Numismatic

1976 Panama Platinum 150 Balboas Proof (APW .2987 oz)

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In 1976, Panama issued a remarkable legal tender coin struck in 0.2987 troy ounces of highly pure 0.999 fine platinum. Produced by the Franklin Mint, this Proof-quality issue was limited to a mintage of just 13,000 pieces, making it a scarce and fascinating artifact of late twentieth-century numismatics. The obverse of the coin displays a detailed portrait of Simon Bolivar, the influential military and political figure who led the struggle for independence from Spanish rule across several South American nations. The design commemorates his legacy, surrounded by inscriptions that reference the historic 1826 Congress of Panama. On the reverse, the official coat of arms of the Republic of Panama takes center stage, accompanied by the national motto "PRO MUNDI BENEFICIO" (For the Benefit of the World). The reverse also clearly displays the denomination of 150 Balboas, the year of issue, and the purity of the platinum metal, creating a beautifully balanced design that honors both Panamanian heritage and South American history.