895

Steel hub for Panama 5 balboas (probably 1970s), unadopted design, with diagonal cancellation.

Currency:USD Category:Coins & Paper Money / World Coins - World (P-Z) Start Price:280.00 USD Estimated At:350.00 - 500.00 USD
Steel hub for Panama 5 balboas (probably 1970s), unadopted design, with diagonal cancellation.
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This item SOLD at 2014 Nov 06 @ 21:15UTC-5 : EST/CDT
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Steel hub for Panama, 5 balboas, 1985, unadopted design, with diagonal cancellation. KM-104. 686 grams, 1-3/4” tall and 1-7/8” in diameter. When modern coins are made, an artist’s plaster sculpture is transferred to something known as a hub, which shows the final coin design but on a thick steel shaft for impressing onto a die (thereby preserving the design without having to recreate it every time a die breaks). This example of a hub is lustrous and beautifully detailed (rusty patina on just the exterior), with a portrait of Balboa and the words BALBOA DESCUBRIDOR DEL PACIFICO and CINCO BALBOAS, a design that was never adopted for use. (Thanks JP)