Panama – 1975 – 500 Balboas – Vasco Núñez de Balboa 500th Anniversary of Birth – Gold – Proof – NGC PF69 Ultra Cameo

Panama – 1975 – 500 Balboas – Vasco Núñez de Balboa 500th Anniversary of Birth – Gold – Proof – NGC PF69 Ultra Cameo – Edition Proof 9,824 – Cert 2860671-015

This large-format Panamanian gold coin was minted in 1975 to commemorate the 500th anniversary of Vasco Núñez de Balboa’s birth and is among the most renowned Latin American collector coins of the 1970s. The combination of high gold purity, distinctive medallion design, and historically significant motif makes the piece both prestigious and highly collectible. Furthermore, the proof mintage for 1975 is clearly defined, allowing for precise assessment of its rarity.

Front (obverse)
The coin features the Panamanian coat of arms, surrounded by the inscription “REPUBLICA DE PANAMA”. Below this is the motto “PRO MUNDI BENEFICIO”. The design also incorporates the abbreviations “FM”, “900/1000 ORO FINO”, and the face value “500 BALBOAS”.

Reverse (back)
Vasco Núñez de Balboa is depicted kneeling in armor, with a drawn sword in his right hand and a flag in his left. The inscription around the sculpture reads “VASCO NUÑEZ DE BALBOA DESCUBRIDOR DEL PACIFICO,” followed by the year “1975.”

Certification
NGC PF69 Ultra Cameo (strong contrast between reflective fields and matte reliefs).
NGC Cert 2860671-015

Technical data

• Country: Panama

• Year: 1975

• Face value: 500 Balboas

• Metal: Gold

• Fineness: 900/1000

• Weight: 41.7 g

• Net weight: 37.53 g (1.2066 oz)

• Diameter: 46 mm

• Mint: Franklin Mint (FM), USA

• Minting quality: Proof

• Edition (Proof, 1975): 9,824 copies