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1 1 COSTA RICA Panama Canal The Republic of Panama, a Central American Country situated between Costa Rica and Colombia, has an area of 29,762 sq. mi. (78,200 sq. km.) and a population of *2.4 million. Capital: Panama City. The Panama Canal is the country's biggest asset; servicing world related transit trade and international commerce. Bananas, refined petroleum, sugar and shrimp are exported. Discovered in 1501 by the Spanish conquistador Rodrigo Galvan de Bastidas, the land of Panama was soon explored and after a few attempts at settlement was successfully colonized by the Spanish. It was in Panama in 1513 that Vasco Nunez de Balboa became the first European to see the Pacific Ocean. The first Pacific-coast settlement, founded in 1519 on the site of a village the natives called Panama, was named Nuestra Senora de la Asuncion de Panama (Our Lady of the Assumption of Panama). The settlement soon became a city and eventually, albeit briefly, an Audiencia (judicial tribunal). In 1578 the city of Panama, being a primary transshipment center for treasure and supplies to and from Spain s South Pacificcoast colonies, was chosen for a new mint, and minting had begun there by By late 1582 or 1583 production was halted, possibly due to the fact that there were no nearby silver mines to sustain it. In it s brief operation, the Panama Mint must not have made many coins, as the corpus of surviving specimens known today from this colonial mint is less than 40. The city of Panama, known today as the Old City of Panama, was sacked and burned in 1671 by the famous Henry Morgan in one of the greatest pirate victories against the Spanish Main. Panama declared its independence in 1821 and joined the Confederation of Greater Colombia. In 1903, after Colombia rejected a treaty enabling the United States to build a canal across the Isthmus, Panama with the support of the United States proclaimed its independence from Colombia and became a sovereign republic. The /2 centesimos known as the 'Panama Pill' or 'Panama Pearl' is one of the world's smaller silver coins and a favorite with collectors. MINT MARKS FM - Franklin Mint, U.S.A.* CHI in circle - Valcambi Mint, Balerna, Switzerland RCM Royal Canadian Mint *NOTE: From the Franklin Mint produced coinage in up to 3 different qualities. Qualities of issue are designated in ( ) after each date and are defined as follows: (M) MATTE - Normal circulation strike or a dull finish produced by sandblasting special uncirculated (polish finish) or proof quality dies. (U) SPECIAL UNCIRCULATED - Polished or proof-like in appearance without any frosted features. (P) PROOF - The highest quality obtainable having mirrorlike fields and frosted features. MONETARY SYSTEM 100 Centesimos = 1 Balboa DECIMAL COINAGE COLOMBIA KM# 17 CENTESIMO Bronze, mm. Subject: 50th Anniversary of the Republic Written value above sprigs Bust of Uracca with headcovering left 1,500, KM# 22 CENTESIMO g., Bronze, mm. Written value above sprigs with stars above Obv. Legend: Bust with headcovering left Note: Varieties exist ,500, ,000, Proof Est. 50 Value: ,000, Proof 13,000 Value: ,600, Proof 20,000 Value: ,000, Proof 23,000 Value: Proof 14,000 Value: Proof 9,528 Value: Proof 11,000 Value: Proof 13,000 Value: Proof 17,000 Value: Est ,000,000 The 1974 circulation coins were stuck at West Point, NY Proof Est. 18,000 Value: 5.00 The 1974 proof coins were struck at San Francisco ,000, ,000, ,000, ,000, ,500, ,000, ,000, (P) Value: (P) Value: (P) Value: 8.00 Unauthorized striking ,000, ,000, KM# 22a CENTESIMO g., Copper Plated Zinc, mm. Value above sprigs with stars above Covered head left ,000, KM# 45 CENTESIMO g., Copper Plated Zinc, mm. Subject: 75th Anniversary of Independence National coat of arms Covered head 1/4 left Note: Medal rotation (U) 50, (P) 11,000 Value: KM# 124 CENTESIMO g., Copper Plated Zinc, mm. Written value Covered head 1/4 left Edge: Plain ,000, KM# 125 CENTESIMO g., Copper