The arms of Panama with nine stars above representing the nine provinces at the time (there are now ten) with the country name above and the date in between the wreath at the bottom.
Obverse script
Latin
Obverse lettering
REPVBLICA - DE - PANAMA
PRO MUNDI BENEFICIO
1975 (Translation: Republic of Panama For the Benefit of the World)
Reverse description
An armored bust with a helmet of Vasco Núñez de Balboa facing left and touching the rim surrounded by value in letters and wreath
Reverse script
Latin
Reverse lettering
VN ·
CVARTO · DE · BALBOA (Translation: One Quarter of a Balboa)
Edge
Reeded
Mint
Royal Canadian Mint of Winnipeg,Canada (1976-date) United States Mint of Denver,United States (1906-date) United States Mint of Philadelphia, United States (1792-date) United States Mint of San Francisco, United States (1854-date)
Mintage
1966 - Proof - 13 000 1966 - San Francisco Mint - 7 440 000 1967 - San Francisco Mint; Proof - 12 701 1968 - San Francisco Mint - 1 220 000 1968 - San Francisco Mint; Proof - 43 193 1969 - San Francisco Mint; Proof - 14 000 1970 - San Francisco Mint; Proof - 9 528 1970 (1970-1971) - San Francisco Mint - 2 000 000 1971 (1972) - San Francisco Mint; Minted in 1972; Proof - 10 696 1972 (1973) - San Francisco Mint; Minted in 1973; Proof - 13 000 1973 - San Francisco Mint - 800 000 1973 (1974) - San Francisco Mint; Minted in 1974; Proof - 16 946 1974 - San Francisco Mint; Proof - 17 521 1975 - Denver Mint - 1 500 008 1979 - Philadelphia Mint - 2 000 000 1980 - Philadelphia Mint - 2 000 000 1982 - Philadelphia Mint - 3 000 000 1983 - Royal Canadian Mint - 6 000 000 1986 - Royal Canadian Mint - 3 000 000 1993 - - 4 000 000 1993 - Proof, not authorized -