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<p>[QUOTE="Clinker, post: 275074, member: 6229"]You probably know the United States was instrumental in Panama becoming an independent republic in 1903 when it successfully seceeded from Columbia. Up to 1904, as part of Columbia, the Columbian Peso and its centesimo counterparts were the circulating business coinage.</p><p> </p><p>Before we get into the coins of Panama, I have a surprise for you.</p><p>In 1868 it was apparent to the governing faction of Panama that a shortfall of currency was going to be a factor in 1869 and that eventuality needed solving. Since Columbian authorities weren't going to act upon the problem, the faction decided to do something about it themselves.</p><p> </p><p>They decided to issue One Peso banknotes in 1869:</p><p> </p><p>Here's links, courtesy of Bank Note World, showing the obverse and reverse of these 1869 One Peso Notes:</p><p> </p><p><a href="http://www.banknoteworld.com/banknotes/panama/PanamaPS721(colombia)-1Peso-1869-donated_f.jpg" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.banknoteworld.com/banknotes/panama/PanamaPS721(colombia)-1Peso-1869-donated_f.jpg" rel="nofollow">http://www.banknoteworld.com/banknotes/panama/PanamaPS721(colombia)-1Peso-1869-donated_f.jpg</a></p><p> </p><p><a href="http://www.banknoteworld.com/banknotes/panama/PanamaPS721(colombia)-1Peso-1869-donated_b.jpg" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.banknoteworld.com/banknotes/panama/PanamaPS721(colombia)-1Peso-1869-donated_b.jpg" rel="nofollow">http://www.banknoteworld.com/banknotes/panama/PanamaPS721(colombia)-1Peso-1869-donated_b.jpg</a></p><p> </p><p>Now I'm going to reveal another not-so-well-known bit of trivia:</p><p> </p><p>In 1941 Panama issued banknotes in denominations of 1, 5, 10 and 20 Balboas. Before giving you the links to the images, there is a fascinating (to me) fact you may enjoy knowing. The notes were issued, but recalled 7 days later, and are now referred to as the "Seven Day Dollars." No other paper currency was ever issued by Panama.</p><p> </p><p>Here's the links:</p><p> </p><p>First the One Balboa<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" />bverse: </p><p> </p><p><a href="http://www.banknoteworld.com/banknotes/PANAMA/PanamaP22-1Balboa-1941_f-donated.jpg" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.banknoteworld.com/banknotes/PANAMA/PanamaP22-1Balboa-1941_f-donated.jpg" rel="nofollow">http://www.banknoteworld.com/banknotes/PANAMA/PanamaP22-1Balboa-1941_f-donated.jpg</a></p><p> </p><p>Now the reverse: </p><p> </p><p><a href="http://www.banknoteworld.com/banknotes/PANAMA/PanamaP22-1Balboa-1941_b-donated.jpg" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.banknoteworld.com/banknotes/PANAMA/PanamaP22-1Balboa-1941_b-donated.jpg" rel="nofollow">http://www.banknoteworld.com/banknotes/PANAMA/PanamaP22-1Balboa-1941_b-donated.jpg</a></p><p> </p><p> </p><p>Here's the Five obverse:</p><p> </p><p><a href="http://www.banknoteworld.com/banknotes/panama/PanamaP23-5Balboas-1941-donatedLynKnight_f.jpg" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.banknoteworld.com/banknotes/panama/PanamaP23-5Balboas-1941-donatedLynKnight_f.jpg" rel="nofollow">http://www.banknoteworld.com/banknotes/panama/PanamaP23-5Balboas-1941-donatedLynKnight_f.jpg</a></p><p> </p><p> </p><p>Now the reverse: </p><p> </p><p><a href="http://www.banknoteworld.com/banknotes/panama/PanamaP23-5Balboas-1941-donatedLynKnight_b.jpg" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.banknoteworld.com/banknotes/panama/PanamaP23-5Balboas-1941-donatedLynKnight_b.jpg" rel="nofollow">http://www.banknoteworld.com/banknotes/panama/PanamaP23-5Balboas-1941-donatedLynKnight_b.jpg</a></p><p> </p><p>Here's the Ten obverse:</p><p> </p><p><a href="http://www.banknoteworld.com/banknotes/panama/PanamaP24-10Balboas-1941-donatedLynKnight_f.jpg" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.banknoteworld.com/banknotes/panama/PanamaP24-10Balboas-1941-donatedLynKnight_f.jpg" rel="nofollow">http://www.banknoteworld.com/banknotes/panama/PanamaP24-10Balboas-1941-donatedLynKnight_f.jpg</a></p><p> </p><p>Now the reverse:</p><p> </p><p><a