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5 Balboas
| Issuer | Panama |
|---|---|
| Year | 1983-1984 |
| Type | Log in to see details |
| Value | 5 Balboas |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Obverse description | The Panamanian coat of arms occupies the central field, displaying the national shield with its traditional heraldic elements. An arc of nine five-pointed stars appears above the arms, while the national motto PRO MUNDI BENEFICIO is inscribed on a scroll beneath. The legend REPUBLICA DE PANAMA arcs along the upper periphery, and the silver fineness designation LEY 0.500 appears on either side of the arms. A floral wreath frames the lower portion of the design, with the mint mark FM and date in the exergue. |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | REPUBLICA DE PANAMA ********* PRO MUNDI BENEFICIO LEY 0.500 FM 1983 (Translation: Republic of Panama For the Benefit of the World 0.500 Purity) |
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| Additional information |
Panama's 5 Balboa silver coinage of this period was tied directly to the country's unusual monetary arrangement with the United States — the Balboa has never been issued as paper currency, with U.S. dollars serving that function since 1904. These larger silver pieces occupied an odd position: technically legal tender, but rarely if ever used in everyday transactions.
KM#91 was struck at .500 fineness rather than the .900 silver used in earlier Balboa issues, a reduction that tracked broader trends in silver coinage globally as metal costs climbed through the late 1970s.