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1/4 Balboa Panama Canal
| Issuer | Panama |
|---|---|
| Year | 2016 |
| Type | Commemorative circulation coin |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse description | A colored depiction of a large ocean-going vessel transiting the locks of the Panama Canal occupies the central field, rendered in polychrome enamel against a stylized background. The denomination UN CUARTO DE BALBOA is inscribed along the upper periphery, while the commemorative legend CIEN AÑOS DEL CANAL DE PANAMÁ curves along the lower border. The year 2014, marking the centennial of the Canal's opening, appears within the reverse design. |
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| Additional information |
Panama's Balboa coinage is constitutionally pegged at par with the U.S. dollar — a monetary arrangement dating to 1904 that has never been broken — which means these coins circulate alongside American quarters interchangeably. The Canal itself was transferred to full Panamanian control on December 31, 1999, after decades of negotiation beginning with the Torrijos-Carter Treaties of 1977.
KM#158 is part of the bimetallic commemorative run tied to Canal themes issued in the mid-2010s. Panama does not operate its own mint; production is contracted abroad, with most circulation strikes of this period produced at the Royal Canadian Mint.