The value of a Panamanian coin can vary greatly depending on several factors, including:
- Denomination: Lower denomination coins (like centesimos) might have lower base values than higher denominations (balboas).
- Year of issue and mintage: Older or rarer coins (those with lower mintage figures) can be more valuable.
- Condition or Grade: Coins in better condition (higher grade) will generally command higher prices. The Sheldon Scale is often used for grading.
- Errors or varieties: Coins with minting errors or unique varieties can be particularly valuable to collectors.
- Precious Metal Content: If the coin contains silver or gold, its metal value will play a significant role in its overall worth. For example, Greysheet provides current prices for gold and silver, which can influence the value of Panamanian coins made with those metals.
- Rarity: The rarity of a coin, often determined by the VAM Rarity Scale, can greatly impact its value.
- A 1967 Panama 5 Centesimos De Balboa coin , made of Copper Nickel, is available for $6.15 USD on Mercari.
- A 1986 Panama 1 Centesimo Error coin is listed on eBay for $200 USD.
- A 1970 Panama 5 Centimos De Balboa Coin is listed on Etsy for $13 USD.
- A circulated 1904 Panama 2 1/2 Centesimos coin with rim damage is selling for $39.99 USD on eBay.
- An uncirculated 1947 Panama Balboa coin (MS-66 grade) has an estimated value of $150-$300.
For a professional evaluation of your Panama coins, you can consult with coin dealers or appraisers. Some options include:
- Coin & Bullion Reserves (Panama City, FL)
- NumismA (Panama City, Panama)
- PGS Gold And Coin (specializing in foreign coins)
It is important to note that coin values can fluctuate based on market demand and current prices of precious metals. Online marketplaces like eBay and VCoins can provide an idea of current asking prices.
Is a 1966 Panama coin silver?
Thanks for asking. In 1966, Panama followed the U.S. in changing the composition of their silver coins, with copper-nickel-clad 1⁄10 and 1⁄4 balboa, and . 400 fineness 1⁄2 balboa. One-balboa coins, at . 900 fineness silver, were issued that year for the first time since 1947.
Can you use Panama coins in the US?
From my experience, Both Panamanian coins and U.S. coins and dollars can be used in the country, though Panamanian coins generally cannot be used abroad.