Monday is shaping up to be a nice day here in southern California. As a matter of fact the next few days are as well with temperature in the mid to high 70's (~25 C). Now I remember why I moved here in the first place and I sure don't miss shoveling snow. If only it weren't so crowded and expensive to live here it would be paradise!
It's been some time since I shared one of my coins from Panama, and today I have one that is really nice. In Panama the denomination they use is the Balboa, named after the conquistador Vasco Nunez de Balboa. I shared more about him in another post if you are interested you can see it here. Ever since it's inception it has been pegged in price to the US Dollar which is also legal tender in Panama. But moving onto the coin...
This particular design I've always liked, it was only used in a few mintage years the first being in 1931. Then in 1934 there were some produced and one last time in 1947. It has Liberty on the coin rather than the nation's coat of arms which I find much prettier personally.
About the coin:
From numista.com
This was minted in the US Mint in Philadelphia, Pennsylvania, the US Mint used to frequently produce coins for other nations. It still does on occasion, but with so many coins produced here in the US, I'm not sure how they find the time!
Currently the silver in the coin is worth $44.92 which isn't too bad. Silver is still just about $58 per Troy ounce, but I would expect some price increases in the very near future as the supply is much smaller than the current demand. 
Since this coin is relatively uncommon they sell for about $73 in this condition. They can go for quite a bit more in uncirculated condition, but most of these were coins used in circulation so they are hard to find. This is a coin I would like to upgrade to a higher quality one, that will have to be down the road sometime from now as for now my budget is a bit tight!
Panama has produced a lot of silver coins over the years and they are great to collect. They do tend to be less expensive than US coins and they come from a beautiful country in Central America. If you ever get the opportunity to visit Panama, I highly recommend it, it's such a pretty place. And the Panama Canal is huge, it was so much bigger than I had ever imagined! Panama is definitely one of my favorite countries to visit in the region. Now I want to head back there myself!
That will wrap up my post for this Monday. I hope you enjoyed seeing the beautiful Balboa silver coin, and I recommend investing in silver if you don't already. It's real money that mankind has used since before recorded history, and will always have value. Please feel free to leave any questions or comments below, and as always thank you so much for all of your support. Have a great week everyone!
References:
https://www.kitco.com/charts/silver
Disclaimer
I am not a financial planner and this isn't financial advice. Please always do your own research before investing your money. You worked hard enough to earn it!
All pictures are mine unless otherwise indicated
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