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100 Balboas Panama Canal

Issuer Panama
Year 1980
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Reference(s) KM#67, Schön#68
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Reverse description A dignified three-quarter-length bust of Ferdinand de Lesseps, the French diplomat and developer of the Panama Canal, faces slightly to the left in contemporary 19th-century attire consisting of a suit jacket and bow tie, rendered in high relief with fine portraiture detail. The commemorative legend CENTENARIO DEL CANAL DE PANAMA arcs along the upper and right periphery, flanked by bullet stops. The dates 1880-1980, marking the centenary of the commencement of canal construction, appear prominently above the portrait in the upper field. The subject's name FERDINAND DE LESSEPS is inscribed along the lower arc of the coin, also flanked by bullet stops.
Reverse script Latin
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Additional information

The 100 Balboas gold series was issued by Panama to commemorate successive anniversaries of the Canal, with the 1980 piece tied to the transition period following the 1977 Torrijos-Carter Treaties, which set in motion the gradual handover of the waterway from U.S. to Panamanian control. Full sovereignty wasn't completed until December 31, 1999, but 1980 marked the first operational year under the new treaty framework.

The .500 fineness is notably low for a gold commemorative of this period — a deliberate cost decision that kept the bullion value modest while maintaining nominal face value credibility.

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