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50 Centésimos Obverse Trial

Issuer Panama
Year 1904
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Value 50 Centesimos (50 centésimos) (0.50 PAB)
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Obverse description Armored bust of Vasco Núñez de Balboa facing left, depicted in three-quarter relief within a recessed circular field. The conquistador wears articulated plate armor with a scaled gorget and is shown with a full beard and curled hair. The effigy is rendered in a high-relief sculptural style characteristic of early trial strikes, with radial die-finishing lines visible in the surrounding field. No legend or inscription appears on this obverse trial piece.
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Reverse description Completely blank reverse with a plain, unworked field, consistent with an obverse-only trial striking used to evaluate the die design. The surface shows heavy oxidation and patination across the entire face, with no devices, legends, or inscriptions present.
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Mintage 1904: ND (1904)
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