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1/4 Balboa Republic
| Issuer | Republic of Panama |
|---|---|
| Year | 1953 |
| Type | Log in to see details |
| Value | 1/4 Balboa |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Diameter | Log in to see details |
| Thickness | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Log in to see details |
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| Reverse lettering | UN CUARTO DE BALBOA *CINCUENTENARIO* (Translation: A Quarter of a Balboa Fiftieth Anniversary) |
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| Mint | Log in to see details |
| Mintage | 1953 - - 1,200,000 1953 - Proof - 5 |
| Additional information |
Panama's coinage has always operated under an unusual arrangement: the country has no central bank and uses the U.S. dollar as its de facto currency, with Panamanian coins serving only as fractional change. The Balboa was pegged 1:1 to the dollar at its 1904 introduction and has never deviated. This quarter-sized silver piece circulated alongside American quarters interchangeably, and many simply left Panama in tourists' pockets.
KM#19 ran through several years of the 1950s with Philadelphia Mint production — Panama has never operated its own mint.