Balboa - Original Black and White Edition
by Fred Larucci
Title
Balboa - Original Black and White Edition
Artist
Fred Larucci
Medium
Drawing - Graphite Pencils On 96lb. Canson Bristol Thick Sheet Stock Paper
Description
(2014) "Panamanian Balboa", 1904 "Panama" Silver Dollar - Original Black & White Edition - Illustration No.86 Hand Drawn in Graphite on 96lb. Bristol Thick Board Sheet Stock - Pencils used: 4h, h, hb, b, 5b - Drawing time: 44 Hours to complete.
This is the 8th Coin in my "Coin Series" and the third foreign coin in the set following the "Queen Medallion of Canada and Victoria Empress of Great Britain".
The Balboa is, along with the United States dollar, one of the official currencies of Panama. It is named in honor of the Spanish explorer / conquistador Vasco Nez de Balboa. The balboa is subdivided into 100 centsimos. The balboa replaced the Colombian peso in 1904 following the country's independence. The balboa has been tied to the United States dollar (which is legal tender in Panama) at an exchange rate of 1:1 since its introduction and has always circulated alongside dollars. In 1904, silver coins in denominations of 2, 5, 10, 25, and 50 centsimos were introduced. These coins were weight-related to the 25 gram 50 centsimos, making the 2 centsimos coin 1 grams. Its small size led to it being known as the "Panama pill" or the "Panama pearl"
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January 16th, 2021
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