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Republic of Panama 1974 silver proof 20 Balboas featuring a portrait of South American politician and military leader Simon Bolivar (1783-1830).
When they were struck by The Franklin Mint, these were the largest silver coins in the world, and they remain collectable today. The bust of Bolivar is paired with an obverse showing the coat of arms of Panama. 161,000 of these coins were issued in 1974, but many have since been melted.
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20 Balboas coins were struck by the Franklin Mint in 1972, 1973, 1974, 1975 and 1976. These legal tender large silver Panamanian coins were offered with a proof finish and a matte finish with the latter having a lower mintage.
Back in the 1970s the largest legal tender silver coin was the Panamanian 20 Balboas coin, produced from 1972 to 1976. Today, world mints compete to produce large, premium legal tender silver coins.