Plated Zinc, mm. Written value Obv. Legend: REPUBLICA DE PANAMA Native Urraca bust left Edge: Plain 1996(c) 180,000, (c) 160,000, (c) KM# 132 CENTESIMO g., Aluminum, 22.8 mm. Series: F.A.O. Subject: XXI Century F.A.O. Food Security National coat of arms Ship in canal Edge: Plain Note: Medal rotation ,000, KM# 6 1/2 CENTESIMO Copper-Nickel, 16 mm. Bust of Balboa left Written value Note: Previously listed re-engraved overdates were struck from very common doubled dies. The plain date in unc. is scarcer. Date Mintage F VF XF Unc BU ,000, Proof Value: 200 KM# 14 CENTESIMO Bronze, mm. Subject: Uracca Written value above sprigs Bust with headcovering left , , KM# 33.1 CENTESIMO g., Copper Plated Zinc, mm. National coat of arms Covered head 1/4 left Note: Medal rotation (RCM) 500, (M) 125, (U) 1, FM (P) 41,000 Value: (RCM) 50, (M) 63, (P) 12,000 Value: (U) 63, (P) 9,548 Value: (U) 20, (P) 5,949 Value: (U) 40, (P) 1,973 Value: (U) 5, FM (P) 1,480 Value: KM# 33.2 CENTESIMO g., Copper Plated Zinc, mm. National coat of arms Covered head of Urraca 1/4 left Edge Lettering: 1830 BOLIVAR (P) 2,629 Value: KM# /4 CENTESIMOS g., Bronze, 20 mm. Written value Uniformed bust left ,600, KM# g., Silver oz. ASW, 10 mm. Uniformed bust left National coat of arms Note: This coin is popularly referred to as the Panama Pill , KM# 7.1 Copper-Nickel, 21 mm. National coat of arms Value above stars Rev. Legend: DOS Y MEDIOS ,

2 2 KM# 85 Subject: KM# 7.2 Rev. Legend: 1983FM (P) Value: FM (P) Value: FM (P) Value: Note: Unauthorized striking KM# CENTESIMOS g., Copper-Nickel Clad Copper, 21.2 mm. Subject: Carlos J. Finlay National coat of arms Head 1/4 left Note: Medal rotation Known 1,800 3,000 Note: Unauthorized issue, 1 million pieces were struck and nearly all were melted in June KM# ,000, Proof KM# 2 5 CENTESIMOS Edge: ,500, Proof 12 Value: 1, , (RCM) 80, (M) 15, (U) 1, (P) 41,000 Value: (RCM) 20, (M) 13, (P) 12,000 Value: (U) 13, (P) 9,548 Value: (U) 12, (P) 5,949 Value: (U) 43, (P) 1,973 Value: (U) 3, (P) 1,480 Value: KM# CENTESIMOS g., Copper-Nickel Clad Copper, 21.2 mm. National coat of arms Head 1/4 left Edge Lettering: 1830 BOLIVAR 1980 Note: Medal rotation (P) 2,629 Value: KM# 16 KM# 32 Designer: ,200, Series: ,000, ,000, KM# 9 KM# CENTESIMOS 5 CENTESIMOS , , ,000, KM# 47 5 CENTESIMOS g., Copper-Nickel Clad Copper, 21.2 mm. Subject: 75th Anniversary of Independence National coat of arms Head 1/4 left Note: Medal rotation (U) 30, (P) 11,000 Value: KM# 34.1 Edge: Note: Subject: 1975 (RCM) 40, (M) 50, (U) 1, FM (P) 41,000 Value: (RCM) 20, (M) 25, FM (P) 24,000 Value: (U) 25, FM (P) 9,548 Value: (U) 12, FM (P) 5,949 Value: (U) 40, FM (P) 1,973 Value: FM (U) 2, FM (P) 1,480 Value: KM# 34.2 Subject: Edge Lettering: 1980 (P) 2,629 Value: KM# 46 Note: Subject: 1978 (U) 40, (P) 11,000 Value: KM# CENTESIMOS Note: The 1962 & 1966 Royal Mint strikes are normally sharper in detail. The stars on the reverse above the eagle are flat while previous dates are raised. Varieties exist ,600, Proof Est. 25 Value: ,900, Proof 13,000 Value: ,600, Proof 20,000 Value: ,000, Proof 23,000 Value: Proof 14,000 Value: ,000, Proof 9,528 Value: Proof 11,000 Value: Proof 13,000 Value: ,000, Proof 17,000 Value: Proof 19,000 Value: ,000, ,000, ,500, ,000, Proof Value: 250 Note: The 1993 proof strike was not authorized by the Panamanian government KM# 86 5 CENTESIMOS g., Copper-Nickel Clad Copper, 21.2 mm. National coat of arms Numeric value 1983 (P) Value: (P) Value: (P) Value: Note: Unauthorized striking KM# CENTESIMOS g., Copper-Nickel, 21.2 mm. National coat of arms Rev. Legend: Numeric value Edge: Plain ,000, KM# 3 10 CENTESIMOS g., Silver oz. ASW, 22 mm. Armored bust left National coat of arms ,100, Proof 12 Value: 2,000

