Catalog
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| Issuer | Panama |
|---|---|
| Year | 1929-1932 |
| Type | Log in to see details |
| Value | 5 Centesimos (5 centésimos) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
| Obverse lettering | REPUBLICA DE PANAMA ********* PRO MUNDI BENEFICIO 1932 (Translation: Republic of Panama For the Benefit of the World) |
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| Additional information |
Panama's coinage has always occupied an unusual position — the country adopted the Balboa as its currency in 1904 but simultaneously declared the U.S. dollar legal tender at par, a arrangement that persists today. In practice, Panama has never issued paper currency of its own, making its coins the only domestic physical currency the republic has ever produced. The 5 Centésimos was struck at the Philadelphia Mint under contract, as Panama operated no mint of its own.