Arms of Panama with 9 stars above representing the nine provinces at the time (there are now ten) along with the country name above, silver content on both sides, date below
Obverse script
Latin
Obverse lettering
REPUBLICA DE PANAMA
PRO MUNDI BENEFICIO
LEY 0.900 G.R. 12.50
1953 (Translation: Republic of Panama For the benefit of the world 0.900 Fine, 12.5 grams)
Reverse description
Armoured bust of Vasco Núñez de Balboa with value above
Reverse script
Latin
Reverse lettering
MEDIO BALBOA
*CINCUENTENARIO* (Translation: Half Balboa 50th anniversary)