1966 Republic of Panama coin holds a significant place in the history of numismatics, as it represents a pivotal moment in the monetary history of Panama. This coin, which was minted in the year 1966, showcases the nation’s transition and its rich cultural heritage. As an avid collector and enthusiast, I will delve into the details of this coin, its significance, and its place in the global coin market.
The 1966 Republic of Panama coin was minted in silver, with a composition of 90% silver and 10% copper. The coin was designed by the renowned artist, Carlos Marquez, who was also responsible for designing the Panama Canal coins. The obverse side of the coin features the image of the Panamanian coat of arms, which includes a shield adorned with symbols representing the country’s history, culture, and natural resources. The reverse side of the coin depicts the Panama Canal, showcasing the grandeur and importance of this engineering marvel.
The coin’s diameter is 39.6 millimeters, and it has a thickness of 2.5 millimeters. The weight of the coin is 27.5 grams, making it a substantial piece for collectors. The coin was minted in limited quantities, which adds to its rarity and desirability among collectors. The mintage figures for the 1966 Republic of Panama coin are not readily available, but its scarcity is evident in the coin market.
The 1966 Republic of Panama coin is not only a beautiful piece of art but also a testament to the country’s commitment to preserving its cultural heritage. The coin’s design reflects the nation’s pride in its history, with symbols such as the shield, which represents the unity and strength of Panama. The coin also symbolizes the country’s economic development, as the Panama Canal is a significant source of revenue and a symbol of Panamanian ingenuity.
The coin has been a favorite among collectors for several reasons. Firstly, its limited mintage makes it a valuable piece in the coin market. Secondly, the coin’s silver composition and high silver content make it an attractive investment for collectors interested in precious metals. Additionally, the coin’s historical significance and beautiful design have contributed to its popularity among numismatists worldwide.
In conclusion, the 1966 Republic of Panama coin is a remarkable piece that encapsulates the country’s rich history and cultural heritage. Its scarcity, beautiful design, and silver composition make it a highly sought-after item in the coin market. As an avid collector, I can confidently say that the 1966 Republic of Panama coin is a must-have for any numismatic collection.
