The value of a Balboa coin can vary significantly based on several factors, including:
- Denomination: Panama has minted Balboa coins in various denominations, ranging from centésimos to higher Balboa values.
- Year of minting: Coins from earlier years or with specific historical significance may be more valuable. For instance, [eBay notes] that a 1934 Panama 1/10 Balboa is a “key date” silver coin.
- Metal composition: Some Balboa coins are made of silver, while others are base metal. Silver coins will have an intrinsic value based on their metal content, in addition to any numismatic value. For example, the 1962 Panama Silver 1/2 Balboa is described as a silver coin.
- Rarity/Mintage numbers: Coins with lower mintage numbers are generally rarer and thus more valuable. The 1934 Panama Balboa Large Silver Coin had a mintage of only 225,000. A Panama 1980 5 Balboa is considered a rare specimen due to its low mintage of 1,000.
- Condition/Grade: The physical condition of the coin plays a critical role in determining its value. Coins are professionally graded on a scale of 1 (Poor) to 70 (Mint State), with higher grades fetching higher prices. A 1933 1/4 Balboa in circulated condition was recently listed at 9 USD.
- Balboa 1933 1/4: [According to eBay] the recommended product is Balboa 1933 1/4, a circulated silver coin from Panama with a fineness of 0.9, which typically costs around 9 USD.
- Balboa BU Women’s Panama Silver 1/2: [Walmart lists] a Balboa BU Women’s Panama Silver 1/2 at around 41.23 USD.
- Balboa 1966 Panama: [Etsy lists] a 1966 Panama silver Balboa at around 59 USD.
- 1934 Panama Balboa Large Silver Coin: [On eBay] this coin is listed at 488 USD, with a mintage of 225,000.
- Panama 1980 5 Balboa: This rare specimen with a low mintage of 1,000 struck is listed at 350 USD.
- 1934 Panama 1/10 Balboa: [On eBay] this silver coin with a mintage of 75,000 is listed at 18 USD.
- Panama Silver 20 Balboa Coins: Various years and grades of these coins have different prices, with Uncirculated or Proof grades generally being more valuable.
Note: The value of Balboa coins can fluctuate over time based on market demand and other factors. It’s recommended to consult a professional coin dealer or appraisal service for an accurate valuation of a specific coin.
How much silver is in a balboa coin?
Good point! 925 fineness sterling silver 20 balboa coin honoring Simón Bolívar was introduced in 1971, it was the largest legal tender silver coin in the world, containing 3.85 ozt silver and having a 61 mm diameter.
Where is the balboa currency?
The Panamanian balboa (PAB) is the national currency of the Republic of Panama, which circulates alongside the U.S. dollar (USD), to which the PAB is pegged at par (1:1).