1931 Silver Panama Balboa

Updated October 18, 2026

Composition: 0.900 fine silver (90% Ag) and 0.100 copper (10% Cu) Total weight: 26.730 g Actual silver content: 24.06 g of pure silver (˜ 0.770 troy ounces) Diameter: 38.10 mm Thickness: 2.50 mm Mintage: 200,000 coins Obverse: Standing Liberty figure with fasces and oak sprig, inscriptions “REPVBLICA DE PANAMA” and “LEY 0.900 GR 26.73” Reverse: Armored bust of Vasco Núñez de Balboa, inscribed “VN – BALBOA” Summary The 1931 Panama Balboa contains 24.06 g of pure silver out of its 26.73 g total weight, making it a high-purity silver coin suitable for both numismatic and bullion interest .

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