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2 1/2 Centésimos

Issuer Panama
Year 1929
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Technique Milled
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Obverse script Latin
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Mintage 1929 - - 1,000,000
1929 - Proof -
Additional information

Panama's 2½ centésimos denomination is an oddity born of practical arithmetic: the country pegged its balboa 1:1 to the U.S. dollar and sized its coin system to interoperate with American coinage, making a 2½-unit piece the logical equivalent of a U.S. half-cent in local transactions. The denomination was never revisited after this series ended, making the 1929 issue one of the final strikes of a genuinely short-lived fractional concept.

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