jeremie123
9h ago
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COINS
Panama 1/4 Balboa Coin
Key Facts & Value
Key Fact
Description
This is a Panamanian Cuarto de Balboa coin, a quarter unit of the Panamanian Balboa. The obverse features a profile bust of the Spanish conquistador Vasco Núñez de Balboa, adorned with laurels. The coin is struck from a copper-nickel composition and has a reeded edge. The reverse typically displays the national coat of arms, symbolizing Panama's sovereignty. Its relatively small size and common mintage make it an accessible piece for collectors.
History
Vasco Núñez de Balboa was a Spanish explorer, governor, and the first European to lead an expedition to see the eastern shore of the Pacific Ocean in 1513. His discovery significantly impacted the Age of Exploration. The Panamanian Balboa was established as the national currency in 1904, pegged at par with the U.S. dollar, and often features historical figures and symbols of national importance on its coinage.
Facts
The Balboa is one of the few currencies in the world that is entirely backed by U.S. dollars, and Panama uses U.S. currency alongside its own. The design of Vasco Núñez de Balboa on the coinage is a direct homage to his pioneering role in Panamanian history and the country's strategic location. These coins are commonly found in circulation and are a tangible link to Panama's colonial past and modern identity.
Value Fact
Panamanian Cuarto de Balboa coins, especially those from the late 20th century, are generally available at a low market value, often a few dollars above face value for circulated examples. Uncirculated or proof versions from specific years might command slightly higher prices. Demand is steady among collectors of Latin American coinage and those interested in world currency.
Item Details
Official Details
Variation Details
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