What is a Balboa currency?

Balboas are issued only in coin form and are subdivided into 100 centésimos. The money's name honors Vasco Núñez de Balboa, the Spanish explorer, conquistador, and founder of the first European settlement in Panama in 1510. The Panamanian balboa (PAB) is the official currency of the Republic of Panama.

What is a Panamanian 1 balboa coin?

A 1931 balboa coin. The first Panamanian 1 balboa coin was issued in 1931. It was composed of .900 fine silver, weighed 26.73 grams, and measured 38.1 millimeters in diameter. Its composition, size, and mass were intentionally made identical to those of the United States Peace dollar.

Who designed the Balboa coin?

A portrait of Spanish conquistador and explorer, Vasco Núñez de Balboa flanked by two branches was displayed on the reverse, with the value (as "VN BALBOA") inscribed above. Panamanian artist Roberto Lewis designed the coin's obverse, and American sculptor William Clark Noble designed the reverse.

What is a 20 Balboa coin?

At the time the .925 fineness sterling silver 20 balboa coin honoring Simón Bolívar was introduced in 1971, it was the largest legal tender silver coin in the world, containing 3.85 ozt silver and having a 61 mm diameter.