href="http://www.banknoteworld.com/banknotes/panama/PanamaP24-10Balboas-1941-donatedLynKnight_b.jpg" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.banknoteworld.com/banknotes/panama/PanamaP24-10Balboas-1941-donatedLynKnight_b.jpg" rel="nofollow">http://www.banknoteworld.com/banknotes/panama/PanamaP24-10Balboas-1941-donatedLynKnight_b.jpg</a></p><p> </p><p>And here's the 20 obverse: <a href="http://www.banknoteworld.com/banknotes/panama/PanamaP25-20Balboas-1941-donatedLynKnight_f.jpg" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.banknoteworld.com/banknotes/panama/PanamaP25-20Balboas-1941-donatedLynKnight_f.jpg" rel="nofollow">http://www.banknoteworld.com/banknotes/panama/PanamaP25-20Balboas-1941-donatedLynKnight_f.jpg</a></p><p> </p><p>And finally the reverse: </p><p> </p><p><a href="http://www.banknoteworld.com/banknotes/panama/PanamaP25-20Balboas-1941-donatedLynKnight_b.jpg" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.banknoteworld.com/banknotes/panama/PanamaP25-20Balboas-1941-donatedLynKnight_b.jpg" rel="nofollow">http://www.banknoteworld.com/banknotes/panama/PanamaP25-20Balboas-1941-donatedLynKnight_b.jpg</a></p><p> </p><p>I hope you enjoyed learning that.</p><p> </p><p>If you traveled to Panama and stopped someone on the street and asked him or her to show you the change in their pocket or purse, would you be surprised to see a few Panamanian coins mixed in with some United States coins?</p><p> </p><p>Or would you be surprised to learn all the bills in their billfolds and purses were United States Federal Reserve Notes?</p><p> </p><p>If you ever visit Panama, you will not have to exchange your American coins and Federal Reserve Notes for Panamanian currency because American money is legal tender in Panama and is interchangeable one to one</p><p>Always was since 1905.</p><p> </p><p>As we get into the first coinage of the new Republic you will notice it is dated 1904, but historians will quickly let you know it was not issued into circulation until 1905.</p><p> </p><p>The first coins were silver coins dated 1904 and include the <font face="Times New Roman">2½, 5, 10, 25 and 50 centésimos. </font></p><p> </p><p><font face="Times New Roman">Here's images courtesy of Don's World Coin Gallery;</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img13/138-1&desc=Panama%20km1%202.5%20Centesimos%20(1904)%20Panama%20Pill" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img13/138-1&desc=Panama%20km1%202.5%20Centesimos%20(1904)%20Panama%20Pill" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img13/138-1&desc=Panama%20km1%202.5%20Centesimos%20(1904)%20Panama%20Pill</a></font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img3/138-2&desc=Panama%20km2%205%20Centesimos%20(1904,1916" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img3/138-2&desc=Panama%20km2%205%20Centesimos%20(1904,1916" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img3/138-2&desc=Panama km2 5 Centesimos (1904,1916</a>)</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img3/138-3&desc=Panama%20km3%2010%20Centesimos%20(1904" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img3/138-3&desc=Panama%20km3%2010%20Centesimos%20(1904" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img3/138-3&desc=Panama km3 10 Centesimos (1904</a>)</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img11/138-4&desc=Panama%20km4%2025%20Centesimos%20(1904" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img11/138-4&desc=Panama%20km4%2025%20Centesimos%20(1904" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img11/138-4&desc=Panama km4 25 Centesimos (1904</a>)</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=nmc2/138-5&desc=Panama%20km5%2050%20Centesimos%20(1904-1905" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=nmc2/138-5&desc=Panama%20km5%2050%20Centesimos%20(1904-1905" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=nmc2/138-5&desc=Panama km5 50 Centesimos (1904-1905</a>)</font></p><p> </p><p><font face="Times New Roman">No other coins were authorized by Panama until 1907. They are cupro-nickel ½ and 2½ centésimos coins, followed by cupro-nickel 5 centésimos in 1929.