Afternoon everyone ….
This coin is in my box of sending to be graded. I’m looking for some input on it. The coin is a 1904 Balboa from Panama. It’s the first year of the coin and any coin in AU or Mint State graded are selling for big bucks.
In AU55 sold auctions of $255-$290, in MS63 sold for $530.
Here’s some info from Numista:
Features
Issuer Panama
Period Republic (1903-date)
Type Standard circulation coin
Years 1904-1905
Value 50 Centésimos (0.50 PAB)
Currency Balboa (1904-date)
Composition Silver (.900) (Copper .100)
Weight 25 g
Diameter 37 mm
Thickness 2.7 mm
Shape Round
Technique Milled
Orientation Coin alignment ↑↓
Demonetized 31 August 1930
Number N# 14339 Help
References KM# 5
Series: 1904 series
Obverse
Bust of Vasco Núñez de Balboa facing left surrounded by legend.
Script: Latin
Lettering:
REPUBLICA DE PANAMA
DIOS LEY LIBERTAD
BALBOA
1904
Translation:
Republic of Panama
God Law Freedom
Reverse
Coat of Arms with seven stars above. Value in letters and silver content around.
Script: Latin
Lettering:
CINCUENTA CENTESIMOS DE BALBOA
⋆⋆⋆⋆⋆⋆⋆
PRO MUNDI BENEFICIO
G.25. LEY 0.900
Translation:
Fifty Centesimos of a Balboa
For the Benefit of the World
25 Grams 0.900 Fine
Edge
Reeded
Mint
United States Mint, Philadelphia, United States (1792-date)