1983FM Pattern Panama 1/4 Balboa Proof with "Ley 0.500"

Discussion in 'World Coins' started by 7Jags, Apr 12, 2021.

  1. 7Jags

    7Jags Well-Known Member

    Some time ago I posted a fuzzy picture of this coin on these boards. I would like some help if anyone can manage, and that is how this coin came to be. It is a proof 1983FM 1/4 Balboa with the "Ley 0.500" reverse designation, and so far unique.

    Unlike the other mule Panama fineness "error" coins of 1975, 1976 and 1982 this coin is unique that it is not a mule and in that is evidently the only one known or ever reported. It is copper-nickel and has the fineness as an integral part of the reverse design, and NEVER did the Franklin Mint (FM) strike 1/4 Balboas in silver nor are there any other dates, or indeed ANY other specimens of this date struck in any metal with this designation. Therefore it appears to be a pattern.

    NGC designates the other mule issues of 1975 and 1976 uncirculated "Ley 0.925" coins in its Population census. So does it with the 1982 proof 5B coins with the "Ley 0.925" that were actually struck in 0.500 silver. It also does with the currency 1982 1B and 5B uncirculated coins with the "Ley 0.500" but were struck in copper-nickel.

    This coin does not receive its own designation in the census and is put in the census with the regular 1983FM proof 1/4 B coins.

    In fact it must be a pattern, and appears to be quite rare and not otherwise reported in ANY source. I can only speculate that it was struck in the anticipation of a possible Franklin Mint 1983 commemorative 0.500 silver set to be struck on the 80th Anniversary of the country of Panama. Does anyone know anything else?

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  3. potty dollar 1878

    potty dollar 1878 Well-Known Member

    Did someone say Balboa:):) 20210412_190322.jpg 20210412_190329.jpg
  4. 7Jags

    7Jags Well-Known Member

    LOL. Yes, I am a fan...
  5. Razz

    Razz Critical Thinker

    I am a fan as well since I picked up my 1966 Proof set struck at the US Mint. Krause does say the 1983, 84 and 85 FM strikes were unauthorized so could be a pattern or trial strike. Krause has ND - 1983 FM as a trial strike in Cupro nickel clad copper with a mintage of 700 pieces for the 1/4 balboa. DSCN1681_1~2.JPG DSCN1682~2.JPG DSCN1681~2.JPG DSCN1682_1~2.JPG
  6. 7Jags

    7Jags Well-Known Member

    Yes, I did see that bit. Some of the references in Krause are hard to decode but no records of this particular coin have shown.
    Nice Balboa coins there for sure...
  7. 7Jags

    7Jags Well-Known Member

    BTW, I posted an informational on the 1975-1983 Panama mules and pattern on the PC-- site for those interested with about as complete information as there is anywhere to my knowledge.
  8. Razz

    Razz Critical Thinker

    Thanks. Another close up. I should probably cut it out of the package but seems fine where it is for now... DSCN1035~3.JPG DSCN1038~3.JPG
  9. PamR

    PamR Active Member

    I just found this one yesterday in my foreign coins.
    Last edited: Apr 20, 2021
  10. 7Jags

    7Jags Well-Known Member

    Maybe it's me, what did you find?
  11. PamR

    PamR Active Member


    Attached Files:

  12. PamR

    PamR Active Member

    Did not realize it did not post.
  13. 7Jags

    7Jags Well-Known Member

    Yes, design lovely. And I think you have the obverse properly oriented as these conquistadors were supposedly looking up to God for inspiration (YIKES!).
    PamR likes this.
  14. Mister T

    Mister T Member

    Once again I am sad that there is no decent reference book on Franklin Mint coins.

    Nice find anyway - I am only interested in their Cook Islands and Solomon Islands stuff and as far as I know there is nothing as interesting as this in those series.
    PamR likes this.
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