Panama 1931 1/4 balboa

This specimen was lot 977 in Stack's Coin Galleries sale (New York, December 2009), where it sold for $201.25. The catalog description noted, "PANAMA. Republic. 1/4 Balboa, 1931. National arms. Rv. Armored bust. Satiny champagne surfaces. EF-45 (NGC)." This date is the key of the type struck 1930-47. It is not expensive in low grade but ascends rapidly in price with grade. It was struck in the United States using quarter dollar blanks.

Recorded mintage: 48,000.

Specification: 6.25 g, .900 fine silver, .180 troy oz ASW, 24.25 mm diameter, reeded edge.

Catalog reference: KM 11.1.

Source:

• Altz, Charles G., and E. H. Barton, Foreign Coins Struck at United States Mints, Racine, WI: Whitman Publishing, 1965.
• Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
• Robinson, Charles, The Coins of Central America, 1733-1965, San Benito, TX: 1965.

Link to:

• 1916 2½ centésimos
• 1931 1/10 balboa
• 1931 balboa
• 1932 5 centésimos
• 1932 ¼ balboa
• 1947 ½ balboa
• Coins and currency dated 1931
• return to coins of Panama