1916 PANAMA Rare .9 SILVER Dime Size CINCO 5 CENTESIMOS Only 100,000 PIECES MADE

Description

FOR the complete story, FULL DETAILS and BIG CLEAR PICTURES, Please SEE THE DESCRIPTION
1916 PANAMA Rare .9 SILVER Dime Size CINCO 5 CENTESIMOS Only 100,000 PIECES MADE
1916 PANAMA Rare .9 SILVER Dime Size CINCO 5 CENTESIMOS Only 100,000 PIECES MADE
Description
This is a very pleasing and very scarce, silver, 1916
"Cinco"
or 5 Centesimos from the
"Republic of Panama"
. It is exactly the size, weight and silver purity of a silver, United States Dime.
Theodore Roosevelt had decided the United States needed a canal through the isthmus of Panama but the Columbians, who owned Panama, were driving a hard bargain.
So....
In 1903 Panama declared itself independent of Columbia and was instantly recognized by and signed a treaty with, the United States, to build the canal.
Panama picked the
"Balboa"
as a currency to replace the Columbian Pesos that were circulating. They based it on gold because they wanted the coinage to be compatible with the United States Gold Dollar then circulating. But when the silver coins were struck it didn't come out quite that way. The first Five Centesimos here had as much silver as a US Dime, the 25 Centesimos a Half Dollar, and the Fifty Centesimos was quite near the size and weight of a
"Morgan"
Dollar.
Weight: 2.50 Grams, 17.9 Millimeter, .900 Silver. Mintage 100,000.
As a comparison, the famous 1909-S V.D.B. Lincoln Cent had a mintage of 484,000 pieces.
"Standard Catalog of World Coins"
(1901-2000)
by Krause-Mishler
.
#
2.
Obverse:
REPUBLICA DE PANAMA • 1916 • DIOS LEY LIBERTAD
(God, Law, Liberty, on Conquistador helmet)
• BALBOA below bust. Vasco Núñez de Balboa crossed the isthmus of Panama and was the first European to sight the Pacific Ocean, he did it in 1513.
Reverse:
CINCO CENTESIMOS DE BALBOA • G. 2.500 LEY 0.900 • Arms.
Start at sea level or zero, then climb 375 feet up a mountain and plant a flag. Walk 1800 feet,
(6 football fields)
slightly downhill, to a point still 325 feet high and plant another flag. Then get out your shovel and dig down to zero from both flags, and make your ditch 60 yards across at the zero level. Now, do that for the next NINE MILES. That's what it took to dig the tough part of the Panama Canal.
The Coin:
A very pleasant example of the scarcer of just 2 dates, the 1904 had a mintage of 1.5 million coins. It has passed through a few hands and earned some honest wear and a few marks doing so. Fully original, it has not been cleaned and is even scarcer and more desirable as such. As grading is subjective, please see the pictures and judge for yourself.
Remember,
FREE SHIPPING to the USA!
Due to the tracking needed for this piece, a padded envelope is mandatory so out of the US shipping will be by eBay Global Shipping.
(
For international > please see below
)
Costs as determined by the eBay calculator for your location, nothing extra added.
Payment
I ship the day after cleared payment. Payment in US funds only please. Returns: Accepted, in original condition, in most cases and encouraged if the item has been misdescribed.
If you need more than one week from the close of the sale to make payment, that is not generally a problem,
PLEASE, JUST LET ME KNOW
when you expect to pay. If
No payment and No contact
is made, eBay will automatically open a
non payment case
on the eighth day.
Shipping
Shipping to the USA will be FREE!
Shipping OUT OF THE USA will be
FREE
FROM ME to the eBay GLOBAL SHIPPING PROGRAM.
International fees will be determined by the eBay Global Shipping calculator for your location - NOTHING Extra Added!
International Buyers ? Please Note:
Import duties, taxes, and charges are not included in the item price or shipping cost. These charges are the buyer's responsibility.
Please check with your country's customs office to determine what these additional costs will be prior to bidding or buying.
I SHIP THE DAY AFTER CLEARED PAYMENT!
About Us
We are long time collectors who enjoys listing things on eBay. We try to give you the best pictures we can and as much information about the item as we can, so you know what you are buying.
I try to start auctions for as low a starting price as I can, and still break even. There are eBay, PayPal and Postage fees to cover. Minimum bid normally represents at least a decent value.
I believe you have completed your part of the agreement when you pay me, so
I LEAVE YOUR FEEDBACK WHEN I SHIP THE ITEM
. I appreciate return feedback if you feel I have earned it.
Contact Us
I will try to respond to email questions within one day. Please ask any questions about the item, or other special requests
BEFORE
you bid.
Images sell!
Get Supersized Images & Free Image Hosting
Create your brand with Auctiva's
Customizable Templates.
Attention Sellers - Get Templates
Image Hosting, Scheduling at Auctiva.com.
Track Page Views With
Auctiva's FREE Counter