3 ,000, Proof 12 Value: 3,000 KM# CENTESIMOS g., Copper-Nickel Clad Copper, mm. Subject: Manuel E. Amador National coat of arms Head 1/4 right Edge: Reeded Note: Medal rotation (RCM) 50, FM (M) 13, FM (U) 1, FM (P) 41,000 Value: (RCM) 20, FM (M) 6, FM (P) 12,000 Value: FM (U) 6, FM (P) 9,548 Value: FM (U) 10, FM (P) 5,949 Value: FM (U) 40, FM (P) 1,973 Value: FM (U) 2, FM (P) 1,480 Value: 8.00 KM# CENTESIMOS g., Copper-Nickel Clad Copper, mm. Subject: Manuel E. Amador National coat of arms Head 1/4 right Edge Lettering: 1830 BOLIVAR 1980 Note: Medal rotation. 1980FM (P) 2,629 Value: KM# CENTESIMOS g., Copper-Nickel Clad Copper, 17.9 mm. Subject: 75th Anniversary of Independence National coat of arms Bust 1/4 right Edge: Reeded Note: Medal rotation FM (U) 20, FM (P) 11,000 Value: KM# /10 BALBOA g., Silver oz. ASW, 17.9 mm. Note: High relief , Matte proof 20 Value: 1, , , , , ,000,000 BV KM# 18 1/10 BALBOA g., Silver oz. ASW, 17.9 mm. Subject: 50th Anniversary of the Republic National coat of arms Armored bust left Edge: Reeded ,300,000 BV KM# /10 BALBOA g., Silver oz. ASW, 17.9 mm. National coat of arms Armored bust left Edge: Reeded Note: Low relief ,000,000 BV Proof Est. 25 Value: 500 KM# 10 1/10 BALBOA g., Copper-Nickel Clad Copper, mm Type 1 6,955, Note: The Type I is similar to the 1962 strike on a thick flan (London) with diamonds on both sides of DE 1966 Type 2 1,000, Note: The Type II strike similar to the 1947 strikes on a thin flan (U.S.) with elongated diamonds on both sides of DE 1966 Proof 13,000 Value: Note: Thick and thin planchets 1967 Proof 20,000 Value: ,000, Proof 23,000 Value: Proof 14,000 Value: ,500, Proof 9,528 Value: Proof 11,000 Value: Proof 13,000 Value: ,000, Proof 17,000 Value: Proof 18,000 Value: , ,000, ,740, (RCM) 7,750, (RCM) 1,000, ,000, Proof Value: 300 Note: Unauthorized striking KM# 87 1/10 BALBOA g., Copper-Nickel Clad Copper, mm. Note: Medal rotation. 1983FM (P) Value: FM (P) Value: FM (P) Value: Note: Unauthorized striking KM# 127 1/10 BALBOA g., Copper-Nickel Clad Copper, mm. National coat of arms Obv. Legend: REPUBLICA DE PANAMA Armored bust of Balboa left Edge: Reeded 1996(c) 21,000, (c) 15,000, (c) 28,000, KM# CENTESIMOS g., Copper-Nickel Clad Copper, mm. Subject: Justo Arosemena National coat of arms Head 1/4 left Edge: Reeded Note: Medal rotation (RCM) 40, FM (M) 5, FM (U) 1, FM (P) 41,000 Value: (RCM) 12, FM (M) 2, FM (P) 12,000 Value: FM (U) 2, FM (P) 9,548 Value: FM (U) 4, FM (P) 5,949 Value: FM (U) 4, FM (P) 1,973 Value: FM (U) 2, FM (P) 1,480 Value: 8.00 KM# CENTESIMOS g., Copper-Nickel Clad Copper, mm. Subject: Justo Arosemena National coat of arms Head 1/4 left Edge Lettering: 1830 BOLIVAR FM (P) 2,629 Value: KM# CENTESIMOS g., Copper-Nickel Clad Copper, mm. Subject: 75th Anniversary of Independence National coat of arms Head 1/4 left Edge: Reeded Note: Medal rotation FM (U) 8, FM (P) 11,000 Value: 8.00 KM# /4 BALBOA g., Silver oz. ASW, 24.3 mm , Matte proof 20 Value: 2, , ,100 2, , , , , KM# 24 1/10 BALBOA g., Silver oz. ASW, 17.9 mm ,500,000 BV KM# 4 25 CENTESIMOS g., Silver oz. ASW, 30 mm. Armored bust left National coat of arms Edge: Reeded KM# 19 1/4 BALBOA g., Silver oz. ASW, 24.3 mm ,200, Proof Est. 5 Value: 1,350

4 4 KM# 25 1/4 BALBOA g., Silver oz. ASW, 24.3 mm ,000, KM# 128 1/4 BALBOA g., Copper-Nickel Clad Copper, mm. National coat of arms Obv. Legend: REPUBLICA DE PANAMA Armored bust of Balboa left Edge: Reeded 1996(c) 7,200, (c) 12,000, (c) (c) KM# CENTESIMOS g., Copper-Nickel Clad Copper, 30.6 mm. Subject: 75th Anniversary of Independence National coat of arms Bust 1/4 right Edge: Reeded Note: Medal rotation (U) 8, (P) 11,000 Value: KM# /4 BALBOA g., Silver oz. ASW, 24.3 mm. Note: Low relief ,000, Proof 25 Value: 500 KM# 11.2a 1/4 BALBOA g., Copper-Nickel Clad Copper, 24.3 mm. National coat of arms Armored bust left Edge: Reeded Note: Varieties exist ,400, Proof 13,000 Value: Proof 20,000 Value: ,200, Proof 23,000 Value: Proof 14,000 Value: ,000, Proof 9,528 Value: Proof 11,000 Value: Proof 13,000 Value: , Proof 17,000 Value: Proof 18,000 Value: ,500, ,000, ,000, ,000, (RCM) 6,000, (RCM) 3,000, ,000, Proof Value: 350 Note: The 1993 Proof strikes were not authorized by the Panamanian government KM# 88 1/4 BALBOA