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| Issuer | Panama |
|---|---|
| Year | 1983-1984 |
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| Currency | Balboa (1904-date) |
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|---|---|
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| Obverse lettering | · REPUBLICA · DE · PANAMA ********* UN CENTESIMO 1983 (Translation: Republic of Panama One Centesimo) |
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| Edge | Plain |
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| Additional information |
Panama switched to copper-plated zinc for its centésimo in 1983, mirroring the U.S. cent's composition change that Lincoln cents underwent in 1982 — a direct consequence of rising copper prices making the metal content of small-denomination coins approach or exceed face value. The timing was not coincidental: Panama's monetary system is structurally tied to the U.S. dollar, with Panamanian coins functioning as fractional currency alongside American coinage in everyday transactions.
The two-year production window before this type was superseded makes surviving examples modest in number, though not scarce.