A Panama 5 Centesimos (Silver) contains 0.0723 troy oz of pure silver, worth $3.91 at today's spot price.
Panama struck the 5 Centesimos silver coin from 1904 to 1916 in 90% silver. Each coin weighs 2.5 g and holds 0.0723 troy oz (2.250 g) of pure silver. The centesimo was also used in Chile, Dominican Republic, Paraguay and Uruguay.
Melt values use these spot prices (US dollars):
- Silver $54.05 per troy oz Current quote · Quote time Oct 23, 7:10 PM EDT
Some prices could not be refreshed recently and may be out of date.
Melt value is the metal content at spot price, not a buy or sell price. Collectible coins can be worth much more. For reference only.
Specifications
| Years | 1904–1916 |
|---|---|
| Face value | 5 Centesimos |
| Composition | 90% silver |
| Gross weight | 2.5 g |
| Fineness | .900 (90%) |
| Pure metal | 0.0723 troy oz (2.25 g) |
How the melt value is worked out
Melt value is the pure silver in the coin multiplied by the spot price. We use the coin's standard minted weight; worn coins weigh slightly less.
-
2.5 g × .900 fine ÷ 31.1035 g per troy oz = 0.0723 troy oz
0.0723 troy oz × $54.05 spot = $3.91
Melt value vs. collector value
Melt value is a floor, not a price. Better dates, coins with mint luster and graded coins often sell well above melt; key dates and rare varieties can be worth many times more. Check the date and mint mark before selling a coin for its metal.