g., Copper-Nickel Clad Copper, mm. Note: Medal rotation 1983FM (P) Value: FM (P) Value: FM (P) Value: Note: Unauthorized striking KM# 5 50 CENTESIMOS g., Silver oz. ASW, 38.1 mm. Armored bust left National coat of arms Edge: Reeded ,800, Proof 12 Value: 6, ,000, Note: 1,000,000 of both 1904 and 1905 dates were melted in 1931 for the metal to issue 1 Balboa coin at San Francisco Mint KM# CENTESIMOS g., Copper-Nickel Clad Copper, 30.6 mm. Subject: Fernando de Lesseps National coat of arms Head 1/4 right Edge: Reeded Note: Medal rotation (M) 2, (U) 1, (P) 41,000 Value: (RCM) 20, (M) 1, (P) 12,000 Value: (RCM) 12, (U) 1, (P) 9,548 Value: (U) 2, (P) 5,949 Value: (U) 2, (P) 1,973 Value: (U) 1, (P) 1,480 Value: Note: (Error) Without edge lettering KM# CENTESIMOS g., Copper-Nickel Clad Copper, 30.6 mm. Subject: Fernando de Lesseps National coat of arms Head 1/4 right Edge Lettering: 1830 BOLIVAR 1980 Note: Medal rotation FM (P) 2,629 Value: Proof Inc. above Value: 140 Note: (error) without edge lettering KM# /2 BALBOA g., Silver oz. ASW, 30.6 mm. Note: High relief , Matte proof 20 Value: 2, , , , , KM# 20 1/2 BALBOA g., Silver oz. ASW, 30.6 mm , Proof Est. 5 Value: 1,850 KM# 26 1/2 BALBOA g., Silver oz. ASW, mm , KM# /2 BALBOA g., Silver oz. ASW, 30.6 mm. National coat of arms Armored bust left Edge: Reeded Note: Low relief ,000 BV Proof 25 Value: 750

5 5 KM# 12a.1 1/2 BALBOA g., Silver Clad oz. ASW, 30.6 mm. National coat of arms Normal helmet Edge: Reeded Note: Varieties exist ,000,000 BV Proof 13,000 Value: ,000 BV Proof 20,000 Value: ,000,000 BV Proof 23,000 Value: Proof 14,000 Value: ,000 BV Proof 9,528 Value: Proof 11,000 Value: Proof 13,000 Value: Proof Value: 300 Note: The 1993 Proof strike was not authorized by the Panamanian government KM# 129 1/2 BALBOA g., Copper-Nickel Clad Copper, mm. National coat of arms Obv. Legend: REPUBLICA DE PANAMA Armored bust of Balboa left Edge: Reeded 1996(c) 200, (c) 600, (c) 5,800, KM# 27 BALBOA g., Silver oz. ASW, 38.1 mm. Note: More than 200,000 of 1966 dates were melted down in 1971 for silver for the 20 Balboas. Varieties exist ,000 BV Proof 13,000 Value: Proof 20,000 Value: Proof 23,000 Value: Proof 14,000 Value: Proof 13,000 Value: Proof 18,000 Value: Proof 10,081 Value: Proof 30,000 Value: Proof 30,000 Value: KM# 12a.2 1/2 BALBOA g., Silver Clad oz. ASW, 30.6 mm. National coat of arms Error: Type II helmet rim incomplete. Edge: Reeded 1966 Inc. above BV KM# 12b 1/2 BALBOA g., Copper-Nickel Clad Copper, 30.6 mm. Note: Varieties exist ,000, Proof 17,000 Value: Proof 18,000 Value: ,200, ,000, , , (RCM) 1,850, (RCM) 200, , KM# 89 1/2 BALBOA g., Copper-Nickel Clad Copper, 30.6 mm. Note: Medal rotation. 1983FM (P) Value: FM (P) Value: FM (P) Value: Note: Unauthorized striking KM# 13 BALBOA g., Silver oz. ASW, 38.1 mm. Subject: Vasco Nunez de Balboa Standing figure with arm on shield Armored bust left Edge: Reeded , Proof 20 Value: 3, , , KM# 21 BALBOA g., Silver oz. ASW, 38.1 mm. Subject: 50th Anniversary of the Republic Standing figure with hand on shield Armored bust left Edge: Reeded , KM# 39.1 BALBOA g., Copper-Nickel Clad Copper, 38.1 mm. National coat of arms Armored head 1/4 left Edge: Reeded 1975FM (M) 4, FM (U) 1, FM (M) FM (U) FM (U) 1, FM (U) 1, FM (U) KM# 39.1a BALBOA g., Silver oz. ASW, 38.1 mm. National coat of arms Armored head 1/4 left Note: Medal rotation (P) 45,000 Value: (P) 14,000 Value: (P) 11,000 Value: (P) 7,160 Value: KM# 39.1b BALBOA g., Silver oz. ASW, 38.1 mm. National coat of arms Armored head 1/4 left 1981 (P) 2,633 Value: (P) 1,837 Value: KM# 39.2 BALBOA g., Copper-Nickel Clad Copper, 38.1 mm. Erroneous silver content (LEY.925) below arms Armored head 1/4 left Edge: Reeded 1975(c) (RCM) 10, (c) (RCM) 12,

