1 Centésimo Bronze/Brass

Features

Issuer	Panama
Ruling authority	Republic (1903-date)
Type	Standard circulation coins
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 Standard Catalog of World Coins (85 volumes). , Schön# 22 Battenberg (publisher). Weltmünzkatalog. Battenberg, Regenstauf, Bavaria, Germany (3 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

Plain

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)
(FM)	Franklin Mint (The Franklin Mint), Wawa, Pennsylvania, United States (1964-2003)

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.

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Date	Mintage	G	VG	F	VF	XF	AU	UNC		Frequency
Undetermined
1961	2 600 000	$ 0.06	$ 0.52	$ 0.54	$ 0.55	$ 1.20	$ 1.20	$ 1.20	Mexico City Mint	15%
1962	2 000 000		$ 0.41	$ 0.53	$ 0.55	$ 0.88	$ 1.40	$ 2.10	Royal British Mint	12%
1962	50								Royal British Mint; Proof	0.2%
1966	3 000 000			$ 0.13	$ 0.49	$ 0.86	$ 0.86	$ 0.86	Royal British Mint	11%
1966	13 000							$ 2.10	Royal British Mint; Proof	1.3%
1967	7 600 000	$ 0.08	$ 0.13	$ 0.16	$ 0.46	$ 0.75	$ 1.20	$ 1.60	San Francisco Mint	16%
1967	20 000							$ 1.60	San Francisco Mint; Proof	1.2%
1968	25 000 000	$ 0.20	$ 0.28	$ 0.37	$ 0.38	$ 0.74	$ 0.83	$ 1.10	Denver and San Francisco Mints	37%
1968	43 193							$ 5.00	San Francisco Mint; Proof	1.8%
1969	14 000							$ 1.50	San Francisco Mint; Proof	0.9%
1970	9 528							$ 3.50	San Francisco Mint; Proof	0.8%
1971	11 000							$ 4.60	Proof	0.8%
1972	10 696							$ 5.10	San Francisco Mint; Proof	0.8%
1973	13 332								San Francisco Mint; Proof	1.4%
1974	16 946							$ 3.80	San Francisco Mint; Proof	1.5%
1974	10 000 000	$ 0.06	$ 0.13	$ 0.19	$ 0.23	$ 1.00	$ 1.20	$ 1.70	West Point Mint	11%
1975	20 000 000	$ 0.40	$ 0.40	$ 0.40	$ 0.40	$ 0.40	$ 0.40		Philadelphia and West Point Mints	11%
1975	17 521								San Francisco Mint; Proof	0.13%
1977	10 000 000			$ 0.15	$ 0.28	$ 0.38	$ 0.64		West Point Mint	10%
1978	10 000 000			$ 0.22	$ 0.37	$ 0.37	$ 0.57	$ 0.68	West Point Mint	15%
1979	10 000 000				$ 0.18	$ 0.57	$ 0.58	$ 0.59	West Point Mint	9%
1980	20 500 000	$ 0.17			$ 0.46	$ 0.51	$ 0.69	$ 0.69	West Point Mint	14%
1982	20 000 000	$ 0.23	$ 0.23	$ 0.23	$ 0.24	$ 0.24	$ 0.24	$ 1700	West Point Mint	10%
1983	5 000 000	$ 0.10	$ 0.17	$ 0.22	$ 0.34	$ 0.85	$ 1.10	$ 1.60	West Point Mint	12%
1983 FM									Franklin Mint; Proof	0.5%
1984 FM									Franklin Mint; Proof	0.3%
1985 FM									Franklin Mint; Unauthorized striking; Proof	0.3%
1986	20 000 000				$ 0.25	$ 0.68			Royal Canadian Mint	9%
1987	20 000 000	$ 0.10	$ 0.39	$ 0.52	$ 0.57	$ 0.57	$ 1.00		Royal Canadian Mint	9%

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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This index is based on the data of Numista members collections. It ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members.

Past sales

Pictures	Sale	Date	Version	Grade	Sold price
	Heritage Auctions 2017 January 4 - 9 FUN US Coins Signature Auction - Fort Lauderdale 1251 Lot 6175	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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