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1 Balboa John F. Kennedy
| Issuer | Panama |
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| Year | 1988 |
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| Composition | Silver (.999) |
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| Obverse description | The Coat of Arms of Panama occupies the central field, featuring the national shield surmounted by a harpy eagle with wings displayed and flanked by nine stars above, with the motto PRO MUNDI BENEFICIO on a scroll. The legend REPUBLICA DE PANAMA arcs along the upper periphery, while the date 1988 is divided on either side of the shield. The denomination 1.00 VN BALBOA is inscribed along the lower legend. |
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| Obverse script | Latin |
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| Additional information |
Panama issued this piece in 1988 under the shadow of a collapsing relationship with Washington — the year the U.S. indicted Manuel Noriega on drug trafficking charges and began the economic sanctions that would strangle the Panamanian economy ahead of the 1989 invasion. Invoking Kennedy on a Panamanian coin was no accident; his Alliance for Progress had made him genuinely popular across Latin America, and his 1963 visit to Panama remains a touchstone of mid-century U.S.-Panama relations.
The X# designation confirms this as a non-circulating issue outside the regular series.