1974 Panama Silver Balboa Proof

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Struck during the mid-twentieth century, this 1974 silver coin from Panama represents a classic piece of Central American numismatic design. The coin is minted with 0.900 fine silver, containing 0.7734 troy ounces of precious metal. Cataloged as KM-27, this issue had a limited production of 30,000 pieces, each finished to a brilliant proof standard. The obverse displays the national coat of arms of Panama, framed by a delicate wreath. The year of issue, 1974, is positioned at the bottom, while the surrounding inscriptions detail the country's name, REPUBLICA DE PANAMA, and the precise silver purity and weight, including the markings LEY 0.900 and 26.73 GR. On the reverse, the coin features a left-facing, armored bust of the famous explorer Vasco Nunez de Balboa. This detailed portrait serves as a powerful symbol of the nation's history, capturing the explorer in traditional armor, a design that defines the visual identity of Panama's coinage.