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Panama 1 Centesimo  1935 to 2008
Panama 1 Centesimo 1935 to 2008

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!

Panama has been minting coins like this since 1935 all the way to 2008. Only the early coins are valuable, as not very many were minted. They made 200,000 each in 1935 and 1937. This gives these coins a decent collectible value today. Other dates after 1937 are worth very little.

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.

1 CENTESIMO 1935 to 1937:
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.

1 CENTESIMO after 1937:
worn: less than $1 US dollar approximate catalog value
average circulated: less than $1
well preserved: less than $1
fully uncirculated: $3

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.

Coin: 14431 , Genre: Colonizers and Colonies
Requested by: william, Thu, 02-May-2013 18:04:09 GMT
Answered by: Paul, Sat, 05-Apr-2014 13:23:41 GMT
Updated by CoinQuest. Appraisal ok., Sat, 05-Apr-2014 13:23:41 GMT
Requester description: 1937 vrraca 1937 other side repvblica-de-panama un centesimo the fron look like a men with cape and has long hair and it looks like a muslim cap over his head the back is some type of flowers or plant up under the word un centesimo no
Tags: panama 1 centesimo centesimi centesimos centisimo centlsimo vrraca urraca repvblica republic de un fron cape hair muslim islam cap hat over head type flowers flower plant up repub repbulique republik repcblique republicas reipvblicae repubblica reublico republiove republiek repvbliqve republica republique rupublica repvbblica republika replucique rebublique replublica republka repvblique repbublic hairdo hairline moslem islamic hood caps hooded types blossom fler fleurs leis lisse flur folwers stems floral lily posy bouquet flour fllower bud fleur bloomed floret floer stem flowery lilys fluer fleures pedals indian branch stalk leaves leaf headdress leafs leave leaved leafed leafy leavs

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Mon, 20-Oct-2014 21:07:43 GMT, unknown: 568727