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Panama 1 Centesimo 1935 to 1937
Wow William, what a cool coin!
Worn, stained, and with a tainted eye appeal, your coin won't be worth much. I would keep it though!
Not very many of these coins were minted. They made 200,000 each in 1935 and 1937. This gives these coins a decent collectible value today.
The 'VRRACA' inscription refers to none other than Urracá, the Panamanian folk hero who fought the Spanish conquistadors in the first half of the 16th century. He looks like he means business!
These are the approximate values that the catalogs report for these coins.
worn: $1 US dollar approximate catalog value
average circulated: $6
well preserved: $15
fully uncirculated: $35
The 1935 date is slightly less common and worth around 25% more than the values above.
Remember that these are inflated catalog values (read the Important Terminology page on the top left) and only apply to coins free of any problems like scratches, stains or spots.
The coin in our picture is being sold for $10.75 by Coin House Sesam Basel. This is a dealer selling coins for a profit. Their coin lies somewhere between 'average circulated' and 'well preserved' in state of preservation, but it has a spot around Urracá's eye, which lowers the eye appeal. If the spot weren't there, the value would improve by several dollars.
If you wanted to sell a coin like this to a dealer, he or she would likely pay you around $5. This is the margin of mark-up necessary to keep a business afloat.
Tags: panama 1 indian urraca hat headdress branch man cap stalk king over fron head type plant hair cape de un up pamana centesimi vrraca indians hood mans twigs male twig sprigs limb leaf sprig branched branches hooded caps boy braches branching kings stalks headed heads plants hairline planting islam flower vegetation types republic centisimo centlsimo centesimo centesimos leafed leaves leavs leave leaved leafs leafy bloomed republicas repcblique reipvblicae replucique republik stem leis fleur repubblica lily repub republique bud replublica pedals blossom lilys flur repbulique bouquet repvblique repvblica republka floer repbublic fleures flowers floral rupublica fllower republika repvbblica republiek lisse stems muslim rebublique fler reublico folwers posy flowery fleurs islamic republica republiove
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Categories > Colonizers and Colonies > Panama