PANAMA. Banco Central de Emision. 1 Balboa, 1941. P-22a. PMG Very Fine 25.
Vasco de Balboa. Made during the anti-American rule of Arnulfo Arias. PMG comments "Tear Repair." This example has nice body and color for the grade and is limited only by minor professional margin repair as mention by PMG in the comments section. By itself, still appealing type with high Standard catalog value.
Estimate: $1000.00- $1500.00