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Panama
50th Anniversary of the Republic
1930 Silver 1/2 Balboa
30.6mm (12.40 grams) 0.900 Silver (0.3617 oz. ASW)Reference: KM# 12.1 (1930,
1932-34, 1937)
MEDIO BALBOA, Bust of Balboa left.
REPUBLICA PANANA LEY
GR 0.90. 12.60, around the coat-of-arms of Panama.
You are bidding on the exact item pictured, provided with a
Certificate of Authenticity and Lifetime Guarantee of Authenticity.
 Vasco
Núñez de Balboa (c. 1475 – around January 12-21, 1519) was a Spanish
explorer , governor , and conquistador . He is best known for having
crossed the Isthmus of Panama to the Pacific Ocean in 1513, becoming the
first European to lead an expedition to have seen or reached the
Pacific from the New World .
He traveled to the New World in 1500 and,
after some exploration, settled on the island of Hispaniola . He
founded the settlement of Santa María la Antigua del Darién in
present-day Panama in 1510, which was the first permanent European
settlement on the mainland of the Americas (a settlement by Alonso de Ojeda
the previous year at San Sebastián de Urabá had already been
abandoned).
Panama, officially the Republic of Panama, is the
southernmost country of Central America and the whole of North America .
Situated on the isthmus connecting North and South America, it is
bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean
to the north and the Pacific Ocean to the south. The capital and
largest city is Panama City , whose metro area is home to nearly half
of the country’s 3.6 million people.
 .svg/375px-Panama_(orthographic_projection).svg.png) Panama
was inhabited by several indigenous tribes prior to settlement by the
Spanish in the 16th century. It broke with Spain in 1821 and joined a union
of Nueva Granada , Ecuador , and Venezuela named the Republic of Gran
Colombia . When Gran Colombia dissolved in 1831, Panama and Nueva
Granada remained joined, eventually becoming the Republic of Colombia.
With the backing of the United States, Panama seceded from Colombia in
1903, allowing the Panama Canal to be built by the U.S. Army Corps of
Engineers between 1904 and 1914. In 1977, an agreement was signed for
the total transfer of the Canal from the United States to Panama by
the end of the 20th century, which culminated on 31 December 1999.
Revenue from canal tolls continues to represent a significant portion of
Panama’s GDP, although commerce, banking, and tourism are major and growing
sectors. Panama has the second largest economy in Central America
and it is also the fastest growing economy and the largest per capita
consumer in Central America. In 2013, Panama ranked 5th among Latin
American countries in terms of the Human Development Index , and
59th in the world. Since 2010, Panama remains the second most
competitive economy in Latin America, according to the World Economic
Forum ‘s Global Competitiveness Index. Covering around 40 percent of
its land area, Panama’s jungles are home to an abundance of tropical
plants, animals and birds – some of them to be found nowhere else in
the world.
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