6 6 KM# 39.3 BALBOA g., Silver oz. ASW, 38.1 mm. National coat of arms Armored head 1/4 left Edge Lettering: 1830 BALBOA (P) 2,629 Value: KM# 39.4 BALBOA g., Copper-Nickel Clad Copper, 38.1 mm. Erroneous silver content (LEY.500) below arms Armored head 1/4 left Edge: Reeded 1982FM (U) (M) 5, (U) 1, (M) (U) (U) 1, (U) 1, (U) 1, KM# 40.1b 5 BALBOAS g., Silver oz. ASW, 39 mm. National coat of arms Head facing Note: Medal rotation (P) 1,973 Value: (P) 1,480 Value: 150 KM# BALBOAS g., Silver oz. ASW, 39 mm. National coat of arms Head facing Edge Lettering: 1830 BALBOA 1980 KM# 28 5 BALBOAS g., Silver oz. ASW, 39 mm. Subject: 11th Central American and Caribbean Games National coat of arms Discus thrower Note: Medal rotation (P) 2,629 Value: 130 KM# BALBOAS g., Silver oz. ASW, 39 mm. Erroneous silver content (LEY.925) below arms Head facing 1982 (P) Value: 160 KM# 51 BALBOA Copper-Nickel Clad Copper, 38.1 mm. Subject: 75th Anniversary of Independence National coat of arms Armored head 1/4 left Note: Medal rotation ,647,000 BV (U) 603,000 BV (P) 59,000 Value: (U) 4, KM# 51a BALBOA g., Silver oz. ASW, 38.1 mm. National coat of arms Armored head 1/4 left Edge: Reeded 1978 (P) 13,000 Value: KM# 76 BALBOA g., Copper-Nickel Clad Copper, 38.1 mm. Subject: Death of General Omar Torrijos National coat of arms Uniformed bust right Edge: Reeded , Proof 50 Value: 250 Note: Frosted obverse 1982 Proof 200 Value: 350 Note: Frosted obverse and reverse , , KM# 30 5 BALBOAS g., Silver oz. ASW, 38.8 mm. Subject: F.A.O. National coat of arms Hand holding leafy plant ,000 BV Proof 10,000 Value: KM# 40.1a 5 BALBOAS g., Silver oz. ASW, 39 mm. National coat of arms Head facing 1975 (P) 41,000 Value: (P) 12,000 Value: (P) 9,548 Value: (P) 5,949 Value: 120 KM# BALBOAS Copper-Nickel Clad Copper, 38.8 mm. Erroneous silver content (LEY.925) below arms Head facing , , KM# 52 5 BALBOAS Copper-Nickel Clad Copper Subject: 75th Anniversary of Independence National coat of arms Bust facing 1978 (U) 2, KM# 52a 5 BALBOAS g., Silver oz. ASW National coat of arms Bust facing 1978 (P) 11,000 Value: KM# BALBOAS Copper-Nickel Clad Copper, 39 mm. Erroneous silver content (LEY.500) below arms Head facing 1982 (U) KM# 90 BALBOA g., Silver oz. ASW, 38.1 mm. National coat of arms Armored bust left 1983FM (P) 1,602 Value: FM (P) 1,044 Value: FM (P) 954 Value: KM# BALBOAS Copper-Nickel Clad Copper, 39 mm. Subject: Belisario Porras National coat of arms Head facing Note: Medal rotation. KM# 58 5 BALBOAS g., Silver oz. ASW Subject: Panama Canal Treaty Implementation National coat of arms Flag 1979 (P) 6,854 Value: 55.00

7 7 KM# 63 5 BALBOAS g., Silver oz. ASW Subject: Champions of Boxing National coat of arms Boxer and flag 1980 Proof 1,261 Value: KM# BALBOAS g., Silver oz. ASW Subject: Discovery of the Pacific Ocean National coat of arms Vasco Nunez de Balboa facing left 1985 (P) 765 Value: 300 KM# BALBOAS g., Silver oz. ASW Subject: Balseria Game National coat of arms Dancing figure 1980 Proof 1,267 Value: KM# 77 5 BALBOAS g., Silver oz. ASW Subject: Champions of Soccer National coat of arms Soccer ball and world globe 1982 Proof 9,446 Value: KM# BALBOAS g., Silver oz. ASW, 45.6 mm. Subject: Panama Canal Treaty Ratification National coat of arms Map within circle 1978 (P) 12,000 Value: (P) FDC Inc. above Value: KM# 53a 10 BALBOAS g., Nickel, 45.6 mm. National coat of arms Map within circle , KM# BALBOAS g., Silver oz. ASW Subject: Champions of Soccer National coat of arms Soccer players 1982 Proof 9,076 Value: KM# 91 5 BALBOAS g., Silver oz. ASW National coat of arms Armored bust left 1983FM (P) 1,776 Value: FM (P) 889 Value: 100 KM# BALBOAS g., Silver oz. ASW Subject: Panama Canal Treaty Implementation National coat of arms Ship and flag 1979 (P) 7,229 Value: KM# BALBOAS g., Silver oz. ASW Subject: International Year of the Child National coat of arms Three dancing figures, 2 emblems on the bottom 1982 Proof 8,460 Value: 52.00

