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50 Centésimos

Issuer Republic of Panama
Year 1904-1905
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Value 50 Centesimos (50 centésimos) (0.50 PAB)
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Obverse description Armored bust of Vasco Núñez de Balboa facing left, depicted in Renaissance-style conquistador armor with scaled gorget and ruffled collar, rendered in high relief. The motto DIOS LEY LIBERTAD appears inscribed on a scroll or ribbon across the chest of the effigy. The circular legend REPUBLICA DE PANAMA arcs around the upper periphery, while the denomination inscription BALBOA and the date 1904 appear in the lower exergual area. The portrait is bold and detailed, reflecting the work of the Philadelphia Mint's engravers, and is surrounded by a finely beaded border.
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Obverse lettering REPUBLICA DE PANAMA
DIOS LEY LIBERTAD
BALBOA 1904
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Edge Reeded
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