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1 Balboa

Issuer Republic of Panama
Year 1966-1975
Type Non-circulating coin
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Obverse description The national coat of arms of Panama is prominently displayed at center, featuring a quartered shield with symbols representing the country's history and geography: crossed sword and rifle in the first quarter, a spade and pickaxe in the second, a cornucopia in the third, and a winged wheel in the fourth, with a landscape depicting the Isthmus in the lower half. A harpy eagle with wings displayed surmounts the shield, and national flags flank the escutcheon on either side. A wreath of laurel and palm frames the lower portion of the design. The legend REPVBLICA DE PANAMA arcs along the upper periphery, accompanied by a row of stars below it. The fineness LEY 0.900 appears to the left field, the weight GR. 26.73 to the right field, and the date 1974 is inscribed in the exergue.
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Reverse description A left-facing armored bust of Vasco Núñez de Balboa, the Spanish conquistador and first European to see the Pacific Ocean from the Americas, occupies the central field. He is depicted wearing an ornately engraved morion helmet and a ruff collar with period-appropriate armor visible at the shoulder. Two sprigs of laurel flank the bust at the lower left and lower right. The denomination legend VN BALBOA arcs boldly along the upper periphery of the coin in raised relief.
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