage was struck until 1947. We don't know why this example realized over two hundred times the catalog value.
 ''Recorded mintage:'' 1,200,000.

Panama 1940 2-1/2 centesimos - Revision history

LatinKing2020: revised note

LatinKing2020: Created page with "Stack's Bowers May 2023 Collector's Choice sale, lot 71427 thumb This specimen was lot 71427 in Stack'..."