1/2 Centésimo

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Reversbeschreibung	The denomination is displayed in four lines of bold, serifed capital lettering reading MEDIO / CENTÉSIMO / DE / BALBOA across the central field. Small decorative dash-and-dot ornaments appear above and below the inscription, framing the text. The entire design is enclosed within a continuous border of raised beads running along the rim. The composition is plain and typographic, with no figurative elements.
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Auflage	1907 - - 1,000,000 1907 - Proof -
Zusätzliche Informationen	Panama's early coinage was struck under contract in the United States — this piece, like others of the series, was produced at the Philadelphia Mint following the country's independence from Colombia in 1903. The 1907 issue came during a period when the U.S. exercised considerable influence over Panamanian monetary policy, and American mints handled production for decades precisely because Panama lacked its own minting infrastructure. The half-centésimo saw limited practical use in daily commerce and was discontinued relatively early in the series.