Coins issued by the Republic of Panama are denominated in balboas and centésimos . One balboa is equivalent to one US dollar, and US dollar bills are also legal tender in Panama, [according to Wikipedia].
Here’s a breakdown of some key aspects of Panamanian coins:
- Denominations: Standard denominations include 1, 5, 10, 25, and 50 centésimos, as well as 1 and 2 Balboas. Commemorative coins have also been issued in various higher denominations.
- Composition and Size: Many modern Panamanian coins have the same weight, dimensions, and composition as their US counterparts.
- Historical Significance and Design: Designs often feature historical figures like Vasco Núñez de Balboa and the Panamanian coat of arms.
- Notable Coins: The tiny 2½ centésimos coin introduced in 1904 was nicknamed the “Panama Pill”. The 20 balboa silver coin from 1971, honoring Simón Bolívar, was a notable large coin.
- Collectibles: Many Panamanian coins, particularly older and commemorative issues, are popular among collectors. Examples of collectible coins and their potential values can be found in the referenced documents.
Republic of Panama coins are a unique part of the country’s monetary system, circulating alongside the US dollar and featuring both practical and collectible value.
What is a republica de Panama coin?
From my experience, The balboa (sign: B/.; ISO 4217: PAB) is, along with the United States dollar, one of the official currencies of Panama. It is named in honor of the Spanish explorer and conquistador Vasco Núñez de Balboa. The balboa is subdivided into 100 centésimos.
Can you use Panama coins in the US?
I can help with that. Both Panamanian coins and U.S. coins and dollars can be used in the country, though Panamanian coins generally cannot be used abroad.