1904 Panama 50 Centesimos - NGC graded AU 58 - KM# 5 - 90% Silver - RARE! - $229 - (Mineola, TX)

PLEASE SEE PICTURES! THIS IS THE ACTUAL COIN YOU WILL RECEIVE! This auction features a beautiful 1904 Panama 50 Centesimos graded AU 58 by NGC. Struck on U.S. soil at the Philadelphia Mint and containing 90% Silver, this 1904 Panama 50 Centesimos is a stunningly designed and nicely preserved! In 1903 Panama declared their independence and decided to switch its monetary system from the Columbian Peso to a new nationalized yet more internationally accepted form of currency. The first 50 Centesimos was struck in 1904, the same year construction began on the Panama Canal, but was not issued to the public until the following year. Later, 55% of 1904 50 Centesimos ever minted were melted down to garner enough silver to produce the 1931 Panama Balboa (considered by the staff at the Philadelphia Mint to be one of the most beautiful coins ever they produced). Specifications Mintage: 1,800,000 (of which 1,000,000 were melted)Composition: Silver Fineness: 0.9000 Weight: 25.0000g ASW: 0.7234oz Diameter: 38.1mm Design Obverse: Armored bust left Reverse: National coat of arms Edge Description: Reeded PLEASE SEE PICTURES! THIS IS THE ACTUAL COIN YOU WILL RECEIVE!

Posted in Mineola, TX, Collectibles
From ebay.com - 1 month ago