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1/4 Balboa 1999 Reversion of the Panama Canal
| Issuer | Panama |
|---|---|
| Year | 2016 |
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| Composition | Log in to see details |
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| Thickness | 1.75 mm |
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| Obverse description | The national coat of arms of Panama occupies the central field, featuring a quartered shield supported by an eagle with wings displayed. The shield displays crossed rifles and a sword in the first quarter, a shovel and pick over an isthmus in the second, a cornucopia in the third, and a winged wheel over an isthmus in the fourth, with the motto PRO MUNDI BENEFICIO inscribed on a scroll across the shield. Nine stars arc above the coat of arms, flanking the eagle. The curved legend REPÚBLICA DE PANAMA runs along the upper periphery, while the date 2016 appears in the lower exergue. |
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| Reverse description | The reverse bears a colored depiction of the Panamanian national flag flying above the Panama Canal Administration Building, commemorating the handover of the canal on December 31, 1999. Celebrating citizens are rendered in the foreground, evoking the historic reversion ceremony. The denomination UN CUARTO DE BALBOA is inscribed in a curved legend along the upper periphery. The commemorative legend 1999 REVERSION DEL CANAL DE PANAMA curves along the lower periphery, referencing the year of the canal reversion. |
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| Additional information |
Panama issued this commemorative quarter in 1999 to mark the transfer of canal control from the United States, which had administered the waterway since its 1914 opening under the terms of the 1903 Hay–Bunau-Varilla Treaty — a deal signed by a French engineer with no official Panamanian authority. The handover on December 31, 1999 fulfilled the 1977 Torrijos-Carter Treaties, which President Carter signed over fierce domestic opposition in the U.S. Senate, passing by a single vote.
The 2016 date indicates a reissue, likely for circulation or collector sets, some sixteen years after the event itself.