Arms of Panama with nine (128.1) or ten (128.2) stars above (representing the nine provinces at the time, there are now ten) and the name of the country above, date below.
Obverse script
Latin
Obverse lettering
REPUBLICA DE PANAMA
*********
PRO MUNDI BENEFICIO
2017 (Translation: Republic of Panama For the Benefit of the World)
Reverse description
Armoured bust with a helmet of Vasco Núñez de Balboa, a Spaniard, the first European who crossed the Isthmus, reached the Pacific by land and discovered the Perlas Archipelago in 1513, facing left surrounded by value in letters and a wreathed bust touching the rim below.
Reverse script
Latin
Reverse lettering
UN ·
CUARTO · DE · BALBOA (Translation: One Quarter of a Balboa)