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| 正面描述 | Left-facing portrait vignette of Vasco Núñez de Balboa at left, with a map of the Americas occupying the central field. The design evokes the engraved style of early twentieth-century Latin American banknote issues, with elaborate guilloche borders framing the composition. Specimen overprint and zero serial number affirm its non-negotiable collector status. |
|---|---|
| 正面铭文 | MONEDA FIDUCIARIA DE CURSO LEGAL EL BANCO AMERICANO DE LA REPUBLICA DE PANAMA UN BALBOA 1 SERIE DE 1918 A ESPECIMEN SIN VALOR NO A00000 CONSTE POR ESTE BILLETE QUE HAY DEPOSITADO EN EL BANCO UN 1 UN UN BALBOA AL PORTADOR PAGADERO A SOLICITUD BANKNOTE DESIGN 2015 RICHARD J. REED REED BANKNOTE CO., SARASOTA |
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Panama does not have a central bank and has never issued its own paper currency through one — the US dollar circulates as legal tender, with Panamanian coins (balboas) serving as the local denomination in metal. This 1 Balboa note is therefore a novelty or commemorative item, not an official state-issued banknote. Reed Banknote Co., operating out of Sarasota, produces private commemorative notes for collectors rather than government circulation issues.
Catalog inclusion depends on how the issuer field is interpreted. No legal tender status attaches to this piece under Panamanian law.