In this paper, we address the problem of extracting a feasible set of dynamic parameters characterizing the dynamics of a robot manipulator. We start by identifying through an ordinary least squares approach the dynamic coefficients that linearly parametrize the model. From these, we retrieve a set of feasible link parameters (mass, position of center of mass, inertia) that is fundamental for more realistic dynamic simulations or when implementing in real time robot control laws using recursive Newton-Euler algorithms. The resulting problem is solved by means of an optimization method that incorporates constraints on the physical consistency of the dynamic parameters, including the triangle inequality of the link inertia tensors as well as other user-defined, possibly nonlinear constraints. The approach is developed for the increasingly popular Panda robot by Franka Emika, identifying for the first time its dynamic coefficients, an accurate joint friction model, and a set of feasible dynamic parameters. Validation of the identified dynamic model and of the retrieved feasible parameters is presented for the inverse dynamics problem using, respectively, a Lagrangian approach and Newton-Euler computations.