The value of a “Republica de Panama” coin, or Panamanian coin, depends on several factors, including:
- Denomination and year of issue: The value can vary greatly depending on the specific denomination (e.g., centésimos, balboa) and the year it was minted.
- Composition: Coins made of precious metals like silver (especially older issues) tend to be more valuable than those made of copper, nickel, or other base metals.
- Condition: A coin in excellent condition (“uncirculated” or “mint state”) will generally be worth more than a circulated or damaged one.
- Rarity: Coins with lower mintages (the number of coins produced) or those that are difficult to find in good condition can command higher prices.
- Market demand: The current demand from collectors and investors can also influence a coin’s value.
For example:
- A 1967 Republica De Panama 5 Centesimos De Balboa , made of copper nickel, may be worth around $6.15 USD.
- A 1947 Republica De Panama Balboa Silver Centesimos Coin could be worth around $22.72 USD.
- A 1975 Republica De Panama Vn Cvarto De Balboa , if rare, could be priced around $23 USD.
- A 1996 Centesimo De Balboa Republica De Panama Coin might be valued at approximately $5.99 USD.
Note that these are just a few examples, and the actual value can vary based on the factors mentioned above.
To determine the precise value of a specific Panamanian coin, it’s recommended to consult:
- Professional Coin Dealers: Coin dealers specializing in world coins, especially those experienced with Panamanian currency, can provide accurate appraisals and offer fair market value for your coins.
- Online Auction Sites: Sites like eBay can provide a general idea of market value based on recent sales of similar coins.
- Numismatic Resources: Specialized price guides like the Greysheet for Panamanian coins offer detailed information on various issues and their market values.
In conclusion, the value of a Republica de Panama coin is not a fixed amount but rather depends on various factors, making it important to research the specific coin in question or seek expert advice for accurate valuation.
What is a republica de Panama coin?
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?
Both Panamanian coins and U.S. coins and dollars can be used in the country, though Panamanian coins generally cannot be used abroad.