• 1972 Silver Panama 20 Balboas Bullion 24100
  • 1972 Silver Panama 20 Balboas Bullion 24101
  • 1972 Silver Panama 20 Balboas Bullion 24100
  • 1972 Silver Panama 20 Balboas Bullion 24101
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1972 Silver Panama 20 Balboas Bullion

Buy the 1972 Panama 20 Balboa Silver Coin.

  • Uncirculated finish
  • Struck in sterling silver
  • Contains 3.8544 troy ounces of silver


(Special Scheme Inc. VAT)
Totals are approximate until metal prices are confirmed on the next LBMA fix.

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Terms & Delivery

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Panama was discovered by Christopher Columbus in 1502, and explored by Vasco Nunez de Balboa in 1513. It became independent of Spanish rule in 1821and joined the Confederation of Greater Columbia. In 1903 with US encouragement and support it broke away to become a fully independent republic.

Panama started issuing its own coins after independence from Columbia in 1903. In the days of Spanish control, Panama City was a main shipping centre for plundered gold and silver from Latin America. 

Between 1971 and 1985, Panama issued large silver 20 Balboa coins. When they were released they were one of the largest coins produced. These coins were issued in both proof and uncirculated finishes. The mintage of the proof versions is higher than that of the uncirculated coins. Therefore, occasionally the premium for the the uncirculated version may be priced slightly higher than the proof.

If you are interested in investing in bullion, read our blogs:

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The obverse bears a three quarter portrait of Simon Bolivar, the legendary political and military leader who helped Panama to establish itself as a sovereign state, independent of Spanish rule. The coin bears the inscription SIMON BOLIVAR 1783 - 1830 and the date 1972.


The reverse bears the coat of arms of Panama with the inscription REPUBLICA DE PANAMA LEY 0.925 · · 20 BALBOAS · ·


Denomination 20 Balboas
Fineness 0.925
Finish Uncirculated
Diameter 61mm
Weight 129.59g
Actual Silver Weight 3.8544 troy ounces
Mint Franklin Mint
Mintage 37,000
Terms & Delivery

Terms of Sale - Key Points

You can find more information on payment and identification requirements.

Bullion coins are provided as is and on occasion may have some minor scratches or edge knocks. These are not regarded as faulty or damaged goods as their precious metal content and value as a bullion coin is not affected. Any coin sold for a value less than a 180% intrinsic is considered a bullion coin.

Gold investment products are VAT free. Silver investment products are inclusive of VAT at the current rate unless otherwise stated.

All investment products are based on the live precious metal price. Prices will be fixed once the item has been added to the basket and recalculates just before checking out. 

If your product is not a graded coin and is considered a bullion item, it should be noted that these are bought and sold on low premiums over their precious metal content and not solely for aesthetic purposes; therefore, some products may have edge knocks and/or marks. These edge knocks and marks do not alter the specifications of the coins.

Please note that all investment products are exempt from the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 and therefore customers do not have the right to cancel their order once the order has been accepted. If customers no longer wish to go ahead with their investment purchase, there is an option to sell the products back to Chard (1964) Ltd instead. View our current buy back prices.

View our full Terms & Conditions.

Delivery Information

We aim to dispatch orders within 48 hours of receiving cleared funds. Our standard delivery methods are as follows.

Orders over £60 - Fully Insured Delivery.

  • Within the UK and BFPO - Next day fully insured and tracked. Delivery starts from £6. 

Orders under £60

  • Within the UK and BFPO - Royal Mail 2nd Class. Your order will normally arrive within 2-3 working days. Delivery starts from £3.50.

If you wish to have your order sent by an alternative method (e.g., Saturday Guaranteed) please contact +441253343081 for more information. Please note, we will not dispatch high value orders over a bank holiday weekend.

For international delivery, please check with your local customs office for more information on custom duty and taxes.

Full delivery information can be found by clicking here.

Postal Insurance

We offer fully insured delivery on all special delivery options. We do need to pass on the cost of this insurance as it soon adds up shipping high value gold and silver products. 

  • Orders under £1500 there is no additional fee.
  • Orders over £1500 we charge a fee in order to cover the increasing costs of insurance. For every £1500 we apply a £1 fee. 

If you require any assistance, please do not hesitate to call the showroom on +441253343081 and one of our team can discuss your purchase.