</font></p><p> </p><p><font face="Times New Roman">Here's the 1907 issues:</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img12/138-6&desc=Panama%20km6%201/2%20Centesimo%20(1907" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img12/138-6&desc=Panama%20km6%201/2%20Centesimo%20(1907" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img12/138-6&desc=Panama km6 1/2 Centesimo (1907</a>)</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img3/138-7&desc=Panama%20km7.1%202.5%20Centesimos%20(1907" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img3/138-7&desc=Panama%20km7.1%202.5%20Centesimos%20(1907" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img3/138-7&desc=Panama km7.1 2.5 Centesimos (1907</a>)</font></p><p> </p><p><font face="Times New Roman">And here's that 1929 5 centesimos:</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img9/138-9&desc=Panama%20km9%205%20Centesimos%20(1929,1932" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img9/138-9&desc=Panama%20km9%205%20Centesimos%20(1929,1932" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img9/138-9&desc=Panama km9 5 Centesimos (1929,1932</a>)</font></p><p> </p><p><font face="Times New Roman">. In 1930, coins of tenth, quarter and half-Balboa were introduced, followed by 1 balboa in 1931, which were identical in size and composition to the corresponding U.S. coins. (dime, quarter, half dollar and dollar).</font></p><p> </p><p><font face="Times New Roman">Here's those 1930 issues:</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img11/138-10_1&desc=Panama%20km10.1%201/10%20Balboa%20(1930-1947)%20High%20relief" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img11/138-10_1&desc=Panama%20km10.1%201/10%20Balboa%20(1930-1947)%20High%20relief" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img11/138-10_1&desc=Panama km10.1 1/10 Balboa (1930-1947) High relief</a></font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img3/138-11_1&desc=Panama%20km11.1%201/4%20Balboa%20(1930-1947" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img3/138-11_1&desc=Panama%20km11.1%201/4%20Balboa%20(1930-1947" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img3/138-11_1&desc=Panama km11.1 1/4 Balboa (1930-1947</a>)</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img3/138-12_1&desc=Panama%20km12.1%201/2%20Balboa%20(1930-1947" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img3/138-12_1&desc=Panama%20km12.1%201/2%20Balboa%20(1930-1947" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img3/138-12_1&desc=Panama km12.1 1/2 Balboa (1930-1947</a>)</font></p><p> </p><p><font face="Times New Roman">Here's the 1 Balboa images. These were minted 1931 through 1947. Note: The 1904 and '05 50 Centesimos coins were the same size and silver content as a crown coin. To make the 1931 Balboa, a total of 1,000,000 of those two issues of 50 Centesimos coins were melted. The 1931 Balboa was struck by the San Francisco Mint.</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img10/138-13&desc=Panama%20km13%201%20Balboa%20(1931-1947)%20Vasco%20Nunez%20de%20Balboa" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img10/138-13&desc=Panama%20km13%201%20Balboa%20(1931-1947)%20Vasco%20Nunez%20de%20Balboa" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img10/138-13&desc=Panama km13 1 Balboa (1931-1947) Vasco Nunez de Balboa</a></font></p><p> </p><p><font face="Times New Roman">In 1935, bronze 1 centésimo coins were introduced and again in '37.</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=nmc2/138-14&desc=Panama%20km14%201%20Centesimo%20(1935,1937" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=nmc2/138-14&desc=Panama%20km14%201%20Centesimo%20(1935,1937" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=nmc2/138-14&desc=Panama km14 1 Centesimo (1935,1937</a>)</font></p><p> </p><p><font face="Times New Roman">1¼ centesimos pieces were minted in 1940.</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img3/138-15&desc=Panama%20km15%201.25%20Centesimos%20(1940" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img3/138-15&desc=Panama%20km15%201.25%20Centesimos%20(1940" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img3/138-15&desc=Panama km15 1.25 Centesimos (1940</a>)</font></p><p> </p><p> </p><p><font face="Times New Roman">In 1966, Panama followed the U.S. in changing the composition of their silver coins, with cupro-nickel-clad-copper tenth, quarter coins and .400 fineness half-balboas.