The Central American nation of Panama has shared a close history of coinage with the United States. Following its independence from Colombia in 1904, Panama replaced the peso with the balboa and subsequently introduced denominations that had the same sizes and fineness standards as U.S. silver coins, .900 fine silver. It follows that these silver 1/10 balboa coins correspond to the American dime. Each of these Brilliant Uncirculated coins contains .07 troy oz of pure silver.
On the obverse, the left-facing effigy of Spanish conquistador Vasco Núñez de Balboa (for whom the coins are named) is abutted by wreaths of laurel. The inscription "UN DECIMO DE BALBOA" runs along the top rim, translating to "one-tenth of a balboa." The reverse is dominated by the Panamanian Coat of Arms, an eagle perched on the national shield with drapery on either side. The reverse legend "REPUBLICA DE PANAMA" curls along the top rim. Placed on either side of the insignia is the silver purity, "LEY 0900," and its weight, "GR. 2.50." The year-date appears below at the bottom rim.
The Panamanian balboa received its name from the 16th-century Spanish explorer because he was the first European to transverse the Isthmus of Panama, a water route connecting the Atlantic and Pacific Oceans. The balboa coinage of Panama circulates alongside U.S. dollars within the country, as the two currencies have a 1:1 exchange rate. Add these silver 1/10 balboa coins to your collection and enjoy inexpensive silver that also has historical significance! The coin you will receive will be of random date, based on available in-stock inventory.