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1 Balboa Republic

Issuer Panama
Year 1953
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Composition Silver (.900) (Copper .100)
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Obverse description A full-length figure of Liberty stands facing, draped and helmeted, holding a fasces in her proper left arm and an oak branch in her extended right arm, with the branch resting upon the Panamanian national shield at her side. The legend REPUBLICA DE PANAMA arcs across the upper field, while the fineness LEY 0.900 and weight GR.26.73 appear along the right periphery. The national motto PRO MUNDI BENEFICIO is inscribed below the shield, and the date 1953 appears in the lower exergue.
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Reverse description An armoured bust of Vasco Núñez de Balboa faces left, rendered in high relief with detailed period armour including a gorget and pauldron. The denomination UN BALBOA arcs across the upper field, while the commemorative legend CINCUENTENARIO curves along the lower periphery, marking the fiftieth anniversary of the Republic of Panama. A laurel wreath appears below the bust, framing the lower field.
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Mintage 1953 - - 50,000
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