1975-1977 Panama Gold 500 Balboas BU/Proof

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This impressive gold coin issued by Panama between 1975 and 1977 features a substantial precious metal content of 1.2067 troy ounces. Struck at the Franklin Mint, the piece is composed of 90 percent pure gold. It represents a significant denomination of 500 Balboas, showcasing the country's rich heritage through detailed artistry. The obverse features a striking depiction of Vasco Núñez de Balboa, the Spanish explorer. He is shown kneeling in his military uniform, holding a flag and a sword, capturing a dramatic moment of discovery. This side is inscribed with his name and the title "DESCUBRIDOR DEL PACIFICO" to mark his historic journey. On the reverse, the official coat of arms of the Republic of Panama sits above the denomination and metal purity. The inscription "REPUBLICA DE PANAMA" surrounds the coat of arms, which is accompanied by the national motto "PRO MUNDI BENEFICIO". The lower portion of the design clearly displays the gold content as "500 BALBOAS" alongside "900/1000 ORO FINO", confirming its high purity.