Numismatic

1968 Panama Silver Balboa Proof

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This striking silver coin from Panama, minted in 1968, serves as a beautiful example of mid-twentieth-century proof coinage. Struck with a limited production run of just 23,000 pieces, the coin contains 0.7734 troy ounces of actual silver content within its 0.900 fine silver composition. It is cataloged by numismatists under the reference number KM-27. The obverse of the coin displays the official Panamanian coat of arms, which is framed by a decorative wreath. Below this central emblem, the year 1968 is split by the design, while the specific silver purity and weight details are noted along the side of the field. On the reverse, viewers will find a left-facing portrait of the famous explorer Vasco Nunez de Balboa. He is depicted wearing traditional armor, a nod to the historical era of exploration that shaped the region. The proof finish highlights the contrasting textures of the polished fields and the detailed engraving of the bust, making it an intriguing piece for those who appreciate historical portraiture on coinage.