Panama – 1976 – 500 Balboas – 500 years of Vasco Núñez de Balboa – Gold – Proof – PCGS PR70DCAM – Top Pop – Population 1

This impressive gold coin from Panama was issued in 1976 to commemorate the 500th anniversary of Vasco Núñez de Balboa and is among the most representative Latin American gold-proof coins of its time. Its large size and clear historical theme set it apart from many other modern commemorative coins. At the same time, it combines Panamanian national history with an exceptionally attractive gold design.

The coin, minted with the mint mark FM, is struck in 900 gold. It weighs 41.7 g, with a fine weight of 37.53 g. Measuring 46 mm in diameter, the coin has a striking presence. Furthermore, the low proof mintage of only 2,669 pieces makes this issue particularly interesting not only from a historical perspective but also from a collector’s point of view.

The obverse depicts Vasco Núñez de Balboa kneeling in armor, holding a sword and banner. The inscription aptly refers to him as the “Discoverer of the Pacific,” underscoring the historical significance of the image. The reverse bears the coat of arms of the Republic of Panama, the face value of 500 Balboas, and the fineness mark “900/1000 Oro Fino.” This gives the coin a classic, dignified, and thematically cohesive appearance.

Of particular note is the exceptional certification of this specimen. The coin was graded PR70DCAM by PCGS, achieving the highest possible numerical grade for a proof coin. Furthermore, it is a Top Pop piece with a Population of 1, a grade unmatched by any other coin. This is a crucial characteristic for discerning collectors, especially for a large gold coin of this already rare quality. The combination of historical significance, low mintage, and absolutely pristine condition makes this specimen an outstanding collector’s item.

Technical data:
Country: Panama
Year: 1976
Mint mark: FM
Face value: 500 Balboas
Occasion: 500th Anniversary Balboa
Metal: Gold
Fineness: 900/1000
Weight: 41.7 g
Fine weight: 37.53 g
Diameter: 46 mm
Minting quality: Proof
Mint: Franklin Mint
Grading: PCGS
Grade: PR70DCAM
Top Pop : Yes
Population: 1
Rated higher: 0
PCGS number: 141902
Certificate number: 52741795