1 Centésimo Bronze/Brass

1 Centésimo (Bronze/Brass) - obverse1 Centésimo (Bronze/Brass) - reverse

© nalaberong

Features

Issuer Panama
Period Republic (1903-date)
Type Standard circulation coin
Years 1961-1987
Value 1 Centesimo (1 centésimo)
0.01 PAB = USD 0.010
Currency Balboa (1904-date)
Composition Bronze
Weight 3.11 g
Diameter 19 mm
Thickness 1.6 mm
Shape Round
Technique Milled
Orientation Coin alignment ↑↓
Number
N#
1039
References KM# 22,
Tracy L. Schmidt (editor); 2019. Standard Catalog of World Coins / 2001-Date (14th edition). Krause Publications, Stevens Point, Wisconsin, United States.
And 5 more volumes.
Schön# 22
Gerhard Schön; 2022. Weltmünzkatalog / 20. Jahrhundert: 1901-2000 (47. Auflage). Battenberg Gietl Verlag, Regenstauf, Germany.
And 1 more volumes.

Obverse

Written denomination under an arc of 9 stars (representing the nine provinces at the time, there are now ten), wreath, and date below

Script: Latin

Lettering:
· REPUBLICA · DE · PANAMA ·
*********
UN
CENTESIMO
1961

Translation: Republic of Panama

Reverse

Bust of Chief Urraca (Urracá or Ubarragá Maniá Tigrí was an Amerindian Ngäbe chieftain), a person from the Province of Veraguas, who fought the Spaniards in Panamá between 1520 and 1531, facing left with the name above

Script: Latin

Lettering: · URRACA ·

Edge

Smooth

Mints

Mexican Mint (Casa de Moneda de México), Mexico, Mexico (1535-date)
Royal Canadian Mint of Winnipeg, Canada (1976-date)
Royal Mint (Tower Hill), London, United Kingdom (1810-1975)
United States Mint of Denver, United States (1906-date)
United States Mint of Philadelphia, United States (1792-date)
United States Mint of San Francisco, United States (1854-date)
United States Mint of West Point, United States (1973-date)
Mintmark of The Franklin Mint (FM) The Franklin Mint, Wawa, Pennsylvania, United States (1964-date)

Comments

Urraca was an indian chief from the Province of Veraguas, who fought the Spaniards in Panamá between 1520 and 1531. The arc of 9 stars represent the 9 provinces of Panamá at that time (today 10).

Since its separation from Colombia in 1903, Panama has used the United States Dollar. These coins have the same specifications as the United States 1 Cent and circulated alongside it.

1961 dated coins were made with 95% Copper, 5% Zinc and Tin. 1962 dated coins were made with 97% Copper, 2.5% Zinc, and 0.5% Tin. 1966-1983 dated coins were made with 95% Copper and 5% Zinc. The alloy used in 1983-1987 dated coins is currently unknown.

Due to inflation and rising metal prices, the composition of United States Pennies changed from 95% Copper, 5% Zinc into 2.5% Copper, 97.5% Zinc in 1982. Panamanian coins followed suit in 1983.

For the 1968 circulation issue, 24,740,000 were minted in Denver and 260,000 were minted in San Francisco.
For the 1975 circulation issue, 10,000,000 were minted in Philadelphia and 10,000,000 were minted in West Point.

See also

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Date Mintage G VG F VF XF AU UNC Frequency
1961  2 600 000 $ 0.52 $ 1.30 $ 1.30 $ 1.30 15% Mexico City Mint
1962  2 000 000 $ 0.40 $ 0.49 $ 0.52 $ 0.82 $ 1.50 $ 2.00 12% Royal British Mint
1962  50 0.2% Royal British Mint; Proof
1966  3 000 000 $ 0.12 $ 0.44 $ 0.76 $ 0.76 $ 0.76 11% Royal British Mint
1966  13 000 $ 2.00 1.3% Royal British Mint; Proof
1967  7 600 000 $ 0.11 $ 0.43 $ 0.71 $ 0.88 $ 2.00 16% San Francisco Mint
1967  20 000 $ 3.20 1.3% San Francisco Mint; Proof
1968  25 000 000 $ 0.19 $ 0.27 $ 0.34 $ 0.36 $ 0.72 $ 0.79 $ 1.10 37% Denver and San Francisco Mints
1968  43 193 $ 5.70 1.8% San Francisco Mint; Proof
1969  14 000 $ 1.40 0.8% San Francisco Mint; Proof
1970  9 528 $ 3.30 0.8% San Francisco Mint; Proof
1971  11 000 $ 5.80 0.8% Proof
1972  10 696 $ 4.90 0.8% San Francisco Mint; Proof
1973  13 332 1.4% San Francisco Mint; Proof
1974  16 946 $ 3.50 1.4% San Francisco Mint; Proof
1974  10 000 000 $ 0.04 $ 0.14 $ 0.19 $ 0.22 $ 0.77 $ 0.93 $ 1.60 11% West Point Mint
1975  20 000 000 $ 0.11 $ 0.17 $ 0.17 $ 0.37 $ 0.37 $ 0.64 12% Philadelphia and West Point Mints
1975  17 521 0.10% San Francisco Mint; Proof
1977  10 000 000 $ 0.14 $ 0.28 $ 0.28 $ 0.46 $ 2.20 10% West Point Mint
1978  10 000 000 $ 0.20 $ 0.37 $ 0.41 $ 0.54 $ 0.67 15% West Point Mint
1979  10 000 000 $ 0.05 $ 0.17 $ 0.54 $ 0.55 $ 0.56 9% West Point Mint
1980  20 500 000 $ 0.16 $ 0.42 $ 0.42 14% West Point Mint
1982  Photo 20 000 000 $ 0.19 $ 0.23 $ 0.23 $ 0.23 $ 1600 10% West Point Mint
1983  5 000 000 $ 0.20 $ 0.54 $ 0.81 $ 1.00 $ 1.50 12% West Point Mint
1983 FM 0.5% Franklin Mint; Proof
1984 FM 0.3% Franklin Mint; Proof
1985 FM 0.3% Franklin Mint; Unauthorized striking; Proof
1986  20 000 000 $ 0.26 $ 0.60 9% Royal Canadian Mint
1987  20 000 000 $ 0.10 $ 0.58 $ 0.58 $ 0.95 9% Royal Canadian Mint

Values in the table above are expressed in USD. They are based on evaluations by Numista users and sales realized on Internet platforms. They serve as an indication only; they are not intended to be relied upon for buying, selling or exchanging. Numista does not buy or sell coins or banknotes.

Frequencies show the percentage of Numista users who own each year or variety among all the users who own this coin. Since some users own several versions, the sum may be greater than 100%.

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Past sales

Pictures Sale Date Version Grade Sold price
Picture 1 of a sold 1 Centésimo (Bronze/Brass)Picture 1 of a sold 1 Centésimo (Bronze/Brass)Picture 1 of a sold 1 Centésimo (Bronze/Brass)Picture 1 of a sold 1 Centésimo (Bronze/Brass)
Heritage Auctions
2017 January 4 - 9 FUN US Coins Signature Auction - Fort Lauderdale 1251
Lot 6175
Internet Archive
4 Jan 2017 1982 – West Point Mint UNC
(NGC MS-66 RB; Struck over 1982 S USA Proof 1 Cent)

The lot includes several items.
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