Coat of arms with 9 stars above. Name of the country above, silver content on sides, wreath and date below.
Obverse script
Latin
Obverse lettering
REPUBLICA DE PANAMA
PRO MUNDI BENEFICIO
LEY
0.900
GR.
12.50
1961 (Translation: Republic of Panama For the Benefit of the World 0.900 Purity 12.5 Grams)
Reverse description
Armoured bust with helmet of Vasco Núñez de Balboa facing left surrounded by value in letters and wreath below the bust.