Rarity and Questions: 1983 FM Panama 1/4 Balboa Proof with "Ley 0.500" Reverse



This coin is likely not an error, but more of an uncatalogued pattern, and have included a standard proof for reference. No Franklin Mint 1/4 balboas were ever struck in silver (the designation on reverse "Ley 0.500" stands for legal standard 0.500 silver), and by 1983 even the larger 1, 5, and 20 Balboas were struck in 0.500.

The part I don't know, and it may be speculative, is that 1983 would have represented the 80th Anniversary of Panama's founding so perhaps this was a pattern for a set that was considered and would have been struck in silver.
Are any readers aware of other 1983 denomination patterns of this year, or smaller denomination coins struck in silver with or without this designation?

There were many other "errors" in the 1975, 1976, and 1982 years with base metal currency coins struck with silver fineness, and a 1982 Proof 5 Balboa that was struck in 0.500 with "Ley 0.925" Reverse. I guess this specimen would be the rarest of all of these at this point?

Love that Milled British (1830-1960)
Well, just Love coins, period.

Comments

  • coinkatcoinkat Posts: 18,430 ✭✭✭✭

    Any idea how many may exist? I have not seen or heard of this before in connection with the denomination or date...

    Experience the World through Numismatics...it's more than you can imagine.

  • 7Jaguars7Jaguars Posts: 4,473 ✭✭✭

    I think this might be the only one. Richard Stuart was not able to get one in his really magnificent collection. The 1982 1 Balboa currency turns up every once in a while with mintage of 11; this one not at all.
    An eBay find at $25.00 about 5/6 years ago.

    Love that Milled British (1830-1960)
    Well, just Love coins, period.
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