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50 Centésimos

Emittent Republic of Panama
Jahr 1904-1905
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Gewicht 25 g
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Aversschrift Latin
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Reversbeschreibung The full Panamanian coat of arms occupies the central field, featuring a quartered shield displaying crossed swords and rifle, the Isthmus of Panama with ships on both oceans, a cornucopia, and a winged figure; the shield is supported by an eagle displayed above and flanked by nine stars. The legend CINCUENTA CENTESIMOS DE BALBOA arcs around the upper periphery, while the fineness and weight specifications G.25. LEY 0.900 appear along the lower margin. Six small five-pointed stars are arranged symmetrically in the upper field flanking the eagle. The design is executed in fine detail consistent with Philadelphia Mint craftsmanship of the period, enclosed within a beaded border.
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Zusätzliche Informationen

Panama's first national coinage was struck at the Philadelphia Mint under contract, issued just months after the republic's separation from Colombia in November 1903. The United States, having secured the Canal Zone treaty almost simultaneously, had obvious interest in stabilizing the new government — including its currency. Philadelphia produced the entire series, and the 50 Centésimos was struck in two calendar years to meet initial circulation demand.

The coinage law pegged the Balboa to parity with the U.S. dollar from the outset, a monetary arrangement that has never changed.