Panama 2 1/2, 5, 10, 25, and 50 Centesimos 1904 to 1916

Panama issued 5 different denominations in 1904, all with the same pattern, but with differnt amounts of silver. The listings which follow give the amount of silver in troy ounces, not grams as stamped on the coin. In troy ounces you can look up the price of silver on the Internet (e.g., at kitco.com) and figure the base value of your coin. The catalog value, also shown below, includes the base value plus addition value due to collector demand. Use our Important Terminology page to convert these catalog values to actual buy and sell values.

2 1/2 CENTESIMOS (10 mm diameter, 0.036 troy ounces silver)
worn: $6 US dollars catalog value
average circulated: $8
well preserved: $15
fully uncirculated: $35

5 CENTESIMOS (18 mm diameter, 0.072 troy ounces silver)
worn: $4 US dollars catalog value
average circulated: $10
well preserved: $20
fully uncirculated: $80
a few coins were dated 1916: $100 in average circulated

10 CENTESIMOS (24 mm diameter, 0.145 troy ounces silver)
worn: $10 US dollars catalog value
average circulated: $14
well preserved: $50
fully uncirculated: $160

25 CENTESIMOS (30 mm diameter, 0.362 troy ounces silver)
worn: $15 US dollars catalog value
average circulated: $25
well preserved: $60
fully uncirculated: $200

50 CENTESIMOS (38 mm diameter, 0.724 troy ounces silver)
worn: $30 US dollars catalog value
average circulated: $55
well preserved: $140
fully uncirculated: $400
a few coins were dated 1905: $70 in average circulated
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