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25 Centésimos
| Issuer | Panama |
|---|---|
| Year | 1904 |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Orientation | Coin alignment ↑↓ |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse description | The national coat of arms of Panama is centrally displayed, featuring a shield divided into quarters with imagery representing the nation's history and geography, surmounted by a crested eagle and flanked by cornucopias. An arc of seven five-pointed stars appears above the arms, symbolizing the provinces of Panama. The circular legend identifies the denomination and issuing authority, while additional inscriptions around the periphery note the silver fineness and gross weight of the coin. A beaded border frames the entire design. |
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| Additional information |
Panama's first coinage was authorized almost immediately after independence from Colombia in November 1903, with the new republic contracting the Philadelphia Mint to produce the entire inaugural series. The 25 centésimos was deliberately modeled on the Columbian peso system's proportions, easing the monetary transition for a population accustomed to Colombian silver. Philadelphia struck the 1904 issues under contract — an arrangement that persisted for decades given Panama's lack of its own minting facilities.
The timing was inseparable from the Canal Zone negotiations; U.S. officials wanted monetary stability in Panama before construction began in earnest.