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In 1966, Panama followed the U.S. in changing the composition of their silver coins, with copper-nickel-clad 1 ⁄ 10 and 1 ⁄ 4 balboa, and .400 fineness 1 ⁄ 2 balboa. One-balboa coins, at .900 fineness silver, were issued that year for the first time since 1947.
The five Panama–Pacific commemorative coins were produced in connection with the 1915 Panama–Pacific International Exposition in San Francisco. Struck at that city's mint , the issue included round and octagonal $50 pieces.
The customary design on coins is a portrait of a notable individual (living and/or deceased) on the obverse or reverse, unless the subject is depicted on both sides of the coin. Elizabeth II, former Queen of the Commonwealth realms and their territories and dependencies, features on more coins than any other person. [1]
The coin sold more than 41 million units over a 3-year stretch and similar articles exist such as the Chinese Silver Panda and American Silver Eagle. I believe notability was not the problem but apparently the context was. In fact the article for the Silver Panda coin is not much better in regards to context and even has no sources properly cited.
Vasco Núñez de Balboa 1475–1519 Explorer, governor, and conquistador; best known for having crossed the Isthmus of Panama to the Pacific Ocean in 1513, becoming the first European to lead an expedition to have seen or reached the Pacific from the New World
Fort Clayton was located northwest of Balboa, Panama, with the Panama Canal located nearby. It closed in 1999 pursuant to the Torrijos-Carter Treaties.The Southern Command Network and 193rd Infantry Brigade were both headquartered there, as was the headquarters of United States Army South prior to its relocation to Fort Buchanan, Puerto Rico.