The PANAMA 10 Centesimos 1904 is the first year of the denomination and first year of nation coin as PANAMA had declared her independence the previous year from COLUMBIA after COLUMBIA had rejected a treaty with the U.S.A. over a proposed Panama Canal. PANAMA was supported in her independece bid by U.S.A. on the promise that the former would allow the latter to build the proposed canal. This project would later become the Panama Canal which was returned to Panamaian soverignty in 1979. The PANAMA 10 Centesimos 1904 is, in addition to being first year of denomination and a one year type coin, is also the last strike of denomination until 1975! (Stock #PANAMA 10c1904P12 HNMDAKG HOWAbNdJ)
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