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1/10 Balboa
| Issuer | Panama |
|---|---|
| Year | 1966-1993 |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
| Thickness | 1.35 mm |
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| Obverse description | The national coat of arms of Panama occupies the central field, flanked by a wreath below and nine five-pointed stars arranged in an arc along the lower portion of the design. The legend REPVBLICA DE PANAMA curves along the upper rim, while the motto PRO MUNDI BENEFICIO appears across the lower field above the wreath. The date is inscribed in the exergue beneath the coat of arms. |
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| Reverse script | Latin |
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| Additional information |
Panama has no central bank and issues no paper currency of its own — the U.S. dollar circulates as legal tender alongside Panamanian coinage, a monetary arrangement dating to the 1904 Hay-Bunau-Varilla Treaty signed just months after independence from Colombia. The balboa exists purely as coin, never note, which means fractional pieces like this one absorbed genuine daily circulation pressure across nearly three decades.
The shift to copper-nickel clad in this series mirrored the U.S. Mint's own compositional changes of the mid-1960s, driven by the global silver shortage that had made silver coinage economically untenable.