Panama, 1 Balboa 1988

mc03-0103_f_600x600
mc03-0103_f_600x600mc03-0103_b_600x600
50,00 €

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CATALOG INFORMATION
ID Number: MC03-0103
Category: Commemorative Coins
Description: Panama, 1 Balboa 1988
Country or State: Panama
Year: 1988 (Commemorative)
Period:  
Head of State/Ruler:  
Reign:  
Currency:  
Face Value: 1 Balboa
Subject/Theme:  
Obverse: Ski jumper, Olimpic rings
Obverse Legend: · XV JUEGOS OLIMPICOS DE INVIERNO · CALGARI 1988 ·
Obverse Designer:  
Reverse: National coat of arms surrounded by denomination
Reverse Legend: · REPUBLICA DE PANAMA · 1.00 VN BALBOA ·
Reverse Designer:  
Edge: Reeded
Note:  
Mint Mark:  
Composition: Silver (Ag) 100%
Diameter: 32.00 mm
Thickness:  
Weight: 15.00 grams (0.4822 oz.)
Mintage: 20,000 estimated
Krause & Mishler Number: X# M1a
Other Catalog Number:  
State of Conservation: Proof (Prf)
Rarity:  
   

CATALOG VALUE
Proof (Prf) € 50.00
Brilliant Uncirculated (BU) € -
Mint State/Mint Condition (MS) € -
Uncirculated (Unc) € -
Extremely Fine (XF) € -
Very Fine (VF) € -
Fine (F) € -
Very Good (VG) € -
Good (G) € -
   

HISTORICAL NOTES

1988 commemorative coins

The National Bank of Panama issued ten different medallic commemorative 1 balboa coins in 1988. These coins were subsequently declared illegal by the Panamanian Minister of Finance because their issue was unauthorized, and they became marketed in Germany. Four were minted to commemorate the 1988 Winter Olympics in Calgary, Canada, another four commemorated the 1988 Summer Olympics in Seoul, South Korea. Martin Luther King, Jr. was featured on one coin, and another displayed U.S. President John F. Kennedy. Each coin was struck in cupronickel or pure silver. The cupronickel coins weighed about 14.3 grams, while the silver pieces weighed 15 grams. Typically, 70,000 examples of each coin were produced, with 50,000 struck in cupronickel and 20,000 in silver. Even though the reverse of each 1988 commemorative balboa coin varied, the obverse was uniform. Like many of its predecessors, the Panamanian coat of arms was engraved in the center of the coin's obverse, with the state title inscribed above around the circumference. The coin's value (as "1.00 VN BALBOA") was displayed underneath the arms.