1 Centesimo Gold Piefort

Panama's piefort program of the early 1980s produced a handful of struck-to-order rarities aimed squarely at the collector market, with this gold piefort of the 1 centesimo being among the most obscure. Piefort production in Latin American mints of this period was rarely systematic — runs were small, documentation inconsistent, and surviving population data remains thin decades later.

The .400 fineness is notably low for a gold collector piece, sitting closer to jewelry-grade alloys than the .900 standard typical of bullion issues. Whether this reflects a deliberate cost-control decision or a material availability constraint at the time of striking is unresolved in the published literature.