Stack's Bowers & Ponterio
January 2022 NYINC Auction 14-16 Jan 2022
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PANAMA. Banco Central de Emision. 20 Balboas, 1941. P-25a. PMG Very Fine 30.
Printed by Hamilton Bank Note-New York. The rarity, or unattainability of these 20 Balboas has ushered them into the pantheon of highly collectible banknotes in the numismatic community. At the time of cataloging, just nine examples have been encapsulated by PMG for the variety. This example is found with a neat serial number of "000700." The central design is of oxen pulling a cart, with the surrounding guilloche and underprint comprised of purple and orange ink. On the back of the note arms can be found at center, with six "20" counters noticed. The 20 Balboas was the highest denomination for the series, and is the most difficult to obtain today due to the limited number of survivors.
Estimate: $10000 - $12000
Printed by Hamilton Bank Note-New York. The rarity, or unattainability of these 20 Balboas has ushered them into the pantheon of highly collectible banknotes in the numismatic community. At the time of cataloging, just nine examples have been encapsulated by PMG for the variety. This example is found with a neat serial number of "000700." The central design is of oxen pulling a cart, with the surrounding guilloche and underprint comprised of purple and orange ink. On the back of the note arms can be found at center, with six "20" counters noticed. The 20 Balboas was the highest denomination for the series, and is the most difficult to obtain today due to the limited number of survivors.
Estimate: $10000 - $12000