1985 Panama 5 Balboas Silver Proof – Pacific Ocean Discovery
PCGS PR66 DCAM | Ultra-Low Mintage of Just 763 Coins

This beautifully struck proof coin honors the historic sighting of the Pacific Ocean by Spanish explorer Vasco Núñez de Balboa in 1513. Issued by the Republic of Panama in 1985, this 5 Balboas coin is part of a limited issue designed to celebrate Panama’s pivotal role in global exploration history.

Specifications

• Country: Panama

• Year: 1985

• Denomination: 5 Balboas

• Composition: .500 Fine Silver (50% silver)

• Net Silver Weight: 23.33 g

• Gross Weight: 52.75 g

• Diameter: 39.0 mm

• Mintage: 763

• Quality: Proof

• Grade: PCGS PR66 DCAM (Deep Cameo)

• Packaging: Coin only (no capsule, case, or COA)

Design Features

• Obverse: Coat of arms of the Republic of Panama with “REPUBLICA DE PANAMA” and the denomination inscribed.

• Reverse: A finely detailed depiction of Vasco Núñez de Balboa overlooking the Pacific Ocean for the first time, symbolic of exploration and maritime achievement.

About This Coin

• Deep Cameo Finish: Strong contrast between frosted devices and mirrored fields.

• Graded PR66 DCAM by PCGS: A high-grade proof coin with excellent eye appeal and deeply mirrored fields.

• Rare and Collectible: With a mintage of just 763 and few surviving in such condition, this coin is highly sought after by world coin collectors and enthusiasts of historical commemoratives.