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5 Centésimos
| Issuer | Republic of Panama |
|---|---|
| Year | 1996 |
| Type | Standard circulation coin |
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| Composition | Log in to see details |
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| Obverse description | The national coat of arms of Panama occupies the central field, depicting a quartered shield bearing crossed swords and rifle in the upper left, a shovel and pickaxe in the upper right, a cornucopia in the lower left, and a wheel in the lower right, with the Isthmus of Panama and two sailing ships at center. A condor with outstretched wings surmounts the shield, and a scroll inscribed PRO MUNDI BENEFICIO appears across the shield's upper portion. Nine stars are arranged in an arc above the eagle. The curved legend REPUBLICA DE PANAMA flanks the shield on both sides, and the date 1996 appears in the lower exergue. |
|---|---|
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| Mintage | 1996 - - 4,000,000 |
| Additional information |
Panama has no central bank and issues no paper currency of its own — the U.S. dollar has served as the de facto national currency since the Hay-Bunau-Varilla Treaty of 1903, a direct consequence of American interest in canal construction. Panamanian coins function purely as fractional change, with no higher-denomination coinage to speak of. The centésimo series exists entirely in the shadow of that arrangement.
KM#126 continued the long-running copper-nickel format established decades earlier, with no meaningful design or specification changes driving the 1996 issue — production was routine replenishment of circulating stock.