10 Balboas

Issuer	Banco Central de Emisión de la República de Panamá
Year	1941
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Value	10 Balboas (10 PAB)
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Obverse description	The central vignette presents a finely engraved view of Panamá Viejo (Old Panama), the ruins of the original colonial capital, rendered in intaglio and framed by elaborate guilloche underprints on both sides. Denomination panels and the issuing authority legend are arranged within the ornate border, with the obligation text running across the upper register. The overall composition is executed in a style typical of early twentieth-century American bank note engraving.
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Reverse description	The central medallion carries the coat of arms of Panama, rendered in fine intaglio engraving and enclosed within a circular frame, flanked on either side by bold guilloche panels bearing the denomination numeral 10 and the word DIEZ. The legend DIEZ BALBOAS is inscribed along the lower border, and the entire design is executed in dark brown ink over an intricate geometric lathe-work background. The printer's imprint of the Hamilton Bank Note Company appears at the lower margin.
Reverse lettering	REPUBLICA DE PANAMA DIEZ BALBOAS DIEZ 10 DIEZ 10
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