</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img3/138-10a&desc=Panama%20km10a%201/10%20Balboa%20(1966-1993" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img3/138-10a&desc=Panama%20km10a%201/10%20Balboa%20(1966-1993" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img3/138-10a&desc=Panama km10a 1/10 Balboa (1966-1993</a>)</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img3/138-11a&desc=Panama%20km11a%201/4%20Balboa%20(1948-1993" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img3/138-11a&desc=Panama%20km11a%201/4%20Balboa%20(1948-1993" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img3/138-11a&desc=Panama km11a 1/4 Balboa (1948-1993</a>)</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img3/138-12a_1&desc=Panama%20km12a.1%201/2%20Balboa%20(1966-1993" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img3/138-12a_1&desc=Panama%20km12a.1%201/2%20Balboa%20(1966-1993" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img3/138-12a_1&desc=Panama km12a.1 1/2 Balboa (1966-1993</a>)</font></p><p> </p><p><font face="Times New Roman">1 balboa coins were issued in 1966 for the first time since 1947.</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img3/138-27&desc=Panama%20km27%201%20Balboa%20(1966-1974" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img3/138-27&desc=Panama%20km27%201%20Balboa%20(1966-1974" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img3/138-27&desc=Panama km27 1 Balboa (1966-1974</a>)</font></p><p> </p><p><font face="Times New Roman">Note: There is an exception to this, In 1953 a special commemorative 1 Balboa was struck honoring the Republic's 50th Anniversary:</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=nmc2/138-21&desc=Panama%20km21%201%20Balboa%20(1953)%2050%20yrs.%20Republic" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=nmc2/138-21&desc=Panama%20km21%201%20Balboa%20(1953)%2050%20yrs.%20Republic" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=nmc2/138-21&desc=Panama km21 1 Balboa (1953) 50 yrs. Republic</a></font></p><p> </p><p><font face="Times New Roman">In 1973, cupro-nickel-clad-copper half-balboas were introduced.</font></p><p> </p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img14/138-12b&desc=Panama%20km12b%201/2%20Balboa%20(1973-1993)%20cu-ni%20clad%20copper" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img14/138-12b&desc=Panama%20km12b%201/2%20Balboa%20(1973-1993)%20cu-ni%20clad%20copper" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img14/138-12b&desc=Panama km12b 1/2 Balboa (1973-1993) cu-ni clad copper</a></font></p><p> </p><p><font face="Times New Roman">Further issues of the 1 balboa have been made since 1982 in cupro-nickel without reducing the size The '82 through '84 coins featured General Omar Torrijos</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img3/138-76&desc=Panama%20km76%201%20Balboa%20(1982-1984)%20Gen.%20Omar%20Torrijos" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img3/138-76&desc=Panama%20km76%201%20Balboa%20(1982-1984)%20Gen.%20Omar%20Torrijos" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img3/138-76&desc=Panama km76 1 Balboa (1982-1984) Gen. Omar Torrijos</a>.</font></p><p> </p><p><font face="Times New Roman">5, 10 and 20 Balboas were made for collectors::</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img3/138-28&desc=Panama%20km28%205%20Balboas%20(1970)%20Central%20American%20Games" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img3/138-28&desc=Panama%20km28%205%20Balboas%20(1970)%20Central%20American%20Games" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img3/138-28&desc=Panama km28 5 Balboas (1970) Central American Games</a></font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img3/138-30&desc=Panama%20km30%205%20Balboas%20(1972)%20F.A.O" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img3/138-30&desc=Panama%20km30%205%20Balboas%20(1972)%20F.A.O" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img3/138-30&desc=Panama km30 5 Balboas (1972) F.A.O</a>.