8 8 KM# BALBOAS g., Silver oz. ASW Subject: Panama Canal Transfer Bust left Ship in canal under Panamanian flag 1999 Proof 4,500 Value: KM# BALBOAS g., Silver oz. ASW, 61 mm. Subject: Simon Bolivar National coat of arms Head right, date below 1972 (M) 37,000 BV (P) 48,000 Value: (M) 94,000 BV (P) 74,000 Value: (M) 99,000 BV (P) 161,000 Value: (M) 2,500 BV (U) BV (P) 62,000 Value: (P) 22,000 Value: (M) 2,500 BV Note: A substantial portion of the 1976 mintage was melted. KM# BALBOAS g., Silver oz. ASW, 61 mm. Subject: 75th Anniversary of Independence National coat of arms Obv. Legend: REPUBLICA DE PANAMA 75th ANIVERSARIO 3/4-length Balboa standing facing left, upraised right arm holding sword, left arm a flag Note: Illustration reduced (U) 2,500 BV (P) 23,000 Value: 230 KM# BALBOAS g., Silver oz. ASW, 61 mm. Subject: 150th Anniversary of Central American Independence National coat of arms Head right Note: Illustration reduced (M) 69,000 BV (U) BV (P) 40,000 Value: 220 KM# BALBOAS g., Silver oz. ASW, 61 mm. Subject: Vasco Nunez de Balboa National coat of arms 3/4- length standing armored figure facing left, raised right arm holding sword, left arm a flag Note: Illustration reduced (U) 2,879 BV (P) 24,000 Value: (U) 2,500 BV (P) 13,000 Value: 250 KM# BALBOAS g., Silver oz. ASW, 61 mm. Subject: Sesquicentenarium - Death of Simon Bolivar National coat of arms Armored figure on horse Note: Illustration reduced (U) 1, (P) 3,714 Value: 240

9 (P) 357 Value: (P) FDC Inc. above Value: 600 KM# BALBOAS g., Silver oz. ASW, 61 mm. Subject: Balboa - Discoverer of the Pacific National coat of arms Standing armored figures Note: Illustration reduced (P) 2,352 Value: 325 KM# BALBOAS g., Silver oz. ASW, 61 mm. National coat of arms Balboa and Indian guide Note: Illustration reduced. KM# BALBOAS g., Silver oz. ASW, 61 mm. Subject: Simon Bolivar, El Libertador National coat of arms Armored figure on rearing horse in center of assorted flags Note: Illustration reduced (U) (P) 3,528 Value: 250 KM# BALBOAS g., Gold oz. AGW National coat of arms Banded Butterfly fish 1983 (U) (P) 1,671 Value: (P) FDC Inc. above Value: (P) 1,760 Value: 260 KM# BALBOAS g., Gold oz. AGW National coat of arms Harpy Eagle, flying to left 1985 (P) 817 Value: (P) FDC Inc. above Value: 375 KM# BALBOAS g., Silver oz. ASW, 61 mm. Subject: Discovery of the Pacific Ocean National coat of arms Armored head and eagle facing left Note: Illustration reduced (P) 1,402 Value: 450 KM# BALBOAS g., Gold oz. AGW National coat of arms Figure of Eight Butterfly 1981 (U) (P) 4,445 Value: (P) FDC Inc. above Value: 135 KM# BALBOAS g., Gold oz. AGW Subject: Christmas 1981 National coat of arms Styilized dove flanked by flowers 1981 (U) (P) 1,940 Value: (P) FDC Inc. above Value: 195 KM# BALBOAS g., Gold oz. AGW National coat of arms Hummingbird 1982 (U) (P) 3,445 Value: (P) FDC Inc. above Value: 145 KM# BALBOAS g., Gold oz. AGW Subject: Christmas 1982 National coat of arms Star of Bethlehem flanked by flowers 1982 (U) (P) 1,361 Value: (P) FDC Inc. above Value: 210 KM# BALBOAS g., Silver oz. ASW, 61 mm. Subject: 200th Anniversary - Birth of Bolivar National coat of arms 1/2-Length bust left holding scroll Note: Illustration reduced (U) (P) 3,186 Value: 275 KM# BALBOAS g., Gold oz. AGW National coat of arms Puma 1984 (U) 100 1,250 KM# BALBOAS g., Gold oz. AGW Subject: Christmas 1983 National coat of arms Poinsettia 1983 (U) (P) 1,283 Value: (P) FDC Inc. above Value: 230

10 (P) 4,829 Value: (P) FDC Inc. above Value: 510 KM# BALBOAS g., Gold oz. AGW Subject: Peace at Christmas National coat of arms Lion and lamb 1984 (P) Value: (P) FDC Value: 875 KM# BALBOAS g., Gold oz. AGW Subject: Pre- Columbian Art - Golden Condor National coat of arms Styilized condor within circle 1980 (U) (P) 2,411 Value: (P) FDC Inc. above Value: 535 KM# BALBOAS g., Gold oz. AGW Subject: Pre- Columbian Art National coat of arms Native art 1984 (U) (P) Value: (P) FDC Value: 360 KM# BALBOAS g., Gold oz. AGW Subject: 75th Anniversary of Independence National coat of arms Flag flanked by dates, flowers and stars ND1978 (U) ND1978 (P) 9,161 Value: (P) FDC Inc. above Value: 360 KM# BALBOAS g., Gold oz. AGW Subject: Panama Canal Centennial National coat of arms Bust 1/4 left ND (1980) (U) 77 1,200 ND (1980) (P) 2,468 Value: 235 ND(1980) (P) FDC