1966 Panamanian Balboa - Coin Community Forum

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Author	Replies: 5 / Views: 2,145
Archraz Pillar of the Community United States 3499 Posts	Posted 01/07/2013 5:58 pm I got this very pretty Un Balboa recently, and aside from a small blemish on the obverse, this coin has almost no visible marks. However, I am a bit confused as to the value that would be assigned to this coin. My Krause says that it is $18 in BU, but this coin is about $22 or so bullion these days. Furthermore, I have not seen one of these on ebay in BU for less than $45. SO what do you guys think would be an accurate value? Thanks! Report this Post to the Staff

IndianGoldEagle Bedrock of the Community United States 36678 Posts	Posted 01/07/2013 6:41 pm Same size and silver content as the Morgan and Peace dollars. A good price would be in the $25-30 range. Report this Post to the Staff
commems CCF Master Historian of USA Commemoratives United States 12258 Posts	Posted 01/11/2013 9:55 pm The Krause catalogs are great reference books for knowing what coins are available and for getting a sense of relative scarcity, but they should generally not be relied upon to provide accurate market pricing. They are not published frequently enough (or with a short enough lead time) to support being truly up to date with all of the thousands of prices they provide. I did a quick ebay search on completed auctions and found that when typical 1966 Un Balboa coins (like yours) actually sell, they sell in the range specified by IndianGoldEagle - $25-30 (maybe he got his number the same way I just did). You can't just go by a seller's "Buy It Now" price to determine a coin's current value as these are often higher than the typical selling price â€" seller's go "fishing" hoping to catch a buyer that does not know the true value of what they are selling. Collecting history one coin or medal at a time! (c) commems. All rights reserved. Report this Post to the Staff
swamperbob Pillar of the Community United States 5362 Posts	Posted 01/11/2013 10:14 pm They are silver and here (North Carolina) they are traded as bullion unless they grade over MS 64 Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21786 Posts	Posted 01/11/2013 10:40 pm The 1966 One Balboa would not have circulated hence they all should be in MS 60 or better. Krause notes that 200,000 of the 1966 were melted to make the 20 Balboa silver coin. Report this Post to the Staff
swamperbob Pillar of the Community United States 5362 Posts	Posted 01/11/2013 10:52 pm That is exactly why they are treated as bullion. Far too common. Report this Post to the Staff
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