The coin that caught my eye.....
Hello everyone.....
On Friday I posted a trip that I had to make in order to get the material that I needed for a kitchen job. I also showed off a vintage and fairly unique two ounce round that I picked up at an LCS near my distributor.
I had mentioned in that post that on my way out a coin caught my eye.
Well that coin is a 1947 Panama Balboa. These coins are very low mintage for a coin that was meant for circulation. The total mintage for this coin is 500,000. And finding a specimen in this condition is not very easy. The front has some nice cartwheel luster with a little bit of toning. A fair grade would be an MS63. The back however looks like it just left the mint. Tons of luster and blast white. I would give it a grade of no lower then an MS65.
So this coin is going to be sent out for grading at some point in the future. It will grade atleast an MS63 and has a good chance of being higher.
I paid $50 for the coin, and it will cost me $22 to get it graded. An NGC graded MS63 was sold recently for $127. So I’ll take it.
Now for the coin.....
Let me know what you think.....
Thanks for stopping by.
Those balboas are really good looking coins. I know very little about grading, and I'm interested to see how it does.
What @fat-elvis said + “nice grab-nabber!”
😜
It's the pretty girl on the reverse isn't it?
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A beautiful Balboa, bestie!!! What an awesome find! You know you are a collector/stacker when one of the things you do at every city you visit is to search for the nearest local coin shop!