Inc. above Value: 240 KM# BALBOAS g., Gold oz. AGW Subject: Panama Canal Transfer Bust left Ship in canal under Panamanian flag 1999 Proof 1,000 Value: 500 KM# BALBOAS g., Gold oz. AGW Subject: 500th Anniversary - Birth of Balboa National coat of arms Armored head 1/4 left 1975 (U) 44,000 BV (P) 75,000 Value: (P) FDC Inc. above Value: (M) (U) 3,013 BV (P) 11,000 Value: (P) FDC Inc. above Value: (M) (U) (P) 5,092 Value: (P) FDC Inc. above Value: 500 KM# BALBOAS g., Gold oz. AGW Subject: Pre- Columbian Art National coat of arms Cocie Peoples' Ceremonial Mask 1981 (U) (P) 1,841 Value: (P) FDC Inc. above Value: 255 KM# BALBOAS g., Platinum oz. APW Subject: 150th Anniversary - Pan Congress National coat of arms Bust left divides dates ND (1976) (M) 30 1,250 ND (1976) (U) ND (1976) (P) 13,000 Value: 740 ND(1976) (P) FDC Inc. above Value: 750 KM# BALBOAS g., Gold oz. AGW Subject: Peace and Progress National coat of arms Dove orchid within circle 1978 (M) (U) (P) 6,086 Value: (P) FDC Inc. above Value: 500 KM# BALBOAS g., Gold oz. AGW Subject: Pre- Columbian Art National coat of arms Native design within quartered circle 1982 (U) 26 3, (P) 578 Value: (P) FDC Inc. above Value: 360 KM# BALBOAS g., Gold oz. AGW Subject: Sesquicentenarium - Death of Simon Bolivar National coat of arms Armored bust 1/4 left ND (1980) (U) ND (1980) (P) 1,837 Value: 285 ND(1980) (P) FDC Inc. above Value: 295 KM# BALBOAS g., Gold oz. AGW Subject: Pre- Columbian Art - Golden Turtle National coat of arms Styilized turtle 1979 (M) (U) KM# BALBOAS g., Gold oz. AGW Subject: Pre- Columbian Art National coat of arms Cocie style birds 1983 (U) (P) 1,308 Value: (P) FDC Inc. above Value: 310 KM# BALBOAS g., Platinum oz. APW Subject: Panama Canal Treaty Implementation National coat of arms Flag above map 1979 (P) 2,178 Value: (P) FDC Inc. above Value: 835

11 11 KM# BALBOAS g., Platinum oz. APW Subject: Champions of Boxing National coat of arms Boxer and flag 1980 Proof 219 Value: 950 KM# BALBOAS g., Gold oz. AGW National coat of arms Jaguar 1979 (U) 130 3, (P) 1,657 Value: 2, (P) FDC Inc. above Value: 2,850 KM# BALBOAS g., Gold oz. AGW Subject: Death of General Omar Torrijos National coat of arms Uniformed bust right 1982 (U) 97 2, (P) 398 Value: 1, (P) FDC Inc. above Value: 1,350 KM# BALBOAS g., Gold oz. AGW Subject: 500th Anniversary - Birth of Balboa National coat of arms Kneeling armored figure, sword in right hand, flag in left hand 1975 (M) 10 18, (U) 1,496 2, (P) 9,824 Value: 2, (P) FDC Inc. above Value: 2, (M) 10 18, (U) 160 3, (P) 2,669 Value: 2, (P) FDC Inc. above Value: 2, (M) 10 14, (U) 59 3, (P) 1,980 Value: 2, (P) FDC Inc. above Value: 2,650 KM# BALBOAS g., Gold oz. AGW National coat of arms Great egrets 1980 (U) 54 2, (P) 612 Value: 1, (P) FDC Inc. above Value: 1,200 KM# BALBOAS g., Gold oz. AGW National coat of arms Owl Butterfly Shape: Scalloped 1983 (U) 73 2, (P) 469 Value: 1, (P) FDC Inc. above Value: 1,300 KM# BALBOAS g., Gold oz. AGW Subject: 30th Anniversary - Organization of American States Coat of arms and value Map of North America and South America in inner circle ND(1978) (M) 10 5,000 ND(1978) (U) 106 3,300 ND(1978) (P) 2,009 Value: 2,600 ND(1978) (P) FDC Inc. above Value: 2,650 KM# BALBOAS g., Gold oz. AGW National coat of arms Sailfish 1981 (U) 41 2, (P) 487 Value: 1, (P) FDC Inc. above Value: 1,300 KM# BALBOAS g., Gold oz. AGW Subject: Golden Eagle National coat of arms National eagle holding a ribbon, stars above 1984 (U) 10 18, (P) 156 Value: 2, (P) FDC Inc. above Value: 2,500

