Coat of arms with 9 stars above. Name of the country above, silver content on left side, wreath and date below.
Obverse script
Latin
Obverse lettering
REPUBLICA DE PANAMA
*********
PRO MUNDI BENEFICIO
LEY
0.500
FM
1985 (Translation: Republic of Panama For the Benefit of the World 0.500 Purity)
Reverse description
Armoured portrait to the waist with helmet of Vasco Núñez de Balboa facing left holding a folded flag at left hand, right arms extended to the left. Legend around, value in letters below.
Reverse script
Latin
Reverse lettering
BALBOA DESCUBRIDOR DEL PACÍFICO
CINCO BALBOAS (Translation: Balboa Discoverer of the Pacific Five Balboa)
Edge
Reeded
Mint
(FM) Franklin Mint (The Franklin Mint), Wawa, Pennsylvania, United States (1964-date)