Panama 2 1/2 Cent Piedfort Proof

John1 - Nice scans. It is hard to get detail on such a tiny item but you did well.

I never understood why Panama made such tiny coins. I can imagine that having a bunch of these in your pocket would lead to wholesale losses. Even if you drop it, you would be unlikely to hear it hit the floor. This is the size of the famous Panama Pill and even though there are very low mintages they are of limited value. Being copper-nickel clad copper there is no intrinsic value either.

There is a note in Krause indicating that three dates 1983, 1984 and 1985 are actually unauthorized issues. Read that "Counterfeit" and you can see why those three dates are actually worth more than the authorized originals.

It is the nature of counterfeit collectors like myself.

That said I do like these tiny coins. Of course I have never met a coin (especially a counterfeit) that I didn't like.