Catalog
20 Balboas Banded Butterfly Fish
| Issuer | Panama |
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| Year | 1983 |
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| Currency | Balboa (1904-date) |
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| Obverse description | The Coat of Arms of Panama occupies the central field, surrounded by a wreath and flanked by nine stars arranged in an arc below the shield. The national legend REPUBLICA DE PANAMA arcs along the upper periphery, while the motto PRO MUNDI BENEFICIO is inscribed beneath the arms. The fineness LEY 0.500, the Franklin Mint mintmark FM, and the denomination 20 BALBOAS appear in the lower exergual area. |
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| Mintage | 1983 FM - - 1983 FM - Proof - 1,671 1983 FM - Proof, FDC - |
| Additional information |
Panama's 1983 conservation series targeted international collectors rather than domestic circulation, issued under a broader push by smaller nations to leverage gold coinage as foreign currency earners. The Balboas series from this period was produced in limited quantities specifically for this market, with the .500 fineness chosen to keep production costs manageable against gold prices that had spiked sharply in the early 1980s before retreating.
KM#92 is one of several wildlife-themed denominations from the same year, each tied loosely to Panama's biodiversity promotion efforts following the 1977 Canal Treaties, which shifted international attention toward the country's natural resources.