Liberty standing, holding fasces in one arm and an oak sprig in the other, resting the arm with the oak on the Panamanian shield. The country name is above, the purity and weight are to the right, and the date is below.
Obverse script
Latin
Obverse lettering
REPUBLICA DE PANAMA
LEY 0.900
GR.26.73
PRO MUNDI BENEFICIO
1953 (Translation: Republic of Panama 0.900 Purity 26.73 Grams For the Benefit of the World)
Reverse description
Armoured bust of Vasco Nunez de Balboa facing left with wreath below and denomination above.
Reverse script
Latin
Reverse lettering
· UN - BALBOA ·
CINCUENTENARIO (Translation: One Balboa 50th Anniversary)