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1/4 Balboa Piedfort

Issuer Panama
Year 1982
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Value 1/4 Balboa (1/4 PAB)
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Obverse description The obverse displays the national coat of arms of Panama in high relief at center, featuring a quartered shield with symbols of the isthmus — crossed swords and rifle in the upper quarters, a cornucopia and shovel in the lower quarters, and a condor with spread wings surmounting the shield. Flanking the shield are sprigs of vegetation on either side. The curved legend REPVBLICA - DE - PANAMA arcs along the upper periphery, accompanied by a row of nine five-pointed stars, with the date 1982 appearing in the lower exergue.
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Reverse lettering VN CVARTO DE BALBOA
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Additional information

Piedfort coins — struck at double or greater thickness on specially prepared planchets — have roots in French mint practice dating to the 16th century, where they served as presentation pieces and die trials for official inspection. Panama's adoption of the format for this 1982 issue followed a broader trend of Latin American mints producing piedfort sets aimed squarely at the collector market during the early 1980s commodity boom. The .400 gold alloy is notably low in fineness for a bullion-adjacent piece, suggesting this was never intended as a gold-weight vehicle.

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