The Panama Silver 1/4 Balboa was official Panamanian currency from 1904. Each silver 1/4 Balboa was minted with 0.18 oz silver content to match the size and weight of corresponding US coins. Accordingly the Panama Silver 1/4 Balboa weighs 6.25 grams overall and is 24.3mm in diameter.
The obverse shows Spanish conquistador Vasco Nunez de Balboa; the first European to reach the Pacific Ocean by crossing the Isthmus of Panama and founding the first European settlement on the continental Americas in the area that is now Panama. VN CVARTO DE BALBOA (one quarter Balboa) is written above de Balboa's morion helmet. The reverse features the Panamanian coat of arms and the year the coin was struck, the edge is milled.
The Panama Silver 1/4 Balboa (random dates) is ideal for anyone looking to add silver coins with historical merit to their collection at a low premium.
These coins are a great buy for anyone looking for a little history to their precious metals collection as well as being a great low premium silver coin.