</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img11/138-40&desc=Panama%20km40.2%205%20Balboas%20(1975-1982)%20Belisario%20Porras" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img11/138-40&desc=Panama%20km40.2%205%20Balboas%20(1975-1982)%20Belisario%20Porras" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img11/138-40&desc=Panama km40.2 5 Balboas (1975-1982) Belisario Porras</a></font></p><p> </p><p><font face="Times New Roman">I wasn't able to find an image if a 10 Balboa coin, but here's a 20:</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin_ns.php?image=img10/138-31&desc=Panama%20km31%2020%20Balboas%20(1972-1976" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin_ns.php?image=img10/138-31&desc=Panama%20km31%2020%20Balboas%20(1972-1976" rel="nofollow">http://worldcoingallery.com/countries/coin_ns.php?image=img10/138-31&desc=Panama km31 20 Balboas (1972-1976</a>)</font></p><p> </p><p><font face="Times New Roman">Before I end this trivia, let's look back at that1904 2 1/2 silver centesimos. The image of the coin tells part of the story for with the image is a ruler whose divisions are in millimeters. Because it was made of silver it had a unique poisition in the hearts of the Panamanian people. The coin was the smallest coin Panama ever authorized, and if not the smallest in the world, one of the smallest. The silver 2 1/2 centesimos coin was affectionately called the "pill" by the Panimanian people. Because of the Panamanian word for "pill," and their pronunciation of :the word, many tourists went home referring to the tiny coin as the "pearl."</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img13/138-1&desc=Panama%20km1%202.5%20Centesimos%20(1904)%20Panama%20Pill" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img13/138-1&desc=Panama%20km1%202.5%20Centesimos%20(1904)%20Panama%20Pill" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img13/138-1&desc=Panama km1 2.5 Centesimos (1904) Panama Pill</a></font></p><p> </p><p><font face="Times New Roman">This "pill" was so loved by the populace, tourists and coin collectors a special non-silver commemorative "pill-sized" coin was struck from 1975 through '82:</font></p><p> </p><p><font face="Times New Roman"><a href="http://worldcoingallery.com/countries/coin.php?image=img3/138-34&desc=Panama%20km34%202.5%20Centesimos%20(1975-1982)%20pill%20size" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://worldcoingallery.com/countries/coin.php?image=img3/138-34&desc=Panama%20km34%202.5%20Centesimos%20(1975-1982)%20pill%20size" rel="nofollow">http://worldcoingallery.com/countries/coin.php?image=img3/138-34&desc=Panama km34 2.5 Centesimos (1975-1982) pill size</a></font></p><p> </p><p><font face="Times New Roman">That ends this trivia, did you enjoy it?</font></p><p> </p><p><font face="Times New Roman">Clinker</font>[/QUOTE]</p><p><br /></p>
[QUOTE="Clinker, post: 275074, member: 6229"]You probably know the United States was instrumental in Panama becoming an independent republic in 1903 when it successfully seceeded from Columbia. Up to 1904, as part of Columbia, the Columbian Peso and its centesimo counterparts were the circulating business coinage. Before we get into the coins of Panama, I have a surprise for you. In 1868 it was apparent to the governing faction of Panama that a shortfall of currency was going to be a factor in 1869 and that eventuality needed solving. Since Columbian authorities weren't going to act upon the problem, the faction decided to do something about it themselves. They decided to issue One Peso banknotes in 1869: Here's links, courtesy of Bank Note World, showing the obverse and reverse of these 1869 One Peso Notes: [URL]http://www.banknoteworld.com/banknotes/panama/PanamaPS721(colombia)-1Peso-1869-donated_f.jpg[/URL] [URL]http://www.banknoteworld.com/banknotes/panama/PanamaPS721(colombia)-1Peso-1869-donated_b.jpg[/URL] Now I'm going to reveal another not-so-well-known bit of trivia: In 1941 Panama issued banknotes in denominations of 1, 5, 10 and 20 Balboas. Before giving you the links to the images, there is a fascinating (to me) fact you may enjoy knowing. The notes were issued, but recalled 7 days later, and are now referred to as the "Seven Day Dollars." No other paper currency was ever issued by Panama. Here's the links: First the One Balboa:obverse: [URL]http://www.banknoteworld.com/banknotes/PANAMA/PanamaP22-1Balboa-1941_f-donated.jpg[/URL] Now the reverse: [URL]http://www.banknoteworld.com/banknotes/PANAMA/PanamaP22-1Balboa-1941_b-donated.jpg[/URL] Here's the Five obverse: [URL]http://www.banknoteworld.com/banknotes/panama/PanamaP23-5Balboas-1941-donatedLynKnight_f.jpg[/URL] Now the reverse: [URL]http://www.banknoteworld.com/banknotes/panama/PanamaP23-5Balboas-1941-donatedLynKnight_b.jpg[/URL] Here's the Ten obverse: [URL]http://www.banknoteworld.com/banknotes/panama/PanamaP24-10Balboas-1941-donatedLynKnight_f.jpg[/URL] Now the reverse: [URL]http://www.banknoteworld.com/banknotes/panama/PanamaP24-10Balboas-1941-donatedLynKnight_b.jpg[/URL] And here's the 20 obverse: [URL]http://www.banknoteworld.com/banknotes/panama/PanamaP25-20Balboas-1941-donatedLynKnight_f.jpg[/URL] And finally the reverse: [URL]http://www.banknoteworld.com/banknotes/panama/PanamaP25-20Balboas-1941-donatedLynKnight_b.jpg[/URL] I hope you enjoyed learning that. If you traveled to Panama and stopped someone on the street and asked him or her to show you the change in their pocket or purse, would you be surprised to see a few Panamanian coins mixed in with some United States coins? Or would you be surprised to learn all the bills in their billfolds and purses were United States Federal Reserve Notes? If you ever visit Panama, you will not have to exchange your American coins and Federal Reserve Notes for Panamanian currency because American money is legal tender in Panama and is interchangeable one to one Always was since 1905. As we get into the first coinage of the new Republic you will notice it is dated 1904, but historians will quickly let you know it was not issued into circulation until 1905. The first coins were silver coins dated 1904 and include the [FONT=Times New Roman]2½, 5, 10, 25 and 50 centésimos. [/FONT] [FONT=Times New Roman]Here's images courtesy of Don's World Coin Gallery;[/FONT] [FONT=Times New Roman][URL="http://worldcoingallery.com/countries/coin.php?image=img13/138-1&desc=Panama%20km1%202.5%20Centesimos%20(1904)%20Panama%20Pill"]http://worldcoingallery.com/countries/coin.php?image=img13/138-1&desc=Panama%20km1%202.5%20Centesimos%20(1904)%20Panama%20Pill[/URL][/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img3/138-2&desc=Panama%20km2%205%20Centesimos%20(1904,1916[/URL])[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img3/138-3&desc=Panama%20km3%2010%20Centesimos%20(1904[/URL])[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img11/138-4&desc=Panama%20km4%2025%20Centesimos%20(1904[/URL])[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=nmc2/138-5&desc=Panama%20km5%2050%20Centesimos%20(1904-1905[/URL])[/FONT] [FONT=Times New Roman]No other coins were authorized by Panama until 1907. They are cupro-nickel ½ and 2½ centésimos coins, followed by cupro-nickel 5 centésimos in 1929.[/FONT] [FONT=Times New Roman]Here's the 1907 issues:[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img12/138-6&desc=Panama%20km6%201/2%20Centesimo%20(1907[/URL])[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img3/138-7&desc=Panama%20km7.1%202.5%20Centesimos%20(1907[/URL])[/FONT] [FONT=Times New Roman]And here's that 1929 5 centesimos:[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img9/138-9&desc=Panama%20km9%205%20Centesimos%20(1929,1932[/URL])[/FONT] [FONT=Times New Roman]. In 1930, coins of tenth, quarter and half-Balboa were introduced, followed by 1 balboa in 1931, which were identical in size and composition to the corresponding U.S. coins. (dime, quarter, half dollar and dollar).[/FONT] [FONT=Times New Roman]Here's those 1930 issues:[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img11/138-10_1&desc=Panama%20km10.1%201/10%20Balboa%20(1930-1947)%20High%20relief[/URL][/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img3/138-11_1&desc=Panama%20km11.1%201/4%20Balboa%20(1930-1947[/URL])[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img3/138-12_1&desc=Panama%20km12.1%201/2%20Balboa%20(1930-1947[/URL])[/FONT] [FONT=Times New Roman]Here's the 1 Balboa images. These were minted 1931 through 1947. Note: The 1904 and '05 50 Centesimos coins were the same size and silver content as a crown coin. To make the 1931 Balboa, a total of 1,000,000 of those two issues of 50 Centesimos coins were melted. The 1931 Balboa was struck by the San Francisco Mint.