12 12 KM# BALBOAS g., Gold oz. AGW Subject: National Eagle National coat of arms National eagle holding an ribbon, stars above Shape: Scalloped Date Mintage F VF XF Unc BU 1985 (P) 184 Value: 2, (P) FDC Inc. above Value: 2,450 PATTERNS Including off metal strikes. KM# Date Mintage Identification Mkt Val Pn /2 Centesimos. Silver. 1,500 Pn Half Cent. 3,500 PnA /2 Centesimo. Bronze. KM6. Pn /2 Centesimos. Silver. PnB Centesimo. Silver. 17a PnC Centesimo Gold. 17b 1,000 PnD /10 Balboa. Silver. PnE /10 Balboa Gold. 18a PnF /4 Balboa. Silver. PnG /4 Balboa Gold. 19a PnH /2 Balboa. Silver. PnI /2 Balboa Gold. 20a PnA Centesimo. Copper. KM17 Pn Balboa. Copper-Nickel. Type I. 15,000 KM# Date Mintage Identification Mkt Val Pn Balboa. Copper-Nickel. Type II. 5,000 Pn /10 Balboa. Copper-Nickel Clad Copper. Similar to KM10. Pn /4 Balboa. Copper-Nickel Clad Copper. Similar to KM11. PIEDFORT 1,000 1,500 Pn /2 Balboa. Copper-Nickel Clad 2,000 Copper. Similar to KM12. Pn /10 Balboa. Copper-Nickel. KM24. Pn /4 Balboa. Copper-Nickel. KM25. 1,500 Pn /2 Balboa. Copper-Nickel. KM26. 2,000 KM# Date Mintage Identification Mkt Val P Centesimo Gold. The series of 1-50 Centesimos were struck as pieforts in.400 Gold outside the normal minting facility without consent from the National Bank of Panama. P Centesimos Gold. 650 P /10 Balboa Gold. 750 P /4 Balboa Gold. 950 P Centesimos Gold. 1,000 TRIAL STRIKES KM# Date Mintage Identification Mkt Val TS Centesimo Gold. The series 1-50 Centesimos were struck as uniface trial strikes in.400 Gold outside the normal minting facility without consent from the National Bank or authorization from the Government of Panama. Reverse piefort. TS Centesimo Gold. Obverse 300 piefort. TS Centesimos Gold. 350 Reverse piefort TS Centesimos Gold. 350 Obverse piefort TS /10 Balboa Gold. Reverse 400 piefort TS /10 Balboa Gold. Obverse 750 piefort TS /4 Balboa Gold. Reverse 1,000 piefort TS /4 Balboa Gold. Obverse 1,000 piefort TS Centesimos Gold. 1,000 Reverse piefort TS Centesimos Gold. 1,000 Obverse piefort TS11 ND(1983) 1/4 Balboa. Copper-Nickel Clad 700 FM Copper. Obverse, KM#88. TS12 ND(1983) FM 1/2 Balboa. Copper-Nickel Clad Copper. Obverse, KM#89. 1,400 MINT SETS Issue Mkt KM# Date Mintage Identification Price Val MS (8) 1,410 KM PROOF SETS KM# Date Mintage Identification Issue Price Mkt Val PS (4) 12 KM2-5 12,750 PS (3) 20 KM ,200 PS (5) 25 KM , 22, ,500 PS (6) 12,701 KM10-11, 12a.1, 22, PS (6) 19,983 KM10-11, 12a.1, 22, PS (6) 23,210 KM10-11, 12a.1, 22, PS (6) 14,000 KM10-11, 12a.1, 22, PS (9) 37,041 KM31, , 39.1a a PS (8) 4,057 KM , 39.1a a PS (6) 9,528 KM10-11, 12a.1, 22, PS (9) 1,279 KM , 39.1b b, 71 PS (8) 694 KM , 39.1b b PS (6) 10,696 KM10-11, 12a.1, 22, PS (6) 13,322 KM10-11, 12a.1, 22, PS (6) 16,946 KM10-11, 12b, 22, 23.2, PS (9) 1,686 KM , , PS (8) 943 KM , PS (6) 17,521 KM10-11, 12b, 22, 23.2, PS (9) 10,610 KM31, , 39.1a a PS (8) 1,792 KM , 39.1a a PS (2) 11,479 KM31, PS (9) 8,093 KM , 39.1a a, 44 PS (8) 1,455 KM , 39.1a a PS (9) Error set; KM , b, 40.4, 80 PS (8) Error set; KM , b, 40.4 PS (9) 9,667 KM45-50, 51a, 52a, PS (8) 1,122 KM45-50, 51a, 52a 180 PS (9) 4,974 KM , 39.1a a, 44 PS (8) 975 KM , 39.1a a PS (2) 1,775 KM PS (9) 746 KM , 39.1b b, 80 PS (8) 734 KM , 39.1b, b PS (9) KM22, 85-91, PS (8) KM22, PS (9) KM22, 85-91, PS (8) KM22, PS (8) 765 KM22, 85-90, PS (4) KM10-11, 12a.1, ,350

13 PALO SECO 13 PALO SECO Palo Seco Leper Colony was established in Balboa, Canal Zone in It is known today as Palo Seco Hospital. The original issue of tokens totaled $1, of which $1, was destroyed on November 28, The issue was backed by United States Currency and was replaced by United States circulation coinage. COLONY LEPROSARIUM TOKEN COINAGE KM# Tn6 DOLLAR Aluminum, 38 mm. Center hole divides legend Center hole divides values Date Mintage VG F VF XF Unc KM# Tn1 CENT Brass, 19 mm. Square center hole Square center hole divides values Date Mintage VG F VF XF Unc KM# Tn2 5 CENTS Brass, 21 mm. Square center hole divides legend Square center hole divides values Date Mintage VG F VF XF Unc KM# Tn3 10 CENTS Aluminum, 18 mm. Center hole divides legend Center hole divides values Date Mintage VG F VF XF Unc KM# Tn4 25 CENTS Aluminum, 24 mm. Center hole divides legend Center hole divides values Date Mintage VG F VF XF Unc KM# Tn5 50 CENTS Aluminum, 30.5 mm. Center hole divides legend Center hole divides values Date Mintage VG F VF XF Unc

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