PANAMA. El Banco Central de Emision de la Republica de Panama. 20 Balboas, 1941. P-25a. PMG Choice Extremely Fine 45 EPQ. The other denominations of the Arias issue eludes even the most seasoned collectors, but the unattainability of these 20 Balboas has ushered them into the pantheon of highly collectible banknotes in the numismatic community. A very desirable 000967 serial number is presented with fully original paper and bright inks. This extremely rare 20 Balboas is not just the only fully issued example with an EPQ designation, but it is also the highest graded by PMG that does not have a cancellation. Taking all of this into account, we believe that this should be considered the finest known example of the denomination and we surmise that the collecting community will feel the same and bid accordingly. From the Panama Collection.
