1978 Panama 75 Balboas Gold Coin 75th Anniversary of Independance
Issued in 1978 to commemorate the 75th anniversary of independence.
Brief Panama History
Panama was discovered by 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 it broke away and became a fully independent republic.
The Panamanian Balboa is exchangeable at par with the US dollar.