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  1. #1
    ru
    Oct 2012
    Russia
    5
    All Types Of Treasure Hunting

    1 balboa coin of Republica de Panama

    Hello dear colleagues.
    I am a modest beginning coin collector and kindly asking an assistance on the issue below.
    Recently I purchased 2 coins x 1 balboa coin of Republica de Panama but unfortunately now I have completely made sure they both are fakes.
    Firstly on receiving them, I was unpleasantly surprised they are not as heavy weighed as it could be expected (unfortunately I do not have such scales to check), although made of non-magnetic silver-coloured metal. Have to notice they were purchased as originals for adequate prices.
    But after I felt first doubt regarding their underweight, I started to check numismatic forums and titles and then completely made sure in my suspicions, especially when compared pictures of genuine coins with my ones.
    So, could anybody please kindly confirm if it is so as I think?
    Moreover, as I purchased them by the means of web auction which provides strong customer support, I am pretending to be fully refunded.
    That's for probably I may be requested to provide an expert certification about their inauthenticity.
    Could be anyone has already faced with such problem and knows how to get such certification by the means of only photos, as I beleive it is quite enough to judge in this case. May I kindly ask to assist and give an advise?
    Many thanks in advance. (sorry if I've made grammatic mistakes)
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  3. #2

    Feb 2008
    2,326
    175 times
    I have two 1953 Balboas which are 90% silver. Your coins do not appear to be silver.

  4. #3
    us
    Jun 2012
    North Carolina
    Garrett Ace 150
    649
    89 times
    All Types Of Treasure Hunting
    Quote Originally Posted by lastleg
    I have two 1953 Balboas which are 90% silver. Your coins do not appear to be silver.
    Panamanian balboas where made from 1931-1947 with 90% silver.

  5. #4
    Charter Member

    Oct 2004
    N. San Diego area (Pic of my two best 'finds')
    Minelab Explorer
    11,223
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    All Types Of Treasure Hunting
    Honorable Mentions (2)
    I see nothing wrong with the coins--then again, I'm not an expert.
    Due to environmental factors these coins can significantly vary in tone.
    Here are some current sales--not listings.
    panama 1 balboa 1934 | eBay
    and here is some general information: Coin Value | Panama One Balboa 1931 to 1985
    Don.......

  6. #5
    us
    Jan 2012
    Maryland
    White's Coinmaster
    5,780
    630 times
    Coin Roll Hunting
    They look like cheaply-made fakes. Sorry.
    1/100 of an American dollar is a cent. It is NOT a penny. The word penny is used by several other countries, such as Great Britain, to denote their smallest denomination. In order to be numismatically correct, you must use the term cent to describe the American coin.

    Quote Originally Posted by Edmund Burke
    The only thing necessary for the triumph of evil is for good men to do nothing.

  7. #6
    us
    Jan 2012
    Maryland
    White's Coinmaster
    5,780
    630 times
    Coin Roll Hunting
    Quote Originally Posted by Dihren View Post
    Panamanian balboas where made from 1931-1947 with 90% silver.
    1931-1947 AND 1953 AND 1966.
    1/100 of an American dollar is a cent. It is NOT a penny. The word penny is used by several other countries, such as Great Britain, to denote their smallest denomination. In order to be numismatically correct, you must use the term cent to describe the American coin.

    Quote Originally Posted by Edmund Burke
    The only thing necessary for the triumph of evil is for good men to do nothing.

  8. #7
    ru
    Oct 2012
    Russia
    5
    All Types Of Treasure Hunting
    Quote Originally Posted by sagittarius98 View Post
    They look like cheaply-made fakes. Sorry.
    I completely agree with this. A girl at both my coins looks like a scarecrow in comparison to the girl at pictures of the same balboas which are described as genuine in the net. All the details on them are not so convex and deep as should be. Unfortanutely I did not researched it before the bidding on them (as far as I remember only few minutes to the ending left when I found them in listing) and previously have not met the same. Hopefully opened incident against them will be succesfully resolved in my favour. There is a surprising number of different fakes, as I see. Earlier I had enough wisdom to purchase 1 peace US dollar 1922, 1 ellis island US dollar dated 1906!? (fantasy or simply fake coin), a chinese fat man dollar and even small Hong Kong coin, dated 1890s but with George 5 portrait on it?! All these coins were purchased flea market in my native town. To be honest, last 2 coins I've bought knowingly, for cheap, just for a joke; while with both US dollar fake coins I was really bamboozled paying for their imaginary silver content as for the real. All these 4 coins (in contrast to these balboas) are stuck to magnet. (Looks like counterfeiters permanently improve their manufacturing and started to use a lead instead of a steel for their coins not to stuck to magnet anymore)

  9. #8

    Aug 2012
    1
    Dear Sir

    Both coins are fake, I think was made in China.

    Greetings from Panama

  10. #9
    us
    Collector

    Sep 2012
    South Florida
    51
    5 times
    All Types Of Treasure Hunting
    Quote Originally Posted by puma64 View Post
    Dear Sir

    Both coins are fake, I think was made in China.

    Greetings from Panama
    How can you tell "both" are fakes? I think only the first one is a fake.
    -Rigo

    All about collectibles.
    Collectors Unleashed

  11. #10
    us
    Jan 2012
    Maryland
    White's Coinmaster
    5,780
    630 times
    Coin Roll Hunting
    Quote Originally Posted by Rigo View Post
    How can you tell "both" are fakes? I think only the first one is a fake.





    Compare those two coins to this one, the details are very light and "skeletal" on the 2 coins compared to the normal relief one in the picture above.
    1/100 of an American dollar is a cent. It is NOT a penny. The word penny is used by several other countries, such as Great Britain, to denote their smallest denomination. In order to be numismatically correct, you must use the term cent to describe the American coin.

    Quote Originally Posted by Edmund Burke
    The only thing necessary for the triumph of evil is for good men to do nothing.

  12. #11
    us
    Collector

    Sep 2012
    South Florida
    51
    5 times
    All Types Of Treasure Hunting
    Quote Originally Posted by sagittarius98 View Post





    Compare those two coins to this one, the details are very light and "skeletal" on the 2 coins compared to the normal relief one in the picture above.
    Ahhh, good job. Thanks for pointing that out for me.
    -Rigo

    All about collectibles.
    Collectors Unleashed

  13. #12
    ru
    Oct 2012
    Russia
    5
    All Types Of Treasure Hunting
    This is really cool coin! I also compared pic of origin coins with mine prior to raise an incident and report them as fakes.
    There is also showing and comparing article in the net, maybe interesting to some of you to be aware about fake Panama coins
    FK-100.1 (1934 Balboa Counterfeit)
    ... does it seem to me only that senior Balboa is looking archly at the fake coin, like he knows his coin is fake))
    while at genuine one he looks serious and strict, like real late-medieval spanish conquistador.

 

 

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