1163

PANAMA, struck at the Philadelphia mint, proof 5 centésimos, 1904, very rare, NGC PF 65.

Currency:USD Category:Coins & Paper Money / World Coins By Country Start Price:4,500.00 USD Estimated At:6,000.00 - 12,000.00 USD
PANAMA, struck at the Philadelphia mint, proof 5 centésimos, 1904, very rare, NGC PF 65.
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PANAMA, struck at the Philadelphia mint, proof 5 centésimos, 1904, very rare, NGC PF 65. KM-2. Smallest denomination in a complete matched proof set with the next three lots (KM-PS1, only twelve sets issued), the first official coinage of the newly independent nation of Panama in 1904, each coin struck to proof standards at the U.S. Mint in Philadelphia under the direction of Charles E. Barber, one of the most important American engravers of the era, featuring a bold portrait of Vasco Núñez de Balboa on obverse and sharply defined national coat of arms on reverse, a perfect combination of elegant design with high technical quality. Each coin in the set displays deep mirrored fields overlain with original, undisturbed rainbow toning in vibrant colors on both sides, never cleaned or altered, the result of decades of natural aging, as this set has stayed intact since the time of issue, reflecting its importance as an original presentation, each coin now certified separately to cater to the growing interest among collectors to build competitive registry sets in top-tier holders. This PF 65 5c, with particularly strong and colorful toning and scattered die-polish lines, is tied with one other for second finest in the NGC census behind a single PF 66.
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