Numismatic News

U.S. Dollar Offers Panama Stability

Recently, I returned from a brief vacation in Panama. I did not have to change my U.S. dollars for local currency since the U.S. dollar is the legal tender currency there.

Since Panama (with the backing of the U.S. government – almost certainly prompted by President Theodore Roosevelt’s interest in building the Panama Canal) won independence from Colombia in 1903, it has had a mixed hybrid monetary system. Panama introduced the balboa as the official monetary unit in 1904,

You’re reading a preview, subscribe to read more.

More from Numismatic News

Numismatic News4 min read
Grading Your Coins
Careful consideration must be given to the condition of a coin before arriving at its value, since a minor difference in grading can mean a substantial difference in price. There are several factors to keep in mind when attributing varying grades of
Numismatic News3 min read
Enhancing the Two Great ‘People Hobbies’
This past December 2023, Scott D. English, the energized American Philatelic Society (APS) executive director, and Thomas M. ‘Tom’ Uram, the enthused American Numismatic Association (ANA) president, were together for a brief and rushed three days, he
Numismatic News2 min read
Silver Proof Coins on the Move
We’ve got some big movers this month, when looking at the latest sales report from the U.S. Mint through April 14 compared to our last look through March 10. The largest jump is seen in the 2024-W collector silver proof American Eagle. It increased b

Related Books & Audiobooks