Item: i102366

Authentic Coin of:

Panama – Victoriano Lorenzo Commemorative
1976 Proof Copper-Nickel Clad Copper 2 1/2 Centésimos 10mm (1.25 grams)
Reference: KM# 34  
REPUBLICA DE PANAMA ********* 2½ CENTESIMOS, Coat-of-Arms with name of the country and 9 stars above.
VICTORIANO LORENZO 1976, Portrait facing of V. Lorenzo.

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Victoriano Lorenzo is considered one of the great heroes of Panamanian history, although his story and motives are sometimes debated by different sectors in his homeland. Born when the isthmus was still a part of Colombia, which was a part of the former Gran Colombia, Lorenzo died during the Thousand Days War shortly after which Panama gained its separation after many different attempts dating back to 1830.

Lorenzo was born sometime around the 1870s to poor campesinos in what is now the province of Cocle. He was considered a Cholo, of predominantly indigenous descent and Hispanic cultural background. He is remembered in rural areas, especially Coclé, as an indigenous chief who continued the cause of land rights and representation; evidence thereof includes that his father, Rosa Lorenzo, had been an indigenous leader and that Victoriano spoke indigenous languages. He also participated in the state political structure as an elected official outside of the provincial capital of Penonome.

After many attempts to address indigenous grievances about land rights, abuses, and economic disadvantages through the judicial and state bureaucracies, he became frustrated and allied his indigenous fighters with the Liberal cause. Lorenzo was quick to take arms at the advent of the Thousand Days War in alliance with the Liberals led in part by Panamanian patriot Belisario Porras. He led troopsin a Pacific coast skirmish which killed a conservative mayor and garnered him arms from the Liberals.^[1] He commanded his troops into battle in Aguadulce in January 1902, in which over 750 troops were killed or wounded on both sides, and his Liberal allies claimed 700 prisoners. Later that year, when hundreds of Liberal troops came from Nicaragua, Lorenzo sent his secretary, Papi Aizpuru, to meet them. Becoming one of the most wanted men by the Colombian central government, General Lorenzo and his wife, Lorenza Ibarra, led his soldiers to a base in the mountains known as La Trinchera, where he turned to guerrilla war to advance his cause, and averted many assassination attempts by Conservatives.

The end of the Thousand Days War resulted in a defeat for the Liberals. General Benjamín Herrera, who had previously fought alongside Lorenzo in Aguadulce, signed a peace treaty with the Conservatives. Victoriano Lorenzo and his followers refused to give up their arms and insisted on continuing their struggle.^{[citation needed]} After Herrera ordered his arrest, Lorenzo was lured into an ambush. Victoriano Lorenzo was executed on May 15, 1903 at the Plaza Francia, a tall sea wall, on the side facing Amador. Panama separated from Colombia less than seven months later. Lorenzo is buried in the Amador Cemetery.

The Panamanian public was greatly dismayed by Lorenzo’s execution. Public disapproval at this execution resulted in this being the last recorded execution in Panama. It was a factor leading the Liberals to accept Panama’s separation from Colombia, and led to the disappearance of Conservatives from Panamanian politics for some years thereafter. Many indigenous people in Panama understand his assassination as the defeat of their autonomous land rights and access to representation in the Panamanian state structure.

Legacy

 Monument to Victoriano Lorenzo, located at Amador, Panama City

Lorenzo became a national legend in Panama. Today, several monuments and plaques exist in Cocle and Veraguas in Lorenzo’s honor, and official events celebrating his life and remembering his execution are held both at the commemoration of his death and on the November 3 Separation Day. Panama’s controversial figure Hugo Spadafora organized a contingent of his countrymen to fight against Nicaragua’s Somoza regime in 1976 known as the Victoriano Lorenzo Brigade. On January 30, 1966, the Panamanian National Assembly formally declared his execution unjust. In 2003, Panama City’s Mayor Juan Carlos Navarro (PRD) also issued a formal proclamation of Lorenzo’s innocence. Carlos Francisco Chang Marín, the Panamanian poet and novelist alluded to Lorenzo in almost all his works in an effort to place him as a founding father of Panama. To Chang Marín, Lorenzo was the first true Panamanian whose life story and identity parallel that of Panama as a nation.

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.

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.