[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img10/138-13&desc=Panama%20km13%201%20Balboa%20(1931-1947)%20Vasco%20Nunez%20de%20Balboa[/URL][/FONT] [FONT=Times New Roman]In 1935, bronze 1 centésimo coins were introduced and again in '37.[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=nmc2/138-14&desc=Panama%20km14%201%20Centesimo%20(1935,1937[/URL])[/FONT] [FONT=Times New Roman]1¼ centesimos pieces were minted in 1940.[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img3/138-15&desc=Panama%20km15%201.25%20Centesimos%20(1940[/URL])[/FONT] [FONT=Times New Roman]In 1966, Panama followed the U.S. in changing the composition of their silver coins, with cupro-nickel-clad-copper tenth, quarter coins and .400 fineness half-balboas.[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img3/138-10a&desc=Panama%20km10a%201/10%20Balboa%20(1966-1993[/URL])[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img3/138-11a&desc=Panama%20km11a%201/4%20Balboa%20(1948-1993[/URL])[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img3/138-12a_1&desc=Panama%20km12a.1%201/2%20Balboa%20(1966-1993[/URL])[/FONT] [FONT=Times New Roman]1 balboa coins were issued in 1966 for the first time since 1947.[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img3/138-27&desc=Panama%20km27%201%20Balboa%20(1966-1974[/URL])[/FONT] [FONT=Times New Roman]Note: There is an exception to this, In 1953 a special commemorative 1 Balboa was struck honoring the Republic's 50th Anniversary:[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=nmc2/138-21&desc=Panama%20km21%201%20Balboa%20(1953)%2050%20yrs.%20Republic[/URL][/FONT] [FONT=Times New Roman]In 1973, cupro-nickel-clad-copper half-balboas were introduced.[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img14/138-12b&desc=Panama%20km12b%201/2%20Balboa%20(1973-1993)%20cu-ni%20clad%20copper[/URL][/FONT] [FONT=Times New Roman]Further issues of the 1 balboa have been made since 1982 in cupro-nickel without reducing the size The '82 through '84 coins featured General Omar Torrijos[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img3/138-76&desc=Panama%20km76%201%20Balboa%20(1982-1984)%20Gen.%20Omar%20Torrijos[/URL].[/FONT] [FONT=Times New Roman]5, 10 and 20 Balboas were made for collectors::[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img3/138-28&desc=Panama%20km28%205%20Balboas%20(1970)%20Central%20American%20Games[/URL][/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img3/138-30&desc=Panama%20km30%205%20Balboas%20(1972)%20F.A.O[/URL].[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img11/138-40&desc=Panama%20km40.2%205%20Balboas%20(1975-1982)%20Belisario%20Porras[/URL][/FONT] [FONT=Times New Roman]I wasn't able to find an image if a 10 Balboa coin, but here's a 20:[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin_ns.php?image=img10/138-31&desc=Panama%20km31%2020%20Balboas%20(1972-1976[/URL])[/FONT] [FONT=Times New Roman]Before I end this trivia, let's look back at that1904 2 1/2 silver centesimos. The image of the coin tells part of the story for with the image is a ruler whose divisions are in millimeters. Because it was made of silver it had a unique poisition in the hearts of the Panamanian people. The coin was the smallest coin Panama ever authorized, and if not the smallest in the world, one of the smallest. The silver 2 1/2 centesimos coin was affectionately called the "pill" by the Panimanian people. Because of the Panamanian word for "pill," and their pronunciation of :the word, many tourists went home referring to the tiny coin as the "pearl."[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img13/138-1&desc=Panama%20km1%202.5%20Centesimos%20(1904)%20Panama%20Pill[/URL][/FONT] [FONT=Times New Roman]This "pill" was so loved by the populace, tourists and coin collectors a special non-silver commemorative "pill-sized" coin was struck from 1975 through '82:[/FONT] [FONT=Times New Roman][URL]http://worldcoingallery.com/countries/coin.php?image=img3/138-34&desc=Panama%20km34%202.5%20Centesimos%20(1975-1982)%20pill%20size[/URL][/FONT] [FONT=Times New Roman]That ends this trivia, did you enjoy it?[/FONT] [FONT=Times New Roman]Clinker[/FONT][/QUOTE]
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