Portrait of Vasco Núñez de Balboa facing left. Name of the country above, date below.
Obverse script
Latin
Obverse lettering
REPUBLICA DE PANAMA
DIOS LEY LIBERTAD
BALBOA
1904 (Translation: Republic of Panama God and Freedom)
Reverse description
Coat of Arms with seven stars above. Value in letters and silver content around.
Reverse script
Latin
Reverse lettering
DOS Y MEDIO CENTESIMOS DE BALBOA
⋆⋆⋆⋆⋆⋆⋆
PRO MUNDI BENEFICIO
G.1.25 LEY 0.900 (Translation: Two and a Half Centesimos of a Balboa For the Benefit of the World 1.25 Grams 0.900 Purity)